Top Oil & Gas Stocks Losers are TSO, ATPG, MMLP

Tesoro Corporation (NYSE:TSO) is down 6.86% to $12.09 on 2.68 million shares after the company said on Tuesday it is suspending its dividend as it reported a fourth-quarter loss on weak fuel demand. Net loss in the quarter was $179 million, or $1.30 cents per share, compared with a profit of $97 million, or 70 cents per share in the same quarter a year ago.

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ATP Oil & Gas Corporation (NASDAQ:ATPG) plunges 7.76% to $14.27 on 1.14 million shares. The stock hit an intraday high and an intraday low of $15.04 and $14.25 respectively. In the last six months the stock went up over 69%. ATP Oil & Gas Corporation is engaged in the acquisition, development and production of oil and natural gas properties in the Gulf of Mexico and the United Kingdom and Dutch Sectors of the North Sea (the North Sea).

C Martin Midstream Partners L.P. (NASDAQ:MMLP) decreases 3.67% to $32.27 after the company announced that it has priced its previously announced public offering of 1,650,000 of its common units at price to the public of $32.35 per unit. The closing of the offering is expected to occur on February 8, 2010. Estimated net proceeds from the offering will be used by Martin Midstream Partners to repay outstanding indebtedness incurred under its revolving loan facility, which amounts may be reborrowed to fund both recent acquisitions and expansion capital expenditures.

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