The major equity averages are near the neutral line in the first few minutes of trade. Energy stocks have been a drag; they are down 0.5% following an earnings miss from heavyweight ConocoPhillips (COP 79.12, -2.09). However, better-than-expected quarterly results have helped Baker Hughes (BHI 77.41, +3.35) open with a strong gain that actually put the stock at its best level in more than two years.