The Daily Wrap

The Daily Wrap

Summary of today's energy market action:
  • Continued war of words between President Trump and Iranian officials helped give oil prices a boost earlier in the day, but both WTI and Brent failed to hold on to their gains.
  • Brent ended the day unchanged, while WTI declined almost 4%. WTI also flipped from the August to September contract today, bring prices lower due to backwardation in the futures curve.
  • US bond yields rose in response to a spike in Japanese bond yields, sending the US dollar higher by 0.2%.
  • Today's winners on the TSX include Parkland Fuel (PKI +2.7%), which hit a new record high, PrairieSky Royalty (PSX +2.4%), on good Q2 earnings results, and Seven Generations Energy (VII +2.7%). Parex Resources (PXT -5.4%) was today's worst performer, giving back some of its recent gains.
  • Despite reporting decent Q2 results today, Halliburton (HAL -8.1%) sank today after the company warned of slowing demand growth out of the Permian Basin. The news sent oilfield services stocks tumbling on both sides of the border.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$73.06▼0.047.74
 
79.80
WTI$67.89▼3.645.49
 
74.15
CDN LT$61.04▼4.042.76
 
69.32
C5+$66.79▼3.744.83
 
71.40
WCS$41.59▼5.830.41
 
56.21
TSX ENERGY
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
SuncorSU53.88▼-0.238.07
 
55.3592
Imperial OilIMO42.45▼-0.733.43
 
44.9172↓
Husky EnergyHSE20.62▲1.814.09
 
21.3092
MIDSTREAM
EnbridgeENB45.55▲0.337.36
 
53.0063
TransCanadaTRP58.34▲0.550.28
 
65.1872
Pembina PipelinePPL46.15▲0.337.60
 
47.0285↑
Inter PipelineIPL24.20▼-0.721.36
 
27.9235
Keyera KEY36.95▼-1.131.20
 
40.1477
Enbridge Income FundENF32.13▼-0.226.36
 
33.0592
Gibson EnergyGEI17.37▼-0.915.68
 
19.3840
LARGE CAP E&P
Canadian NaturalCNQ46.13▼-0.336.75
 
49.0879
Cenovus EnergyCVE13.40▲0.89.03
 
14.8472↓
EncanaECA16.82▼-1.111.05
 
18.0668
PrairieSkyPSK25.74▲2.424.28
 
35.9015↑
TourmalineTOU24.15▼-0.717.78
 
28.7483
SERVICES
ShawcorSCL26.24▼-1.623.60
 
30.1031↓
Mullen Group MTL15.91▼-0.814.10
 
17.6281
CES Energy SolutionsCEU4.66▼-3.74.39
 
7.346
Pason SystemsPSI20.61▼-0.616.05
 
21.9680
EnerflexEFX14.23▼-1.713.55
 
19.0824
REFINING & MARKETING
Parkland FuelPKI34.75▲2.723.41
 
34.9396

TSX ENERGY
VERSUS TSX & SUB-SECTORS
S&P 500 ENERGY
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
Exxon MobilXOM81.400.072.16
 
89.3040
ChevronCVX121.33▼-0.8102.92
 
133.8834
MIDSTREAM
Kinder MorganKMI17.70▲0.114.69
 
20.7942
Williams CoWMB28.800.024.00
 
33.6751↑
ONEOKOKE70.15▲0.349.65
 
71.9990
LARGE CAP E&P
ConocoPhillipsCOP69.98▼0.042.27
 
72.5790
EOG ResourcesEOG122.86▲0.481.99
 
128.0376
Occidental PetroleumOXY82.45▼-0.858.44
 
87.6776
Anadarko PetroleumAPC71.06▲0.239.96
 
76.7086↓
Pioneer Natural ResPXD181.31▲0.2125.46
 
213.4040
SERVICES
SchlumbergerSLB65.74▼-0.561.02
 
80.3518
HalliburtonHAL41.54▼-8.138.18
 
57.861
Baker HughesBHGE32.50▲1.625.53
 
38.1027
TechnipFMCFTI29.90▼-0.924.53
 
35.0017
National-Oilwell VarcoNOV42.53▼-1.329.90
 
46.0076
REFINERS
Phillips 66PSX110.44▲0.180.73
 
122.3863↑
Valero EnergyVLO106.28▲0.164.22
 
126.9864
Marathon PetroleumMPC73.00▲0.749.30
 
83.3358
AndeavorANDV137.92▲0.789.58
 
151.8991

SPX PERFORMANCE
VERSUS SPX & SUB-SECTORS
NYSE ADRs
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
Royal Dutch ShellRDS.A69.40▼0.253.64
 
73.8657
TotalTOT61.25▼0.449.40
 
64.5968
BPBP44.25▼0.733.90
 
47.8358
EniE37.80▲0.230.13
 
40.1571
EquinorEQNR25.88▼0.417.25
 
28.0675

UPDATED: DAILY (END-OF-DAY)

SOURCES:
• OIL PRICES REFLECT NEAR MONTH CONTRACT FROM THE NYMEX/CME GROUP
• EQUITY PRICES PROVIDED BY NYSE & TMX GROUP
• CHARTPACKS COURTESY STOCKCHARTS.COM

NOTES:
• OIL PRICES, FUTURES AND DIFFERENTIALS IN USD/BBL
• C5+ = EDMONTON CONDENSATE
• FUTURES CURVES SHOW PRICES FOR NEAR-MONTH CONTRACT (C1) AND NEXT 5-MONTHS (C2-C6)
• TSX SHARE PRICES IN CAD; S&P 500 PRICES IN USD
• ADR: AMERICAN DEPOSITORY RECEIPTS LISTED ON NYSE IN USD
• SHARE PRICE CHANGES (INCL. NEW HIGHS & LOWS) EXCLUDE DIVIDENDS

RANK:
• BASED ON STOCKCHARTS TECHNICAL RANK (SCTR)
• REFLECTS RELATIVE STRENGTH AMONG OTHER ENERGY STOCKS (PERCENTILE RANKING)
• RISING RANK (↑) REFLECTS INCREASING RELATIVE STRENGTH
• FALLING RANK (↓) REFLECTS DECREASING RELATIVE STRENGTH.
The Daily Wrap

The Daily Wrap

The Daily Wrap

The Daily Wrap

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