Oil prices dip slightly on light trading volumes

Oil prices dip slightly on light trading volumes

Editor's note: US exchanges, including the CME Group, were closed for Thanksgiving. Markets re-open tomorrow for a shortened trading session. Oil prices reflect implied prices, based on electronic trading. Discounts on Canadian oil represent Wednesday closing price. No data provided for NYSE listings.

 

Today's energy market summary:

  • Oil price slid in electronic trading today, as US markets remain closed for the Thanksgiving holiday.

  • Brent and WTI both declined 1.4%. Henry Hub is also set to open Friday morning 4% lower.

  • In Toronto, the TSX ended Thursday unchanged, with the energy sector posting a 0.5% increase on light trading volumes. Midstream stocks posted the biggest loses, while large-cap producers had a relative good day.

Today's notable energy news:

  • After being taken offline last Thursday due to a severe storm, Newfoundland's offshore regulator has cleared the Hibernia platform for restart. Hibernia averages about 150,000 bbl/day and is operated by ExxonMobil (XOM).

  • Husky Energy's (HSE.TO -0.9%) White Rose platform remains offline until a full investigation is completed. White Rose produces about 27,500 bbl/day, and is jointly owned with Suncor Energy (SU.TO +0.9%).

  • Trinidad Drilling (TDG.TO +2.4%) says it will waiver its Shareholder Rights Plan effective tomorrow, allowing Ensign Energy (ESI.TO -1.5%) to continue buying up shares. The company says the plan is no longer required given its pending merger with Precision Drilling (PD.TO n/c). Ensign says it welcomes the news, and encourages TDG shareholders to tender their shares by November 27, 2018.

OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$62.62▼1.461.22
 
86.29
WTI$53.85▼1.453.43
 
76.41
CDN LT$26.85▼2.820.83
 
69.32
C5+$40.60▼1.937.76
 
71.40
WCS$18.10▼4.112.59
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ NOV 21   █ NOV 14   █ NOV 7   █ OCT 31   (USD/BBL)
MARKET OVERVIEW
MARKETS
CURRENCIES & YIELDS
    TSX SECTORS
52-WK
ENERGY SECTORS

TSX ENERGY SUB-SECTORS
TSX ENERGY STOCKS
TSX BULLISH INDICATORS
TOP 5
  • Whitecap Res (WCP +3%)
  • MEG Energy (MEG +2.8%)
  • Baytex Energy (BTE +2.4%)
  • ARC Resources (ARX +2.4%)
  • Vermilion Energy (VET +2.2%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • CES Energy (CEU -3.4%)
  • PrairieSky (PSK -1.8%)
  • Trican Well Svc (TCW -1.5%)
  • Ensign Energy Svcs (ESI -1.5%)
  • Advantage O&G (AAV -1.3%)
  • 12-MO LOWS
  • Shawcor (SCL -0.8%)
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK  CHARTS
    INTEGRATED
    Suncor EnergySU44.89▲0.940.49
     
    55.4740D   W
    Imperial OilIMO40.36▲0.233.43
     
    44.9162D   W
    Husky EnergyHSE16.20▼-0.915.09
     
    22.9917D   W
    MIDSTREAM
    EnbridgeENB44.02▼-0.737.36
     
    51.0492D   W
    TransCanadaTRP53.75▼-0.348.92
     
    64.4784D   W
    Pembina PipelinePPL43.91▼-0.737.60
     
    47.8482D   W
    Inter PipelineIPL22.08▼-0.120.68
     
    27.9260D   W
    Keyera KEY29.23▼-0.128.45
     
    38.9120D   W
    Gibson EnergyGEI21.46▲0.615.68
     
    23.3297D   W
    LARGE CAP E&P
    Cdn Natural ResCNQ35.79▲0.534.75
     
    49.0820D   W
    EncanaECA9.89▲0.69.30
     
    18.543D   W
    Cenovus EnergyCVE10.09▼-0.49.03
     
    14.8413D   W
    TourmalineTOU20.19▲0.617.78
     
    26.1933↑D   W
    Seven GenerationsVII11.86▲0.511.51
     
    19.409D   W
    SERVICES
    ShawcorSCL20.63▼-0.820.47
     
    29.5013D   W
    Pason SystemsPSI21.57▲0.216.05
     
    24.5793D   W
    Mullen Group MTL13.14▼-0.513.01
     
    16.9326D   W
    EnerflexEFX17.12▼-0.713.55
     
    18.7295D   W
    Secure EnergySES8.05▼-0.56.98
     
    9.8278D   W
    REFINING & MARKETING
    Parkland FuelPKI37.81▼-1.025.02
     
    47.4592D   W
    ANALYST RATINGS

    UPGRADES

    • None

    DOWNGRADES

    • Cardinal Energy (CJ.TO): Downgraded from Outperform to Neutral at CIBC.


    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 (DIVIDEND ADJUSTED)

    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.
    Energy stocks tumble to new lows as oil prices take another beating

    Energy stocks tumble to new lows as oil prices take another beating

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