Trump talks down the US dollar, giving oil prices a boost

Trump talks down the US dollar, giving oil prices a boost

Summary of today's energy market action:
  • Oil prices rallied today on news that Saudi Arabia has decided to hold output steady for the month of July. A declining US dollar also helped give crude prices a boost.
  • On the TSX, most energy names declined for the day, particularly large cap integrated names and producers.
  • Higher bond yields were a drag on large pipeline players, particularly TransCanada (TRP -2.3%) and Enbridge (-2.9%), reversing some of yesterday's gains.
  • Refiners were the worst hit in US markets, dragging the S&P 500 energy sector down an average of 0.4%.
  • Most global ADRs ended the day in the green as a weaker greenback boosted the euro and British pound.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$73.07▲0.747.52
 
79.80
WTI$70.46▲1.445.04
 
74.15
CDN LT$63.61▲1.042.16
 
69.32
C5+$69.36▲1.544.31
 
71.40
WCS$44.16▲1.630.41
 
56.21
TSX ENERGY
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
SuncorSU54.00▼0.238.07
 
55.3592
Imperial OilIMO42.73▼1.033.43
 
44.9178
Husky EnergyHSE20.26▼0.114.09
 
21.3090
MIDSTREAM
EnbridgeENB45.41▼2.937.36
 
53.0061
TransCanadaTRP58.06▼2.350.28
 
65.1868
Pembina PipelinePPL46.00▼0.737.60
 
47.0283↑
Inter PipelineIPL24.37▲0.221.36
 
27.9238
Keyera KEY37.35▲0.931.20
 
40.1481↑
Enbridge Income FundENF32.20▼1.726.36
 
33.0592
Gibson EnergyGEI17.52▲0.715.68
 
19.3857
LARGE CAP E&P
Canadian NaturalCNQ46.27▼0.836.75
 
49.0882
Cenovus EnergyCVE13.30▼1.69.03
 
14.8475↓
EncanaECA17.01▼1.111.05
 
18.0678
PrairieSkyPSK25.15▲0.224.28
 
35.909
TourmalineTOU24.31▼0.317.78
 
28.7486
SERVICES
ShawcorSCL26.67▼0.323.60
 
30.1050
Mullen Group MTL16.03▼0.714.10
 
17.6285
CES Energy SolutionsCEU4.84▲1.34.39
 
7.3410
Pason SystemsPSI20.74▼0.716.05
 
21.9685
EnerflexEFX14.48▼1.413.55
 
19.0838
Parkland FuelPKI33.85▼1.023.41
 
34.5394

TSX ENERGY
VERSUS TSX & SUB-SECTORS
S&P 500 ENERGY
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
Exxon MobilXOM81.40▼0.772.16
 
89.3041
ChevronCVX122.27▲0.5102.92
 
133.8838
MIDSTREAM
Kinder MorganKMI17.69▼1.714.69
 
21.2542
Williams CoWMB28.80▲0.424.00
 
33.6751↑
ONEOKOKE69.93▼0.749.65
 
71.9991
LARGE CAP E&P
ConocoPhillipsCOP70.01▲0.542.27
 
72.5791
EOG ResourcesEOG122.35▼0.081.99
 
128.0374
Occidental PetroleumOXY83.08▲0.158.44
 
87.6780
Anadarko PetroleumAPC70.95▼0.239.96
 
76.7087
Pioneer Natural ResPXD180.95▼1.1125.46
 
213.4040
SERVICES
SchlumbergerSLB66.09▼1.261.02
 
80.3520
HalliburtonHAL45.20▲0.538.18
 
57.8614
Baker HughesBHGE32.00▲0.725.53
 
38.1023
TechnipFMCFTI30.18▲0.324.53
 
35.0022
National-Oilwell VarcoNOV43.10▼0.229.90
 
46.0082
REFINERS
Phillips 66PSX110.36▼0.580.73
 
122.3862
Valero EnergyVLO106.21▼0.764.22
 
126.9863
Marathon PetroleumMPC72.52▼0.549.30
 
83.3353
AndeavorANDV136.94▼0.489.58
 
151.8989

SPX PERFORMANCE
VERSUS SPX & SUB-SECTORS
NYSE ADRs
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
Royal Dutch ShellRDS.A69.53▲0.553.64
 
73.8661
TotalTOT61.49▼0.149.40
 
64.5970
BPBP44.54▲0.233.90
 
47.8363
EniE37.73▲0.630.13
 
40.1571
EquinorEQNR25.97▲0.517.25
 
28.0676

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.
Halliburton warns of slowing demand growth out of the Permian, sending oil field services stocks lower

Halliburton warns of slowing demand growth out of the Permian, sending oil field services stocks lower

Midstream stocks rally as FERC makes concessions for natural gas pipeline operators

Midstream stocks rally as FERC makes concessions for natural gas pipeline operators

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