US refining stocks power higher on blow-out second quarter earnings

US refining stocks power higher on blow-out second quarter earnings

Summary of today's energy market action:
  • Despite a stronger US dollar, crude prices all posted gains today on mounting geopolitical tensions in the Middle East. Western Canadian Select (WCS) was the best performer, rising 1.3%.
  • The energy sector as a whole gained about 1% on both sides of the border.
  • In US markets, refining stocks had a stellar day on better than expected earnings from Marathon Petroleum (MPC +7.3%) and Valero Energy (VLO +6.9%).
  • After several days of declines, oilfield services stocks bounced back by 2% on both Cdn and US markets, led higher by Halliburton (HAL +3.7%) and Mullen Group (MTL +6.8%).
  • Decent Q2 numbers helped boost Suncor Energy (SU +2.3%), while Cenovus Energy (CVE -1.1%) posted an unexpected loss for the quarter. Husky Energy (HSE +1.4%) also posted gains after increasing their quarterly dividend.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$74.54▲0.848.06
 
79.80
WTI$69.61▲0.445.77
 
74.15
CDN LT$62.36▲0.543.29
 
69.32
C5+$68.66▲0.545.25
 
71.40
WCS$40.81▲1.330.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ JUL 26   █ JUL 19   █ JUL 12   █ JUL 5   (USD/BBL)
ENERGY SECTORS
ENERGY SUB-SECTORS

TSX ENERGY SUB-SECTORS
VERSUS TSX & CDN ENERGY SECTOR

SPX ENERGY SUB-SECTOR
VERSUS SPX & US ENERGY SECTOR
TSX ENERGY STOCKS
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
SuncorSU54.34▲2.338.11
 
55.3593
Imperial OilIMO44.05▲1.733.43
 
44.9190↑
Husky EnergyHSE20.94▲1.414.10
 
21.3092
MIDSTREAM
EnbridgeENB45.93▲0.837.36
 
53.0075
TransCanadaTRP58.51▲0.450.28
 
65.1879↑
Pembina PipelinePPL46.11▼-0.237.60
 
47.0286
Inter PipelineIPL24.69▲0.421.36
 
27.9263↑
Keyera KEY37.17▼-1.531.20
 
39.9378
Enbridge Income FundENF32.52▲0.826.36
 
33.0594
Gibson EnergyGEI17.55▲0.315.68
 
19.3849
LARGE CAP E&P
Canadian NaturalCNQ47.05▼0.036.88
 
49.0885
Cenovus EnergyCVE13.39▼-1.19.03
 
14.8471
EncanaECA17.20▼-0.311.05
 
18.0681
PrairieSkyPSK24.51▲0.923.51
 
35.908
TourmalineTOU25.12▲2.417.78
 
28.7492↑
SERVICES
ShawcorSCL26.53▲3.523.60
 
30.1034
Mullen Group MTL16.43▲6.814.10
 
17.6289
CES Energy SolutionsCEU4.53▲1.64.39
 
7.344
Pason SystemsPSI20.61▲0.216.05
 
21.9681
EnerflexEFX14.89▲1.613.55
 
19.0848
REFINING & MARKETING
Parkland FuelPKI35.40▲1.423.41
 
35.9297
S&P 500 ENERGY STOCKS
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
Exxon MobilXOM84.24▲0.872.16
 
89.3051
ChevronCVX123.95▼-0.8104.20
 
133.8838
MIDSTREAM
Kinder MorganKMI18.03▲0.714.69
 
20.6050↑
Williams CoWMB29.46▲0.124.00
 
33.6760↑
ONEOKOKE71.29▲0.649.65
 
71.9991
LARGE CAP E&P
ConocoPhillipsCOP71.80▲0.542.27
 
72.5792
EOG ResourcesEOG128.86▲0.481.99
 
129.7586
Occidental PetroleumOXY84.16▼-0.258.44
 
87.6780
Anadarko PetroleumAPC73.33▲0.039.96
 
76.7089
Pioneer Natural ResPXD188.45▼-0.1125.46
 
213.4048
SERVICES
SchlumbergerSLB66.86▲1.661.02
 
80.3520
HalliburtonHAL41.31▲3.738.18
 
57.862
Baker HughesBHGE34.02▲2.325.53
 
38.1059↑
TechnipFMCFTI31.16▲4.324.53
 
35.0031
National-Oilwell VarcoNOV42.52▲0.529.90
 
46.0073
REFINERS
Phillips 66PSX116.00▲3.380.73
 
122.3885↑
Valero EnergyVLO116.83▲6.964.22
 
126.9894↑
Marathon PetroleumMPC80.16▲7.349.30
 
83.3393↑
AndeavorANDV148.96▲6.089.58
 
151.8998
NYSE ADRs
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
Royal Dutch ShellRDS.A67.76▼3.754.27
 
73.8636
TotalTOT63.13▲1.149.75
 
64.5976↑
BPBP44.53▼1.133.90
 
47.8353
EniE38.12▼0.730.13
 
40.1567
EquinorEQNR25.89▼1.817.75
 
28.0665

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.
WCS breaks below US$40, declining 35% since mid-July

WCS breaks below US$40, declining 35% since mid-July

Bullish US inventory report sends oil prices higher

Bullish US inventory report sends oil prices higher

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