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

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

Summary of today's energy market action:
  • Crude prices gave back some of yesterday's gains, as Brent dipped US$0.25 while WTI declined almost US$1 a barrel.
  • Western Canadian Select (WCS) fell almost 3% for the day, breaking below the US$40/bbl mark. WCS is now down over 35% in just two weeks.
  • A mixed bag for energy stocks on both sides of the border, with the sector as a whole declining an average of 0.5%.
  • On the TSX, Cenovus Energy (CVE-3.1%) was today's worst performer among the large cap producers. MEG Energy (MEG -4.0%), had another ugly day, and is now down 25% since the beginning of the month.
  • On the S&P 500, midstream stocks and producers mostly ended the day in the red. The services sub-sector was once again the best performer (+1.8%), led by gains in National Oilwell Varco (NOV +10.3%) who posted better than expected Q2 results, helping it power to a new 52-week high.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$74.29▼0.348.06
 
79.80
WTI$68.69▼1.345.77
 
74.15
CDN LT$61.69▼1.143.29
 
69.32
C5+$68.19▼0.745.25
 
71.40
WCS$39.69▼2.730.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ JUL 27   █ JUL 20   █ JUL 13   █ JUL 6   (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
SuncorSU54.81▲0.938.11
 
55.3596
Imperial OilIMO43.66▼-0.933.43
 
44.9188
Husky EnergyHSE21.21▲1.314.10
 
21.3495
MIDSTREAM
EnbridgeENB45.62▼-0.737.36
 
53.0071
TransCanadaTRP57.62▼-1.550.28
 
65.1871
Pembina PipelinePPL45.66▼-1.037.60
 
47.0284
Inter PipelineIPL24.47▼-0.921.36
 
27.9260
Keyera KEY37.46▲0.831.20
 
39.7584
Enbridge Income FundENF32.36▼-0.526.36
 
33.0594
Gibson EnergyGEI17.62▲0.415.68
 
19.3858
LARGE CAP E&P
Canadian NaturalCNQ46.79▼-0.636.88
 
49.0884
Cenovus EnergyCVE12.97▼-3.19.03
 
14.8451
EncanaECA17.16▼-0.211.05
 
18.0684
PrairieSkyPSK24.15▼-1.523.51
 
35.906
TourmalineTOU25.28▲0.617.78
 
28.4694↑
SERVICES
ShawcorSCL26.71▲0.723.60
 
30.1046
Mullen Group MTL16.29▼-0.914.10
 
17.6289
CES Energy SolutionsCEU4.47▼-1.34.39
 
7.344
Pason SystemsPSI20.47▼-0.716.05
 
21.9680
EnerflexEFX14.93▲0.313.55
 
19.0855
REFINING & MARKETING
Parkland FuelPKI35.36▼-0.123.41
 
35.9297
S&P 500 ENERGY STOCKS
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
Exxon MobilXOM81.92▼-2.872.16
 
89.3036
ChevronCVX125.97▲1.6104.61
 
133.8853
MIDSTREAM
Kinder MorganKMI17.90▼-0.714.69
 
20.5649
Williams CoWMB29.10▼-1.224.00
 
33.6754
ONEOKOKE70.12▼-1.649.65
 
71.9990
LARGE CAP E&P
ConocoPhillipsCOP71.45▼-0.542.27
 
72.5794
EOG ResourcesEOG129.15▲0.281.99
 
130.4989
Occidental PetroleumOXY83.47▼-0.858.44
 
87.6780
Anadarko PetroleumAPC72.40▼-1.339.96
 
76.7089
Pioneer Natural ResPXD186.02▼-1.3125.46
 
213.4042↓
SERVICES
SchlumbergerSLB67.04▲0.361.02
 
80.3523↑
HalliburtonHAL41.80▲1.238.18
 
57.863↑
Baker HughesBHGE34.73▲2.125.53
 
38.1080↑
TechnipFMCFTI32.49▲4.324.53
 
35.0062
National-Oilwell VarcoNOV46.91▲10.329.90
 
46.9498
REFINERS
Phillips 66PSX118.79▲2.480.73
 
122.3893↑
Valero EnergyVLO116.35▼-0.464.22
 
126.9896↑
Marathon PetroleumMPC80.99▲1.149.30
 
83.3396↑
AndeavorANDV150.31▲0.989.58
 
151.8999
NYSE ADRs
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
Royal Dutch ShellRDS.A68.03▲0.454.27
 
73.8638
TotalTOT64.03▲1.449.75
 
64.5987↑
BPBP44.51▼0.033.90
 
47.8357
EniE37.77▼0.930.13
 
40.1565↓
EquinorEQNR26.03▲0.518.10
 
28.0674

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.
Energy sector posts gains despite declines in broader markets

Energy sector posts gains despite declines in broader markets

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

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

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