Energy sector posts gains despite declines in broader markets

Energy sector posts gains despite declines in broader markets

Summary of today's energy market action:
  • Crude prices all rallied today, with WTI peeking above US$70 a barrel and WCS moving back above US$40.
  • The energy sector posted gains on both sides of the border today, despite declines in the broader markets.
  • Continuing on the trend from last week, US refining stocks were once again the best performing sub-sector, while Canadian energy services dragged the TSX energy index lower.
  • Among the TSX large caps, Husky Energy (HSE +2.6%) and Encana (ECA +2.5%) posted the biggest gains, with HSE hitting a new 52-wk high. Among the smaller cap names, Paramount Resources (POU +3.6%) was today's best performer, while Vermilion Energy (VET -4.7%) posted the biggest declines after reporting a Q2 net loss.
  • On the S&P 500, refining stocks powered higher again today with Phillips 66 (PSX +2.8%) and Andeavor (ANDV +0.3%) breaking out to new record highs. Oilfield services provider National-Oilwell Varco (NOV +2.5%) continues to rally from the lows of last year, reaching a new 52-wk high. Producers ConocoPhillips (COP +1.1%) and EOG Resources (EOG +0.6%) also hit new highs today.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$74.97▲0.948.06
 
79.80
WTI$70.13▲2.145.77
 
74.15
CDN LT$63.23▲2.543.56
 
69.32
C5+$69.63▲2.145.25
 
71.40
WCS$41.13▲3.630.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ JUL 30   █ JUL 23   █ JUL 16   █ JUL 9   (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
SuncorSU55.09▲0.538.34
 
55.3596
Imperial OilIMO44.04▲0.933.43
 
44.9191
Husky EnergyHSE21.75▲2.614.10
 
21.9897
MIDSTREAM
EnbridgeENB46.00▲0.837.36
 
53.0075
TransCanadaTRP57.73▲0.250.28
 
65.1873
Pembina PipelinePPL46.10▲1.037.60
 
47.0290
Inter PipelineIPL24.53▲0.321.36
 
27.9273
Keyera KEY37.25▼-0.631.20
 
39.4484
Enbridge Income FundENF32.43▲0.826.36
 
33.0594
Gibson EnergyGEI17.95▲1.915.68
 
19.3882
LARGE CAP E&P
Canadian NaturalCNQ47.51▲1.536.88
 
49.0890
Cenovus EnergyCVE13.13▲1.29.03
 
14.8474
EncanaECA17.58▲2.511.05
 
18.0691
PrairieSkyPSK24.25▲0.723.51
 
35.908
TourmalineTOU25.280.017.78
 
28.4695↑
SERVICES
ShawcorSCL26.12▼-2.223.60
 
30.1031
Mullen Group MTL15.98▼-1.614.10
 
17.6284
CES Energy SolutionsCEU4.45▼-0.34.39
 
7.345
Pason SystemsPSI20.30▼-0.816.05
 
21.9678
EnerflexEFX14.53▼-2.713.55
 
19.0833
REFINING & MARKETING
Parkland FuelPKI34.94▼-1.223.41
 
35.9296
S&P 500 ENERGY STOCKS
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
Exxon MobilXOM81.74▼-0.272.16
 
89.3036
ChevronCVX127.83▲1.4105.30
 
133.8870
MIDSTREAM
Kinder MorganKMI17.75▲0.314.69
 
20.5655
Williams CoWMB29.57▲1.624.00
 
33.6769
ONEOKOKE70.58▲0.749.65
 
71.9993
LARGE CAP E&P
ConocoPhillipsCOP72.27▲1.142.27
 
72.9496
EOG ResourcesEOG129.90▲0.681.99
 
131.6092
Occidental PetroleumOXY83.31▼-0.258.44
 
87.6784
Anadarko PetroleumAPC73.71▲1.839.96
 
76.7095
Pioneer Natural ResPXD191.27▲2.8125.46
 
213.4069
SERVICES
SchlumbergerSLB67.58▲0.861.02
 
80.3530↑
HalliburtonHAL42.29▲1.238.18
 
57.864
Baker HughesBHGE34.69▼-0.125.53
 
38.1079
TechnipFMCFTI33.33▲2.624.53
 
35.0080
National-Oilwell VarcoNOV48.10▲2.529.90
 
48.4999
REFINERS
Phillips 66PSX122.15▲2.880.73
 
122.7198↑
Valero EnergyVLO117.26▲0.864.22
 
126.9897↑
Marathon PetroleumMPC81.50▲0.649.30
 
83.3398↑
AndeavorANDV150.80▲0.389.58
 
152.3399
NYSE ADRs
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
Royal Dutch ShellRDS.A68.25▲0.354.27
 
73.8644
TotalTOT64.26▲0.449.75
 
64.9690↑
BPBP44.41▼0.233.90
 
47.8360
EniE38.06▲0.930.13
 
40.1573
EquinorEQNR26.20▲0.718.10
 
28.0683

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.
Oil prices reverse yesterday’s gains as OPEC and Russia boost output

Oil prices reverse yesterday’s gains as OPEC and Russia boost output

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

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

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