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

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

Summary of today's energy market action:
  • Oil prices gave back yesterday's gains on news that OPEC boosted output in July and Russia plans to top its 30-year high of 11 million bbl/day.
  • The Canadian energy sector had a stellar day, with most names ending the day in the green. Today's big winners on the TSX include Parex Resources (PXT +3.0%), Trican Well Service (TCW +2.2%) and Gran Tierra (GET +2.1%). On the opposite end of the spectrum are Birchcliff Energy (BIR -3.4%) and Baytex Energy (BTE -3.4%), who reported its second consecutive quarterly losses today.
  • US energy stocks had a less exciting day, with the overall sector dipping 0.3%. Gains and losses were about evenly split, with heavy-weight Chevron (CVX -1.2%) leading the sector lower while refiners Phillips 66 (PSX +1%) and Valero (VLO +0.9%) posted gains for the day. Phillips 66 and Andeavor (ANDV -0.5%) hit fresh all-time highs today, while National-Oilwell Varco (NOV +1.1%) hit a new 52-week high.
  • Big Oil ADRs listed on the NYSE all posted gains for the day. BP (BP +1.5%) boosted its dividend for the first time in four years, while French energy major Total (TOT +1.5%) hit a new 52-week high.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$74.25▼1.048.06
 
79.80
WTI$68.76▼2.045.77
 
74.15
CDN LT$61.86▼2.243.56
 
69.32
C5+$68.06▼2.345.62
 
71.40
WCS$39.76▼3.330.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ JUL 31   █ JUL 24   █ JUL 17   █ JUL 10   (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
SuncorSU54.78▼-0.638.34
 
55.4795
Imperial OilIMO44.55▲1.233.43
 
44.9192
Husky EnergyHSE22.12▲1.714.10
 
22.1597
MIDSTREAM
EnbridgeENB46.20▲0.437.36
 
53.0078
TransCanadaTRP58.51▲1.450.28
 
65.1878
Pembina PipelinePPL46.80▲1.537.60
 
47.0290
Inter PipelineIPL24.80▲1.121.36
 
27.9280
Keyera KEY37.66▲1.131.20
 
39.4487
Enbridge Income FundENF32.58▲0.526.36
 
33.0594
Gibson EnergyGEI18.22▲1.515.68
 
19.3888
LARGE CAP E&P
Canadian NaturalCNQ47.80▲0.636.88
 
49.0891
Cenovus EnergyCVE13.05▼-0.69.03
 
14.8469
EncanaECA17.95▲2.111.05
 
18.0694
PrairieSkyPSK24.68▲1.823.51
 
35.9010
TourmalineTOU25.70▲1.717.78
 
28.0396↑
SERVICES
ShawcorSCL26.50▲1.523.60
 
30.1042
Mullen Group MTL16.04▲0.414.10
 
17.6284
CES Energy SolutionsCEU4.47▲0.54.39
 
7.346
Pason SystemsPSI19.96▼-1.716.05
 
21.9665
EnerflexEFX14.73▲1.413.55
 
19.0842
REFINING & MARKETING
Parkland FuelPKI35.18▲0.723.41
 
35.9296
S&P 500 ENERGY STOCKS
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
Exxon MobilXOM81.51▼-0.372.16
 
89.3032
ChevronCVX126.27▼-1.2105.30
 
133.8857
MIDSTREAM
Kinder MorganKMI17.78▲0.214.69
 
20.5154
Williams CoWMB29.75▲0.624.00
 
33.6770
ONEOKOKE70.44▼-0.249.65
 
71.9992
LARGE CAP E&P
ConocoPhillipsCOP72.17▼-0.142.27
 
72.9496
EOG ResourcesEOG128.94▼-0.781.99
 
131.6090
Occidental PetroleumOXY83.93▲0.758.44
 
87.6785
Anadarko PetroleumAPC73.15▼-0.839.96
 
76.7092
Pioneer Natural ResPXD189.27▼-1.1125.46
 
213.4058
SERVICES
SchlumbergerSLB67.52▼-0.161.02
 
80.3532↑
HalliburtonHAL42.42▲0.338.18
 
57.865
Baker HughesBHGE34.58▼-0.325.53
 
38.1072
TechnipFMCFTI32.55▼-2.324.53
 
35.0063
National-Oilwell VarcoNOV48.62▲1.129.90
 
49.0899↑
REFINERS
Phillips 66PSX123.34▲1.080.73
 
123.8897
Valero EnergyVLO118.35▲0.964.22
 
126.9897
Marathon PetroleumMPC80.83▼-0.849.30
 
83.3397
AndeavorANDV150.06▼-0.589.58
 
152.9799
NYSE ADRs
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
Royal Dutch ShellRDS.A68.37▲0.254.27
 
73.8644
TotalTOT65.25▲1.549.75
 
65.6991↑
BPBP45.09▲1.533.90
 
47.8367
EniE38.66▲1.630.13
 
40.1580
EquinorEQNR26.46▲1.018.10
 
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.
Energy stocks follow oil prices lower after big build in US crude stockpiles

Energy stocks follow oil prices lower after big build in US crude stockpiles

Energy sector posts gains despite declines in broader markets

Energy sector posts gains despite declines in broader markets

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