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

Summary of today's energy market action:
  • Oil prices declined again today after the EIA reported a 3.8 million barrel build in crude stockpiles.
  • Western Canadian Select (WCS) declined over 4%, breaking through the June lows, as the heavy oil discount widened to US$29.60/bbl.
  • Expiry of Brent's September contract flattened contango in near month futures (Nov/Dec). Brent futures remain in backwardation beginning in January 2019.
  • On the TSX, the energy services sub-sector averaged gains for the day, led by Trican Well Services (TCW +5.1%), Secure Energy Services (SES +3.1%) and Mullen Group (MTL +2.1%).
  • Encana (ECA +1.4%) broke a 52-week high on positive Q2 earnings results. Husky Energy (HSE -0.1%) also hit an intraday 52-week high.
  • The entire S&P 500 energy sector posted declines for the day, except for Williams Co (WMB +1.1%) and service provider Helmerich & Payne (HP +0.7%).
  • Producers Anadarko Petroleum (APC -4.9%), Marathon Oil (MRO -3.8%) and Devon Energy (DVN -3.4%) posted the biggest declines on disappointing Q2 earnings.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.39▼2.548.06
 
79.80
WTI$67.66▼1.645.77
 
74.15
CDN LT$61.89▲0.043.56
 
69.32
C5+$66.32▼2.645.62
 
71.40
WCS$38.06▼4.330.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 1   █ JUL 25   █ JUL 18   █ JUL 11   (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
SuncorSU54.29▼-0.938.34
 
55.4794
Imperial OilIMO43.73▼-1.833.43
 
44.9187
Husky EnergyHSE22.09▼-0.114.10
 
22.1596
MIDSTREAM
EnbridgeENB45.87▼-0.737.36
 
53.0076
TransCanadaTRP58.37▼-0.250.28
 
65.1880
Pembina PipelinePPL46.61▼-0.437.60
 
47.0290
Inter PipelineIPL24.79▼0.021.36
 
27.9278
Keyera KEY37.53▼-0.431.20
 
39.4486
Enbridge Income FundENF32.38▼-0.626.36
 
33.0593
Gibson EnergyGEI18.44▲1.215.68
 
19.3891↑
LARGE CAP E&P
Canadian NaturalCNQ47.42▼-0.836.88
 
49.0887
Cenovus EnergyCVE13.03▼-0.29.03
 
14.8472
EncanaECA18.20▲1.411.05
 
18.2995↑
PrairieSkyPSK24.21▼-1.923.51
 
35.909
TourmalineTOU25.55▼-0.617.78
 
27.7895
SERVICES
ShawcorSCL26.12▼-1.423.60
 
30.1033
Mullen Group MTL16.37▲2.114.10
 
17.6290
CES Energy SolutionsCEU4.40▼-1.64.36
 
7.344
Pason SystemsPSI20.26▲1.516.05
 
21.9681
EnerflexEFX14.88▲1.013.55
 
19.0858
REFINING & MARKETING
Parkland FuelPKI34.82▼-1.023.41
 
35.9295↓
S&P 500 ENERGY STOCKS
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
INTEGRATED
Exxon MobilXOM80.39▼-1.472.16
 
89.3026↓
ChevronCVX125.39▼-0.7105.30
 
133.8854
MIDSTREAM
Kinder MorganKMI17.53▼-1.414.69
 
20.4746
Williams CoWMB30.07▲1.124.00
 
33.6775
ONEOKOKE68.12▼-3.349.65
 
71.9980
LARGE CAP E&P
ConocoPhillipsCOP71.81▼-0.542.27
 
72.9494
EOG ResourcesEOG125.57▼-2.681.99
 
131.6079
Occidental PetroleumOXY82.64▼-1.558.44
 
87.6774
Anadarko PetroleumAPC69.57▼-4.939.96
 
76.7072
Pioneer Natural ResPXD187.66▼-0.9125.46
 
213.4050
SERVICES
SchlumbergerSLB66.66▼-1.361.02
 
80.3525
HalliburtonHAL42.06▼-0.938.18
 
57.865
Baker HughesBHGE34.27▼-0.925.53
 
38.1064
TechnipFMCFTI32.26▼-0.924.53
 
35.0052
National-Oilwell VarcoNOV47.42▼-2.529.90
 
49.0898
REFINERS
Phillips 66PSX123.01▼-0.380.73
 
123.9298
Valero EnergyVLO116.78▼-1.364.22
 
126.9897
Marathon PetroleumMPC80.76▼-0.149.30
 
83.3396
AndeavorANDV149.82▼-0.289.58
 
152.9799
NYSE ADRs
COMPANY TICKER CLOSE %CHG L 52WK H RANK 
Royal Dutch ShellRDS.A67.52▼1.254.27
 
73.8641
TotalTOT64.57▼1.049.75
 
65.6987
BPBP44.53▼1.233.90
 
47.8357
EniE38.34▼0.830.13
 
40.1570
EquinorEQNR26.36▼0.418.10
 
28.0680

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 rise despite jump in US dollar

Oil prices rise despite jump in US dollar

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

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

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