Energy stocks retreat as global equity markets take a tumble

Energy stocks retreat as global equity markets take a tumble

Summary of today's energy market action:
  • Oil prices slid lower today as the US dollar continues to strengthen and OPEC lowered its oil demand growth forecast for 2018 and 2019.
  • Energy sector components followed the broader markets lower on both sides of the border today.
  • Smaller cap producers were once again the worst performers among TSX energy names, while select service providers posted gains.
  • Ensign Energy Services (ESI +5.5%) was a notable bright spot on the TSX on news of a hostile bid for Trinidad Drilling (TDG +14.6%).
  • All S&P 500 energy components ended the day lower, with declines seen across all sub-sectors.
  • A falling Euro and pound sent most ADRs lower again today.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.61▼0.350.27
 
79.80
WTI$67.20▼0.645.96
 
74.15
CDN LT$58.42▼0.943.56
 
69.32
C5+$64.49▼2.447.17
 
71.40
WCS$37.11▼1.030.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 13   █ AUG 6   █ JUL 30   █ JUL 23   (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
TSX BULLISH INDICATORS
TOP 5 GAINERS
  • Husky Energy (HSE +1.6%)
  • Shawcor (SCL +1%)
  • Pason Systems (PSI +1%)
  • Ensign Energy Services (ESI +5.6%)
  • Paramount Resources (POU +1.2%)
  • 12-MO HIGHS
  • Husky Energy (HSE +1.6%)
  • Parkland Fuel (PKI -0.4%)
  • 10-YR HIGHS
  • Parkland Fuel (PKI -0.4%)
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    TOP 5 LOSERS
  • Baytex Energy (BTE -4.2%)
  • Enerplus (ERF -3.3%)
  • Gran Tierra (GTE -4.3%)
  • MEG Energy (MEG -4%)
  • Raging River (RRX -4%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU53.16▼-0.538.34
     
    55.4789
    Imperial OilIMO41.65▼-0.533.43
     
    44.9173
    Husky EnergyHSE22.17▲1.614.10
     
    22.2697↑
    MIDSTREAM
    EnbridgeENB46.91▼-0.337.36
     
    52.5980
    TransCanadaTRP57.60▼-0.450.28
     
    65.1868
    Pembina PipelinePPL46.18▲0.337.60
     
    47.8485
    Inter PipelineIPL24.310.021.36
     
    27.9260
    Keyera KEY37.70▼-0.331.20
     
    39.4486
    Gibson EnergyGEI19.87▼-0.815.68
     
    20.1797↑
    LARGE CAP E&P
    Cdn Natural ResCNQ45.29▼-1.036.88
     
    49.0878
    Cenovus EnergyCVE13.00▼-0.29.03
     
    14.8488
    EncanaECA17.29▼-2.511.05
     
    18.5489
    PrairieSkyPSK23.70▲0.623.20
     
    35.9011
    TourmalineTOU22.49▼-1.917.78
     
    27.2649
    SERVICES
    ShawcorSCL28.35▲1.023.60
     
    30.1087↑
    Mullen Group MTL16.26▼-0.114.10
     
    17.6283
    CES Energy SolutionsCEU4.65▼-1.14.27
     
    7.3413
    Pason SystemsPSI21.31▲1.016.05
     
    22.1093
    EnerflexEFX16.51▼-0.413.55
     
    19.0890
    REFINING & MARKETING
    Parkland FuelPKI40.34▼-0.423.41
     
    41.0498
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5 GAINERS
  • None
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    TOP 5 LOSERS
  • Williams Co (WMB -3.5%)
  • Chesapeake (CHK -4.7%)
  • Newfield Exploration (NFX -3.2%)
  • Transocean (RIG -8.4%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM78.56▼-1.172.16
     
    89.3040
    ChevronCVX122.44▼-0.7105.30
     
    133.8856
    MIDSTREAM
    Kinder MorganKMI17.84▼-1.814.69
     
    19.8557
    Williams CoWMB30.69▼-3.124.00
     
    33.6777
    ONEOKOKE68.04▼-1.349.65
     
    71.9979
    LARGE CAP E&P
    ConocoPhillipsCOP71.07▼-1.242.27
     
    73.7694
    EOG ResourcesEOG121.50▼-1.081.99
     
    131.6074
    Occidental PetroleumOXY78.14▼-0.858.44
     
    87.6755
    Anadarko PetroleumAPC66.34▼-0.739.96
     
    76.7060↑
    Pioneer Natural ResPXD183.12▼-1.6125.46
     
    213.4048
    SERVICES
    SchlumbergerSLB64.97▼-1.661.02
     
    80.3529
    HalliburtonHAL40.85▼-2.638.18
     
    57.868
    Baker HughesBHGE34.12▼-0.325.53
     
    38.1088↑
    TechnipFMCFTI29.23▼-2.624.53
     
    35.0026
    National-Oilwell VarcoNOV45.00▼-1.829.90
     
    49.0893
    REFINERS
    Phillips 66PSX121.57▼-0.880.73
     
    123.9795
    Valero EnergyVLO114.79▼-0.564.22
     
    126.9894
    Marathon PetroleumMPC80.09▼-1.049.30
     
    83.3392
    AndeavorANDV148.81▼-1.089.58
     
    152.9799↑
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A64.12▼-1.254.27
     
    73.8636
    TotalTOT61.51▼-0.649.75
     
    65.6962↓
    BPBP42.68▼-0.733.90
     
    47.8354
    EniE36.39▼-0.130.13
     
    40.1552
    EquinorEQNR25.71▲0.118.10
     
    28.0670

    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 slump as US dollar hits 1-yr high and API reports inventory build

    Oil prices slump as US dollar hits 1-yr high and API reports inventory build

    Canadian Light differential widens, sending prices back to June lows

    Canadian Light differential widens, sending prices back to June lows

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