Oil prices and equity markets recover some of yesterday’s losses as US/China trade tensions ease

Oil prices and equity markets recover some of yesterday’s losses as US/China trade tensions ease

Summary of today's energy market action:
  • Oil prices and equity markets recovered some of yesterday's losses as trade tensions between the US and China begin to show signs of easing.
  • The WCS discount narrowed to less than US$30/bbl for the first time since early August. The September WCS contract expired today, as the October contract begins trading tomorrow.
  • Energy sector components gained about 0.5% on both the TSX and S&P 500, led higher by heavy-weights Suncor Energy (SU +1.4%) and ConocoPhillips (COP +2.4%).
  • After yesterday's meltdown in gasoline prices, US refining stocks continued their downward slide. Gasoline prices ended Thursday roughly unchanged.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$71.43▲0.950.27
 
79.80
WTI$65.46▲0.745.96
 
74.15
CDN LT$57.17▲0.843.56
 
69.32
C5+$62.32▲0.747.17
 
71.40
WCS$35.73▲1.530.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 16   █ AUG 9   █ AUG 2   █ JUL 26   (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
  • Crew Energy (CR +6%)
  • Gran Tierra (GTE +2.8%)
  • Seven Generations (VII +2.5%)
  • Freehold Royalties (FRU +2.2%)
  • Parex Resources (PXT +2.2%)
  • 12-MO HIGHS
  • Parkland Fuel (PKI +0.4%)
  • 10-YR HIGHS
  • Parkland Fuel (PKI +0.4%)
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Cenovus Energy (CVE -1.4%)
  • TORC Oil & Gas (TOG -1.1%)
  • Nuvista Energy (NVA -1.1%)
  • Trican Well (TCW -1.1%)
  • Tourmaline (TOU -0.6%)
  • 12-MO LOWS
  • CES Energy Solutions (CEU +0.9%)
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU52.27▲1.438.34
     
    55.4788
    Imperial OilIMO40.65▼-0.433.43
     
    44.9167
    Husky EnergyHSE21.73▲0.814.10
     
    22.4396
    MIDSTREAM
    EnbridgeENB45.92▼-0.337.36
     
    52.5970
    TransCanadaTRP57.63▲0.250.28
     
    65.1860
    Pembina PipelinePPL46.16▲0.237.60
     
    47.8485
    Inter PipelineIPL24.56▲1.021.36
     
    27.9273
    Keyera KEY37.32▲0.531.20
     
    39.4483
    Gibson EnergyGEI19.70▼-0.415.68
     
    20.1795
    LARGE CAP E&P
    Cdn Natural ResCNQ44.26▲0.436.88
     
    49.0863
    Cenovus EnergyCVE11.60▼-1.49.03
     
    14.8435
    EncanaECA16.52▼-0.511.05
     
    18.5477
    PrairieSkyPSK23.61▲0.623.13
     
    35.9014
    TourmalineTOU21.29▼-0.617.78
     
    27.2625
    SERVICES
    ShawcorSCL27.69▼-0.423.60
     
    30.1075
    Mullen Group MTL16.09▲0.114.10
     
    17.6278
    CES Energy SolutionsCEU4.37▲0.94.26
     
    7.3410
    Pason SystemsPSI21.16▼-0.216.05
     
    22.1091
    EnerflexEFX15.82▼-0.113.55
     
    19.0876↓
    REFINING & MARKETING
    Parkland FuelPKI41.03▲0.423.41
     
    41.3599
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • ConocoPhillips (COP +2.4%)
  • Cabot Oil & Gas (COG +2.3%)
  • Hess Corp (HES +2%)
  • Concho Resources (CXO +1.7%)
  • Marathon Oil (MRO +1.7%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • Chesapeake (CHK -3.3%)
  • Baker Hughes (BHGE -0.7%)
  • Marathon Petroleum (MPC -0.6%)
  • Andeavor (ANDV -0.6%)
  • Transocean (RIG -0.5%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM78.00▲1.472.16
     
    89.3039
    ChevronCVX117.66▲0.7105.30
     
    133.8841
    MIDSTREAM
    Kinder MorganKMI17.82▲0.514.69
     
    19.8556
    Williams CoWMB30.01▼0.024.00
     
    33.6764↓
    ONEOKOKE67.15▲0.349.65
     
    71.9971
    LARGE CAP E&P
    ConocoPhillipsCOP69.41▲2.442.27
     
    73.7689
    EOG ResourcesEOG115.91▲0.481.99
     
    131.6043↓
    Occidental PetroleumOXY78.02▲1.458.44
     
    87.6759
    Anadarko PetroleumAPC62.31▼0.039.96
     
    76.7029
    Pioneer Natural ResPXD173.09▼-0.4125.46
     
    213.4023↓
    SERVICES
    SchlumbergerSLB62.49▲0.361.02
     
    80.3517
    HalliburtonHAL39.77▲0.238.18
     
    57.866
    Baker HughesBHGE31.58▼-0.725.53
     
    38.1051
    TechnipFMCFTI27.90▲1.124.53
     
    35.0014
    National-Oilwell VarcoNOV43.75▲0.129.90
     
    49.0882↓
    REFINERS
    Phillips 66PSX114.94▼-0.480.73
     
    123.9785↓
    Valero EnergyVLO111.32▼-0.264.22
     
    126.9883
    Marathon PetroleumMPC76.69▼-0.649.30
     
    83.3376↓
    AndeavorANDV144.23▼-0.689.58
     
    152.9798
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A62.87▲1.054.27
     
    73.8629
    TotalTOT59.70▲1.449.75
     
    65.6944
    BPBP41.72▲0.533.90
     
    47.8342
    EniE36.20▲2.030.81
     
    40.1548
    EquinorEQNR24.98▲1.218.10
     
    28.0652

    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.
    WCS surges over 10% as Canadian heavy discount narrows

    WCS surges over 10% as Canadian heavy discount narrows

    Weak Chinese economic data drag commodities, stocks and bond yields lower, sending oil prices tumbling

    Weak Chinese economic data drag commodities, stocks and bond yields lower, sending oil prices tumbling

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