Refining stocks stage a small recovery as gasoline prices find a floor

Refining stocks stage a small recovery as gasoline prices find a floor

Summary of today's energy market action:
  • Oil prices end the day higher as the USD index pulls back 0.2%.
  • Energy stocks helped power markets higher today, gaining 0.4% on the TSX and 0.7% on the S&P 500.
  • Energy service stocks were the big winners in Canada, led by Trican Well Services (TCW +8.2%) and CES Energy Solutions (CES +5.9%).
  • After several days of heavy losses, US refining stocks staged a nice recovery, boosting the sub-sector almost 2%.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.21▲0.550.27
 
79.80
WTI$66.43▲0.845.96
 
74.15
CDN LT$57.18▲0.943.56
 
69.32
C5+$64.43▲0.847.17
 
71.40
WCS$40.18▲1.330.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 20   █ AUG 13   █ AUG 6   █ JUL 30   (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
  • Trican Well Services (TCW +8.2%)
  • CES Energy Solutions (CEU +5.9%)
  • Raging River (RRX +3.5%)
  • Precision Drilling (PD +2.7%)
  • Crew Energy (CR +2.6%)
  • 12-MO HIGHS
  • Enbridge Income Fund (ENF +1.6%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Seven Generations (VII -1.9%)
  • PrairieSky (PSK -1.1%)
  • Husky Energy (HSE -1%)
  • Vermilion Energy (VET -0.8%)
  • Mullen Group (MTL -0.7%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU53.10▲0.838.34
     
    55.4789
    Imperial OilIMO40.60▲0.333.43
     
    44.9166
    Husky EnergyHSE21.79▼-1.014.10
     
    22.4396
    MIDSTREAM
    EnbridgeENB47.26▲0.537.36
     
    52.5983
    TransCanadaTRP58.39▲0.850.28
     
    65.1863
    Pembina PipelinePPL46.09▼-0.237.60
     
    47.8480↓
    Inter PipelineIPL24.82▲0.421.36
     
    27.9278↑
    Keyera KEY37.22▼-0.431.20
     
    39.4473↓
    Gibson EnergyGEI19.76▲0.515.68
     
    20.1795
    LARGE CAP E&P
    Cdn Natural ResCNQ44.77▲0.336.88
     
    49.0869
    Cenovus EnergyCVE12.02▲0.59.03
     
    14.8468
    EncanaECA16.32▼-0.611.05
     
    18.5469↓
    PrairieSkyPSK23.34▼-1.123.13
     
    35.9011
    TourmalineTOU21.46▲0.217.78
     
    27.2626
    SERVICES
    ShawcorSCL28.19▲2.423.60
     
    30.1082
    Mullen Group MTL16.29▼-0.714.10
     
    17.6281
    CES Energy SolutionsCEU4.68▲5.94.26
     
    7.3416
    Pason SystemsPSI21.42▲1.616.05
     
    22.1092
    EnerflexEFX16.01▲1.013.55
     
    19.0879
    REFINING & MARKETING
    Parkland FuelPKI40.90▲0.323.41
     
    41.3598
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Transocean (RIG +4%)
  • Baker Hughes (BHGE +3.2%)
  • HollyFrontier (HFC +3%)
  • Chesapeake (CHK +2.6%)
  • Valero Energy (VLO +2.2%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • Pioneer Natural Res (PXD -0.4%)
  • Kinder Morgan (KMI -0.2%)
  • Williams Co (WMB -0.2%)
  • Newfield Exploration (NFX -0.1%)
  • Chevron (CVX 0%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM78.81▲0.772.16
     
    89.3041
    ChevronCVX117.75▼0.0105.30
     
    133.8840
    MIDSTREAM
    Kinder MorganKMI17.91▼-0.214.69
     
    19.8556
    Williams CoWMB30.42▼-0.224.00
     
    33.6767
    ONEOKOKE67.84▲0.549.65
     
    71.9973
    LARGE CAP E&P
    ConocoPhillipsCOP70.52▲1.142.27
     
    73.7691
    EOG ResourcesEOG114.770.081.99
     
    131.6037↓
    Occidental PetroleumOXY79.01▲0.658.44
     
    87.6762
    Anadarko PetroleumAPC62.32▲0.439.96
     
    76.7030
    Pioneer Natural ResPXD172.51▼-0.4125.46
     
    213.4021
    SERVICES
    SchlumbergerSLB63.50▲1.161.02
     
    80.3524
    HalliburtonHAL40.40▲1.138.18
     
    57.868
    Baker HughesBHGE32.01▲3.225.53
     
    38.1051
    TechnipFMCFTI28.34▲1.624.53
     
    35.0020
    National-Oilwell VarcoNOV44.17▲0.829.90
     
    49.0885
    REFINERS
    Phillips 66PSX116.08▲1.380.73
     
    123.9790
    Valero EnergyVLO113.40▲2.264.22
     
    126.9889
    Marathon PetroleumMPC78.76▲2.149.30
     
    83.3386
    AndeavorANDV147.51▲1.889.58
     
    152.9799
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A63.88▲1.154.27
     
    73.8634
    TotalTOT60.68▲1.049.75
     
    65.6950
    BPBP42.38▲1.133.90
     
    47.8347
    EniE36.77▲1.630.81
     
    40.1552
    EquinorEQNR25.52▲1.518.18
     
    28.0659

    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 rebound as USD falls and API reports decline in crude stockpiles

    Oil prices rebound as USD falls and API reports decline in crude stockpiles

    WCS surges over 10% as Canadian heavy discount narrows

    WCS surges over 10% as Canadian heavy discount narrows

    0