Midstream stocks take a hit as bond yields move higher

Midstream stocks take a hit as bond yields move higher

Summary of today's energy market action:
  • Oil prices and energy stocks gave back some of yesterday's gains.
  • A sea of red across all energy subsectors today on both Canadian and US markets.
  • Midstream stocks were once again the worst performing energy subsector, as short and long-term bond yields all moved higher.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$75.95▼0.350.27
 
79.80
WTI$68.53▼0.545.96
 
74.15
CDN LT$59.28▼0.643.56
 
69.32
C5+$65.78▼0.547.17
 
71.40
WCS$41.78▼0.830.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 28   █ AUG 21   █ AUG 14   █ AUG 7   (USD/BBL)
ENERGY SECTORS
ENERGY SUB-SECTORS

TSX ENERGY SUB-SECTORS
VERSUS TSX & CDN ENERGY SECTOR

SPX ENERGY SUB-SECTORS
VERSUS SPX & US ENERGY SECTOR
TSX ENERGY STOCKS
TSX BULLISH INDICATORS
TOP 5
  • Enerflex (EFX +1.5%)
  • Peyto Exploration (PEY +1.1%)
  • Parkland Fuel (PKI +1.1%)
  • Advantage Oil & Gas (AAV +0.5%)
  • Nuvista Energy (NVA +0.4%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Trican Well (TCW -4.1%)
  • Baytex Energy (BTE -2.8%)
  • Gran Tierra (GTE -2.6%)
  • Crescent Point (CPG -2.2%)
  • Keyera (KEY -2%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU53.62▼-1.038.34
     
    55.4790
    Imperial OilIMO40.89▼-1.633.43
     
    44.9167
    Husky EnergyHSE21.83▼-0.414.30
     
    22.4394
    MIDSTREAM
    EnbridgeENB45.31▼-1.737.36
     
    52.5971
    TransCanadaTRP57.17▼-0.750.28
     
    65.1848
    Pembina PipelinePPL45.12▼-1.137.60
     
    47.8467
    Inter PipelineIPL24.69▼-0.921.36
     
    27.9276
    Keyera KEY36.95▼-2.031.20
     
    39.4475
    Gibson EnergyGEI19.89▲0.115.68
     
    20.1793
    LARGE CAP E&P
    Cdn Natural ResCNQ45.68▼-1.136.88
     
    49.0877
    Cenovus EnergyCVE12.53▼-1.39.03
     
    14.8487
    EncanaECA16.83▼-0.611.05
     
    18.5485
    PrairieSkyPSK24.00▼-1.123.13
     
    35.9012
    TourmalineTOU21.90▼-0.517.78
     
    27.2640
    SERVICES
    ShawcorSCL28.53▼-0.223.60
     
    30.1085
    Mullen Group MTL16.37▼-0.914.10
     
    17.6282
    CES Energy SolutionsCEU5.01▼-1.64.26
     
    7.3427
    Pason SystemsPSI21.72▼-0.316.05
     
    22.1092
    EnerflexEFX16.19▲1.513.55
     
    19.0877
    REFINING & MARKETING
    Parkland FuelPKI40.28▲1.123.41
     
    41.3597
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • National-Oilwell Varco (NOV +1%)
  • Anadarko Petroleum (APC +0.5%)
  • Baker Hughes (BHGE +0.4%)
  • Marathon Petroleum (MPC +0.3%)
  • HollyFrontier (HFC +0.1%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • Chesapeake (CHK -2.9%)
  • Murphy Oil (MUR -2.4%)
  • Apache (APA -2.3%)
  • Range Resources (RRC -2.1%)
  • Newfield Exploration (NFX -1.4%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • TechnipFMC (FTI -0.6%)
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM80.28▼-0.272.16
     
    89.3045
    ChevronCVX119.86▼-0.4107.04
     
    133.8840
    MIDSTREAM
    Kinder MorganKMI17.81▼-0.914.69
     
    19.8553
    Williams CoWMB30.08▼-0.824.00
     
    33.6762
    ONEOKOKE67.32▼-0.749.65
     
    71.9967↓
    LARGE CAP E&P
    ConocoPhillipsCOP72.05▼-1.142.42
     
    73.7691
    EOG ResourcesEOG117.97▼-0.681.99
     
    131.6052
    Occidental PetroleumOXY80.11▼-0.158.69
     
    87.6770
    Anadarko PetroleumAPC64.87▲0.539.96
     
    76.7041↑
    Pioneer Natural ResPXD175.79▼-0.9125.46
     
    213.4026
    SERVICES
    SchlumbergerSLB64.07▼-1.261.02
     
    80.3517
    HalliburtonHAL40.67▼-0.838.28
     
    57.867
    Baker HughesBHGE33.41▲0.425.53
     
    38.1068
    TechnipFMCFTI30.61▼-0.624.53
     
    35.0040
    National-Oilwell VarcoNOV46.41▲1.029.93
     
    49.0889
    REFINERS
    Phillips 66PSX119.75▼-0.282.66
     
    123.9790
    Valero EnergyVLO120.39▼-0.767.24
     
    126.9894
    Marathon PetroleumMPC83.91▲0.350.52
     
    84.7994
    AndeavorANDV155.55▲0.189.58
     
    156.99100
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A65.75▼-0.554.87
     
    73.8641
    TotalTOT63.82▼-1.851.28
     
    65.6968
    BPBP43.26▼-1.434.21
     
    47.8354
    EniE38.04▼-1.331.28
     
    40.1566
    EquinorEQNR26.12▼-0.618.52
     
    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.
    US inventory drawdowns and record gasoline consumption help boost oil prices

    US inventory drawdowns and record gasoline consumption help boost oil prices

    Canadian condensate prices fall over 1% as discount to WTI widens

    Canadian condensate prices fall over 1% as discount to WTI widens

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