Energy stocks sink lower despite higher oil prices

Energy stocks sink lower despite higher oil prices

Summary of today's energy market action:
  • Oil prices rise over 1% for the second day in a row, with WTI firmly topping US$70 a barrel for the first time since late July.
  • Despite higher oil prices, Canadian and US energy sectors posted losses, dragged lower by declines in broader markets.
  • Most TSX energy components ended the day lower, except for Suncor (SU +0.6%), Encana (ECA +1.2%) and Parkland Fuel (PKI +1.8%). Smaller-cap E&Ps and services stocks were among today's worst performers.
  • Kinder Morgan Canada (KML +0.5%) approved the sale of its Trans Mountain assets to the federal government.
  • US energy stocks had a relatively quiet day, with most stocks ending the day lower.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$77.77▲0.850.86
 
79.80
WTI$70.25▲1.145.96
 
74.15
CDN LT$61.00▲1.243.56
 
69.32
C5+$67.50▲1.147.61
 
71.40
WCS$43.25▲1.730.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 30   █ AUG 23   █ AUG 16   █ AUG 9   (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
  • Gran Tierra (GTE +2%)
  • Parkland Fuel (PKI +1.8%)
  • Encana (ECA +1.2%)
  • PrairieSky (PSK +0.9%)
  • Suncor (SU +0.6%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Baytex Energy (BTE -5.9%)
  • Crew Energy (CR -4.4%)
  • Whitecap Resources (WCP -4.2%)
  • TORC Oil & Gas (TOG -3.9%)
  • MEG Energy (MEG -3.8%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU54.28▲0.638.79
     
    55.4792
    Imperial OilIMO41.27▼-0.833.43
     
    44.9175
    Husky EnergyHSE21.62▼-0.114.30
     
    22.4392
    MIDSTREAM
    EnbridgeENB45.11▲0.237.36
     
    52.5969
    TransCanadaTRP56.31▼-0.250.28
     
    65.1830
    Pembina PipelinePPL44.98▲0.237.60
     
    47.8465
    Inter PipelineIPL24.30▼-0.521.36
     
    27.9263
    Keyera KEY36.48▼-0.931.20
     
    39.4466
    Gibson EnergyGEI19.67▼-0.615.68
     
    20.1791
    LARGE CAP E&P
    Cdn Natural ResCNQ45.42▼-1.236.88
     
    49.0872
    Cenovus EnergyCVE12.35▼-2.09.03
     
    14.8476
    EncanaECA17.39▲1.211.06
     
    18.5489
    PrairieSkyPSK24.20▲0.923.13
     
    35.9014
    TourmalineTOU22.05▼-0.717.78
     
    27.2649↑
    SERVICES
    ShawcorSCL28.11▼-1.423.60
     
    30.1083
    Mullen Group MTL16.24▼-1.214.10
     
    17.6274↓
    CES Energy SolutionsCEU4.97▼-2.14.26
     
    7.3422
    Pason SystemsPSI21.49▼-0.416.05
     
    22.1086↓
    EnerflexEFX15.91▼-1.213.55
     
    19.0857
    REFINING & MARKETING
    Parkland FuelPKI40.82▲1.823.41
     
    41.3597
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Apache (APA +1.5%)
  • Hess Corp (HES +1.4%)
  • Cimarex Energy (XEC +1.4%)
  • EQT Corp (EQT +1.2%)
  • Concho Resources (CXO +0.9%)
  • 12-MO HIGHS
  • ConocoPhillips (COP +0%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • Valero Energy (VLO -1.3%)
  • Noble Energy (NBL -1.3%)
  • Halliburton (HAL -1.2%)
  • Anadarko Petroleum (APC -0.8%)
  • Williams Co (WMB -0.8%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM80.51▼-0.472.16
     
    89.3049
    ChevronCVX119.81▼-0.3107.10
     
    133.8843
    MIDSTREAM
    Kinder MorganKMI17.78▼-0.614.69
     
    19.8555
    Williams CoWMB29.68▼-0.824.00
     
    33.6753
    ONEOKOKE66.45▼-0.349.65
     
    71.9962
    LARGE CAP E&P
    ConocoPhillipsCOP73.56▲0.042.42
     
    74.4395
    EOG ResourcesEOG118.91▲0.182.32
     
    131.6061
    Occidental PetroleumOXY80.13▼-0.158.69
     
    87.6772
    Anadarko PetroleumAPC64.45▼-0.840.03
     
    76.7041
    Pioneer Natural ResPXD174.74▼-0.5126.50
     
    213.4027
    SERVICES
    SchlumbergerSLB64.34▼-0.261.02
     
    80.3525
    HalliburtonHAL40.22▼-1.238.38
     
    57.867
    Baker HughesBHGE33.98▼-0.125.53
     
    38.1073
    TechnipFMCFTI30.860.024.53
     
    35.0044
    National-Oilwell VarcoNOV47.18▲0.029.93
     
    49.0892↑
    REFINERS
    Phillips 66PSX119.55▼-0.882.66
     
    123.9788
    Valero EnergyVLO119.05▼-1.367.24
     
    126.9894
    Marathon PetroleumMPC83.12▼-0.750.52
     
    84.7992↓
    AndeavorANDV153.79▼-0.789.58
     
    156.9999
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A66.32▲0.154.87
     
    73.8650
    TotalTOT63.62▼-0.851.28
     
    65.6970
    BPBP43.58▲0.434.26
     
    47.8363
    EniE37.87▼-1.231.28
     
    40.1567
    EquinorEQNR26.26▼-0.418.52
     
    28.0673

    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.
    Energy stocks drag markets lower as OPEC output hits a new high for the year

    Energy stocks drag markets lower as OPEC output hits a new high for the year

    US inventory drawdowns and record gasoline consumption help boost oil prices

    US inventory drawdowns and record gasoline consumption help boost oil prices

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