Brent prices gain 1% as US reinstates Iranian sanctions

Brent prices gain 1% as US reinstates Iranian sanctions

Summary of today's energy market action:
  • Brent prices rose over 1% today on the reinstatement of US sanctions against Iran. Sanctions against countries importing Iranian crude take effect November 4th, and are expected to take about 1 million bbl/day of production off global markets.
  • Western Canadian Select (WCS) and Canadian Light ended Tuesday slightly lower as differentials to WTI widened. The WCS discount is now back to the lows of late 2014.
  • Energy stocks dragged the TSX lower for the day, falling an average of 1%. Declines were led by smaller cap producers, while energy services stocks had another good day.
  • Parkland Fuel (PKI +4.4%) continues to outperform, breaking another record high.
  • The US energy basket posted another day of gains, rising 0.7%. Gains were led by heavy-weights Exxon Mobil (XOM +1.3%), Chevron (CVX +0.7%) and the refining subsector.
  • Anadarko Petroleum (APC -5.5%) and Noble Energy (NBL) sank on news of a re-filed class-action lawsuit.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$74.65▲1.250.27
 
79.80
WTI$69.17▲0.245.96
 
74.15
CDN LT$63.35▼0.243.56
 
69.32
C5+$67.96▲0.247.17
 
71.40
WCS$38.49▼0.230.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ AUG 7   █ JUL 31   █ JUL 24   █ JUL 17   (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
  • Parkland Fuel (PKI +4.4%)
  • Ensign Energy Services (ESI +1.1%)
  • Gran Tierra (GTE +3.2%)
  • Trican Well (TCW +3.5%)
  • Seven Generations (VII +1.9%)
  • 12-MO HIGHS
  • Pembina Pipeline (PPL -2%)
  • Enbridge Income Fund (ENF +0.6%)
  • Parkland Fuel (PKI +4.4%)
  • Enerplus (ERF -1.5%)
  • 10-YR HIGHS
  • Parkland Fuel (PKI +4.4%)
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    TOP 5 LOSERS
  • Tourmaline (TOU -4.3%)
  • Advantage Oil & Gas (AAV -4.2%)
  • ARC Resources (ARX -3.1%)
  • MEG Energy (MEG -2.7%)
  • Paramount Resources (POU -3.5%)
  • 12-MO LOWS
  • CES Energy Solutions (CEU 0%)
  • Paramount Resources (POU -3.5%)
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU53.38▼-0.638.34
     
    55.4791
    Imperial OilIMO42.72▼-0.833.43
     
    44.9182
    Husky EnergyHSE21.42▼-1.614.10
     
    22.1593↓
    MIDSTREAM
    EnbridgeENB46.81▲0.637.36
     
    52.8780
    TransCanadaTRP58.00▼-1.350.28
     
    65.1867
    Pembina PipelinePPL46.59▼-2.037.60
     
    47.8487
    Inter PipelineIPL24.50▼-0.921.36
     
    27.9265↓
    Keyera KEY37.33▼-1.731.20
     
    39.4482
    Enbridge Income FundENF32.93▲0.626.36
     
    33.2894
    Gibson EnergyGEI18.55▼-0.915.68
     
    19.3889
    LARGE CAP E&P
    Canadian NaturalCNQ45.52▼-1.636.88
     
    49.0870↓
    Cenovus EnergyCVE13.07▼-0.69.03
     
    14.8478
    EncanaECA17.88▲0.311.05
     
    18.5494
    PrairieSkyPSK23.62▼-1.823.51
     
    35.907
    TourmalineTOU23.60▼-4.317.78
     
    27.2669↓
    SERVICES
    ShawcorSCL26.49▲0.323.60
     
    30.1046
    Mullen Group MTL16.23▲0.414.10
     
    17.6284
    CES Energy SolutionsCEU4.350.04.32
     
    7.345
    Pason SystemsPSI20.000.016.05
     
    21.9668
    EnerflexEFX15.07▲0.913.55
     
    19.0868
    REFINING & MARKETING
    Parkland FuelPKI39.59▲4.423.41
     
    39.9498
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5 GAINERS
  • ConocoPhillips (COP +1.6%)
  • Marathon Petroleum (MPC +1.7%)
  • Andeavor (ANDV +1.7%)
  • Apache (APA +1.6%)
  • Cimarex Energy (XEC +2.3%)
  • 12-MO HIGHS
  • ConocoPhillips (COP +1.6%)
  • Phillips 66 (PSX +0%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • Williams Co (WMB +0.5%)
  • SPX BEARISH INDICATORS
    TOP 5 LOSERS
  • Kinder Morgan (KMI -0.2%)
  • Occidental Petroleum (OXY -0.7%)
  • Anadarko Petroleum (APC -5.5%)
  • Devon Energy (DVN -0.5%)
  • Noble Energy (NBL -3.9%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM81.27▲1.372.16
     
    89.3043
    ChevronCVX125.18▲0.7105.30
     
    133.8852
    MIDSTREAM
    Kinder MorganKMI17.98▼-0.214.69
     
    20.2053
    Williams CoWMB31.57▲0.524.00
     
    33.6787↑
    ONEOKOKE68.24▼-0.149.65
     
    71.9976
    LARGE CAP E&P
    ConocoPhillipsCOP72.90▲1.642.27
     
    73.7694
    EOG ResourcesEOG124.43▲0.481.99
     
    131.6074
    Occidental PetroleumOXY81.94▼-0.758.44
     
    87.6767↓
    Anadarko PetroleumAPC64.54▼-5.539.96
     
    76.7029
    Pioneer Natural ResPXD186.57▼-0.1125.46
     
    213.4045
    SERVICES
    SchlumbergerSLB66.68▲1.261.02
     
    80.3524
    HalliburtonHAL42.03▼-0.138.18
     
    57.864
    Baker HughesBHGE35.18▲0.825.53
     
    38.1083
    TechnipFMCFTI31.24▲1.024.53
     
    35.0036
    National-Oilwell VarcoNOV46.63▲0.129.90
     
    49.0895↓
    REFINERS
    Phillips 66PSX122.72▲0.080.73
     
    123.9795
    Valero EnergyVLO116.71▲1.564.22
     
    126.9894
    Marathon PetroleumMPC81.27▲1.749.30
     
    83.3393
    AndeavorANDV150.84▲1.789.58
     
    152.9799
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A66.90▲1.154.27
     
    73.8637
    TotalTOT64.75▲1.949.75
     
    65.6985
    BPBP44.72▲1.333.90
     
    47.8360
    EniE38.50▲2.430.13
     
    40.1569
    EquinorEQNR26.65▲1.818.10
     
    28.0678

    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 stumble on smaller-than-expected US crude drawdowns and build in gasoline stockpiles

    Oil prices stumble on smaller-than-expected US crude drawdowns and build in gasoline stockpiles

    Oil prices post gains despite strengthening greenback

    Oil prices post gains despite strengthening greenback

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