Canadian energy stocks lag US counterparts despite rising oil prices

Canadian energy stocks lag US counterparts despite rising oil prices

Summary of today's energy market action:
  • Oil prices rose again today as the EIA reported a 5.3 million barrel drawdown in US crude stockpiles and a declined in production out of the Lower 48.
  • WTI closed above US$70/bbl for the first time since late June. Brent touched US$80 earlier in the day but retreated pulled back before the close.
  • Gasoline prices gained another 1% for the day, despite reports of a build in US gasoline stockpiles last week.
  • US and Canadian energy sectors diverged again today, with TSX energy components falling 0.3% and the S&P 500 energy sector gaining 0.5%.
  • All Canadian energy subsectors declined for the day, led lower by Suncor Energy (SU -1.0%), TransCanada (TRP -1.1%) and Enbridge (ENB -1.3%).
  • Parkland Fuel (PKI +0.2%) gained for the sixth day in a row, once again closing at a new record high.
  • All US energy subsectors ended the day in the positive, led higher by energy services stocks.
  • European ADRs also ended the day higher as the US dollar retreated 0.5% for the day.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$79.74▲0.950.86
 
79.80
WTI$70.37▲1.645.96
 
74.15
CDN LT$53.65▲2.443.56
 
69.32
C5+$59.78▲1.947.61
 
71.40
WCS$41.95▲0.630.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ SEP 12   █ SEP 5   █ AUG 29   █ AUG 22   (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 +4.3%)
  • Parex Resources (PXT +2.5%)
  • Ensign Energy Services (ESI +2%)
  • Gibson Energy (GEI +1.9%)
  • MEG Energy (MEG +1.7%)
  • 12-MO HIGHS
  • Parkland Fuel (PKI +0.2%)
  • 10-YR HIGHS
  • Parkland Fuel (PKI +0.2%)
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Altagas (ALA -3%)
  • CES Energy Solutions (CEU -2.5%)
  • Trican Well (TCW -2.3%)
  • Enbridge (ENB -1.3%)
  • Advantage Oil & Gas (AAV -1.2%)
  • 12-MO LOWS
  • CES Energy Solutions (CEU -2.5%)
  • Trican Well (TCW -2.3%)
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU50.13▼-1.040.02
     
    55.4777
    Imperial OilIMO38.30▲0.833.43
     
    44.9137
    Husky EnergyHSE21.25▼-1.114.45
     
    22.4392↓
    MIDSTREAM
    EnbridgeENB44.42▼-1.337.36
     
    52.5959
    TransCanadaTRP54.95▼-1.150.28
     
    65.1828
    Pembina PipelinePPL43.22▼-0.637.60
     
    47.8444
    Inter PipelineIPL23.31▲0.721.36
     
    27.9238
    Keyera KEY35.29▲0.031.20
     
    39.4455
    Gibson EnergyGEI19.22▲1.915.68
     
    20.1792
    LARGE CAP E&P
    Cdn Natural ResCNQ41.53▼-0.836.88
     
    49.0830↓
    Cenovus EnergyCVE11.83▲0.19.03
     
    14.8450
    EncanaECA15.95▼-0.811.47
     
    18.5452
    PrairieSkyPSK23.79▲0.323.03
     
    35.9019
    TourmalineTOU20.59▲0.817.78
     
    27.2625↑
    SERVICES
    ShawcorSCL25.23▲1.523.60
     
    30.1030
    Mullen Group MTL14.85▼-0.914.10
     
    17.6230↓
    CES Energy SolutionsCEU4.26▼-2.54.15
     
    7.347
    Pason SystemsPSI20.65▲0.216.05
     
    22.1081
    EnerflexEFX15.55▲0.513.55
     
    19.0840
    REFINING & MARKETING
    Parkland FuelPKI42.80▲0.223.41
     
    43.0898
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Cimarex Energy (XEC +3.7%)
  • Transocean (RIG +3.4%)
  • Range Resources (RRC +3.1%)
  • Concho Resources (CXO +2.7%)
  • Apache (APA +2.4%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • Occidental Petroleum (OXY -1.8%)
  • HollyFrontier (HFC -1.5%)
  • Anadarko Petroleum (APC -1.3%)
  • Williams Co (WMB -0.6%)
  • Baker Hughes (BHGE -0.6%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM83.13▲0.372.16
     
    89.3073
    ChevronCVX115.79▲0.7108.02
     
    133.8833
    MIDSTREAM
    Kinder MorganKMI18.16▲0.814.69
     
    19.8567
    Williams CoWMB28.39▼-0.624.00
     
    33.6745
    ONEOKOKE65.11▲0.149.65
     
    71.9955
    LARGE CAP E&P
    ConocoPhillipsCOP71.97▲0.744.79
     
    74.4391↑
    EOG ResourcesEOG116.94▲0.687.43
     
    131.6062
    Occidental PetroleumOXY75.74▼-1.860.28
     
    87.6756
    Anadarko PetroleumAPC61.77▼-1.341.12
     
    76.7033↓
    Pioneer Natural ResPXD169.97▲2.1129.35
     
    213.4030
    SERVICES
    SchlumbergerSLB60.82▲0.859.25
     
    80.3518
    HalliburtonHAL38.14▲2.135.75
     
    57.869
    Baker HughesBHGE32.40▼-0.625.53
     
    38.1044
    TechnipFMCFTI30.00▲1.924.53
     
    35.0046↑
    National-Oilwell VarcoNOV44.75▲0.831.47
     
    49.0880
    REFINERS
    Phillips 66PSX112.16▼-0.485.08
     
    123.9761↓
    Valero EnergyVLO116.31▲1.169.53
     
    126.9888
    Marathon PetroleumMPC84.20▲0.852.26
     
    85.3491
    AndeavorANDV155.89▲0.689.58
     
    157.65100
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A64.37▲0.756.63
     
    73.8646
    TotalTOT62.34▲1.052.94
     
    65.6962
    BPBP43.11▲1.135.63
     
    47.8361
    EniE37.20▲0.731.58
     
    40.1558
    EquinorEQNR26.36▲1.918.97
     
    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.
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