TSX energy sector posts rare gain as OPEC promises to keep a lid on production

TSX energy sector posts rare gain as OPEC promises to keep a lid on production

Summary of today's energy market action:
  • Oil prices gained ground today as OPEC signalled they will not increase production in the near-term, despite looming sanctions on Iranian exports.
  • The discount on Edmonton condensate narrowed to US$5.10 a barrel, sending C5+ higher by almost 3%.
  • The TSX energy sector posted its first gain in over 6 days, rising 2.6%. US energy components rose 0.7%.
  • Producers were the best performing subsector on both sides of the border.
  • Large-cap midstream stocks roughly unchanged as US bond yields creeped higher.
  • ConocoPhillips (COP 1.1%) hit a new 52-wk high.
  • ADRs for large-cap European majors all posted gains as the US dollar dipped another 0.3% for the day.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$79.03▲1.353.78
 
79.80
WTI$69.85▲1.447.48
 
74.15
CDN LT$51.85▲1.844.88
 
69.32
C5+$64.75▲2.949.18
 
71.40
WCS$37.85▲2.530.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ SEP 18   █ SEP 11   █ SEP 4   █ AUG 28   (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
  • MEG Energy (MEG +4.6%)
  • Encana (ECA +4.5%)
  • Birchcliff Energy (BIR +4.1%)
  • Crescent Point (CPG +3.6%)
  • Enerplus (ERF +3.5%)
  • 12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Gran Tierra (GTE -1.3%)
  • TransCanada (TRP -1.1%)
  • Enerflex (EFX -0.8%)
  • Advantage Oil & Gas (AAV -0.3%)
  • Parkland Fuel (PKI -0.3%)
  • 12-MO LOWS
  • Paramount Resources (POU +0.3%)
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU51.33▲3.140.49
     
    55.4786
    Imperial OilIMO39.44▲1.133.43
     
    44.9168↑
    Husky EnergyHSE21.93▲1.814.74
     
    22.4393
    MIDSTREAM
    EnbridgeENB44.85▲0.337.36
     
    52.5979
    TransCanadaTRP54.67▼-1.150.28
     
    65.1834
    Pembina PipelinePPL43.55▲1.137.60
     
    47.8458
    Inter PipelineIPL23.29▲1.321.36
     
    27.9241
    Keyera KEY35.67▲1.731.20
     
    39.4468
    Gibson EnergyGEI19.47▲1.715.68
     
    20.1792
    LARGE CAP E&P
    Cdn Natural ResCNQ42.50▲3.236.88
     
    49.0852
    Cenovus EnergyCVE11.64▲2.19.03
     
    14.8431
    EncanaECA16.21▲4.512.37
     
    18.5470
    PrairieSkyPSK23.43▲1.722.84
     
    35.9013
    TourmalineTOU21.15▲0.117.78
     
    27.2630
    SERVICES
    ShawcorSCL25.20▲0.123.60
     
    30.1026
    Mullen Group MTL15.02▲0.214.10
     
    17.6236
    CES Energy SolutionsCEU4.44▲1.84.14
     
    7.348
    Pason SystemsPSI19.84▼-0.216.05
     
    22.1059↓
    EnerflexEFX15.57▼-0.813.55
     
    19.0844
    REFINING & MARKETING
    Parkland FuelPKI42.23▼-0.323.41
     
    43.0897
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Chesapeake (CHK +3.8%)
  • TechnipFMC (FTI +3.3%)
  • Marathon Oil (MRO +3%)
  • Transocean (RIG +2.9%)
  • Hess Corp (HES +2.6%)
  • 12-MO HIGHS
  • ConocoPhillips (COP +1.1%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • EQT Corp (EQT -1.1%)
  • Cimarex Energy (XEC -0.8%)
  • Williams Co (WMB -0.5%)
  • Kinder Morgan (KMI -0.3%)
  • Valero Energy (VLO -0.1%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM83.63▲0.372.16
     
    89.3070
    ChevronCVX118.13▲0.5108.02
     
    133.8838
    MIDSTREAM
    Kinder MorganKMI18.12▼-0.314.69
     
    19.8567
    Williams CoWMB28.09▼-0.524.00
     
    33.6736
    ONEOKOKE69.14▲1.749.65
     
    71.9982↑
    LARGE CAP E&P
    ConocoPhillipsCOP75.04▲1.146.17
     
    75.7395
    EOG ResourcesEOG119.45▲1.692.38
     
    131.6065
    Occidental PetroleumOXY78.88▲1.761.09
     
    87.6774↑
    Anadarko PetroleumAPC64.75▲1.243.26
     
    76.7049
    Pioneer Natural ResPXD173.79▲1.6135.31
     
    213.4031
    SERVICES
    SchlumbergerSLB60.99▲0.059.25
     
    80.3515
    HalliburtonHAL39.16▲1.235.75
     
    57.867
    Baker HughesBHGE32.25▲2.025.53
     
    38.1038
    TechnipFMCFTI30.90▲3.324.53
     
    35.0050
    National-Oilwell VarcoNOV44.55▲1.031.47
     
    49.0871
    REFINERS
    Phillips 66PSX113.30▲0.487.50
     
    123.9764
    Valero EnergyVLO115.33▼-0.171.14
     
    126.9881
    Marathon PetroleumMPC83.97▲0.252.93
     
    85.3484↓
    AndeavorANDV155.77▲0.189.58
     
    157.6599
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A66.02▲1.957.28
     
    73.8651
    TotalTOT63.10▲1.252.95
     
    65.6964
    BPBP43.56▲0.736.15
     
    47.8359
    EniE37.88▲0.631.58
     
    40.1559
    EquinorEQNR26.62▲0.819.43
     
    28.0676

    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.
    Drawdowns in crude and gasoline stockpiles help boost oil prices

    Drawdowns in crude and gasoline stockpiles help boost oil prices

    Canadian light and heavy differentials widened to 5-year high

    Canadian light and heavy differentials widened to 5-year high

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