Drawdowns in crude and gasoline stockpiles help boost oil prices

Drawdowns in crude and gasoline stockpiles help boost oil prices

Summary of today's energy market action:
  • WTI rose almost 2% today as the EIA reported a decline in crude and gasoline stockpiles. Canadian oil prices also posted nice gains today, with WCS rising over 3%.
  • After a nice rally yesterday, the TSX energy sector was unchanged for the day. Integrated and midstream names mostly posted declines, offsetting gains from small-cap producers.
  • AltaGas (ALA.TO -3.0%) hit a 1-year low while Husky Energy (HSE -0.5%) hit a 1-year high during the trading day.
  • The SPX energy sector rose 0.4%, as most components posted gains for the day.
  • Despite a 0.8% increase in wholesale gasoline prices, US refiners were the only losing subsector, sinking over 4% for the day. Valero Energy (VLO -4.9%) was the hardest hit after reporting one of its subsidiaries in Louisiana will be down for maintenance through the rest of September.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$79.40▲0.553.78
 
79.80
WTI$71.12▲1.847.48
 
74.15
CDN LT$53.12▲2.444.88
 
69.32
C5+$66.72▲3.049.18
 
71.40
WCS$39.12▲3.430.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ SEP 19   █ SEP 12   █ SEP 5   █ AUG 29   (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
  • Paramount Resources (POU +7.4%)
  • MEG Energy (MEG +3.9%)
  • Birchcliff Energy (BIR +3.1%)
  • Seven Generations (VII +2.9%)
  • Cenovus Energy (CVE +2.6%)
  • 12-MO HIGHS
  • Husky Energy (HSE -0.5%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Altagas (ALA -3%)
  • Baytex Energy (BTE -1.9%)
  • Suncor (SU -1.4%)
  • Keyera (KEY -1.3%)
  • Advantage Oil & Gas (AAV -1.2%)
  • 12-MO LOWS
  • Altagas (ALA -3%)
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU50.59▼-1.440.49
     
    55.4781
    Imperial OilIMO39.34▼-0.333.43
     
    44.9163
    Husky EnergyHSE21.82▼-0.514.74
     
    22.4992
    MIDSTREAM
    EnbridgeENB44.74▼-0.337.36
     
    52.5976
    TransCanadaTRP54.33▼-0.650.28
     
    65.1828
    Pembina PipelinePPL43.36▼-0.437.60
     
    47.8452
    Inter PipelineIPL23.17▼-0.521.36
     
    27.9239
    Keyera KEY35.20▼-1.331.20
     
    39.4447
    Gibson EnergyGEI19.77▲1.515.68
     
    20.1793
    LARGE CAP E&P
    Cdn Natural ResCNQ42.47▼-0.136.88
     
    49.0846
    Cenovus EnergyCVE11.94▲2.69.03
     
    14.8441
    EncanaECA16.31▲0.612.37
     
    18.5460
    PrairieSkyPSK23.19▼-1.022.84
     
    35.9011
    TourmalineTOU20.90▼-1.217.78
     
    27.2623↓
    SERVICES
    ShawcorSCL25.10▼-0.423.60
     
    30.1023
    Mullen Group MTL15.08▲0.414.10
     
    17.6235
    CES Energy SolutionsCEU4.49▲1.14.14
     
    7.348
    Pason SystemsPSI19.65▼-1.016.05
     
    22.1046↓
    EnerflexEFX15.43▼-0.913.55
     
    19.0830
    REFINING & MARKETING
    Parkland FuelPKI42.04▼-0.523.41
     
    43.0897↓
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Range Resources (RRC +5.1%)
  • Newfield Exploration (NFX +4.4%)
  • Chesapeake (CHK +4%)
  • Transocean (RIG +3.7%)
  • Cimarex Energy (XEC +2.7%)
  • 12-MO HIGHS
  • ConocoPhillips (COP +0.6%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • HollyFrontier (HFC -5.8%)
  • Valero Energy (VLO -4.9%)
  • Marathon Petroleum (MPC -4.1%)
  • Andeavor (ANDV -3.5%)
  • Phillips 66 (PSX -3.5%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM84.63▲1.272.16
     
    89.3078
    ChevronCVX119.51▲1.2108.02
     
    133.8844
    MIDSTREAM
    Kinder MorganKMI18.26▲0.814.69
     
    19.8576
    Williams CoWMB28.19▲0.424.00
     
    33.6736
    ONEOKOKE69.52▲0.649.65
     
    71.9985↑
    LARGE CAP E&P
    ConocoPhillipsCOP75.53▲0.647.09
     
    75.8696
    EOG ResourcesEOG120.17▲0.692.71
     
    131.6069
    Occidental PetroleumOXY79.38▲0.661.59
     
    87.6777↑
    Anadarko PetroleumAPC64.76▲0.043.41
     
    76.7049
    Pioneer Natural ResPXD174.00▲0.1136.21
     
    213.4027
    SERVICES
    SchlumbergerSLB61.23▲0.459.25
     
    80.3513
    HalliburtonHAL40.06▲2.335.75
     
    57.8610
    Baker HughesBHGE32.87▲1.925.53
     
    38.1050
    TechnipFMCFTI30.94▲0.124.53
     
    35.0052
    National-Oilwell VarcoNOV44.45▼-0.231.47
     
    49.0872
    REFINERS
    Phillips 66PSX109.36▼-3.588.02
     
    123.9746
    Valero EnergyVLO109.70▼-4.971.56
     
    126.9856
    Marathon PetroleumMPC80.54▼-4.153.38
     
    85.3465↓
    AndeavorANDV150.26▼-3.589.58
     
    157.6597
    NYSE ADRs
    COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A66.26▲0.357.83
     
    73.8654
    TotalTOT63.05▼-0.152.95
     
    65.6965
    BPBP43.98▲0.936.15
     
    47.8369
    EniE38.00▲0.331.58
     
    40.1561
    EquinorEQNR26.54▼-0.319.56
     
    28.0674↓

    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.
    Canadian energy sector resumes downtrend as refinery maintenance season begins in the Midwest

    Canadian energy sector resumes downtrend as refinery maintenance season begins in the Midwest

    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

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