WCS sinks another 1% as Cdn heavy discount widens to almost US$35 a barrel

WCS sinks another 1% as Cdn heavy discount widens to almost US$35 a barrel

Summary of today's energy market action:

  • Oil prices mostly gained ground today, despite an increase in the US dollar. Brent and WTI recovered yesterday's losses but Western Canadian Select sank another 1.2% as the Canadian heavy discount widened to US$34.75/bbl.

  • Energy was the best performing sector on the TSX, rising 1.8%. The energy basket was roughly unchanged on the S&P 500. Producers were the best performing subsector on both sides of the border.

  • Cenovus Energy (CVE.TO +9%) was the best performer in Canadian energy markets on yesterday's announcement of two crude-by-rail contracts with CP Rail (CP.TO +0.3%) and CN Rail (CNR.TO +0.8%).

  • Husky Energy (HSE.TO +1.7%) and Parkland Fuel (PKI.TO +1.6%) continue their slow and steady climb, each breaking to new highs today. 

  • Despite a 1% increase in gasoline prices, US refiners sank 1.3%. Marathon Oil (MRO +1.2%) joined the 52-week high club today.

OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$81.72▲0.555.14
 
81.87
WTI$72.12▲0.849.29
 
74.15
CDN LT$53.12▲1.046.68
 
69.32
C5+$65.97▲1.151.08
 
71.40
WCS$37.37▼1.230.41
 
56.21
CRUDE OIL FUTURES CURVES
BRENT
WTI
█ SEP 27   █ SEP 20   █ SEP 13   █ SEP 6   (USD/BBL)
MARKET OVERVIEW
MARKETS
CURRENCIES
    TSX SECTORS
52-WK
    SPX SECTORS
52-WK
ENERGY SECTORS
ENERGY SUB-SECTORS

TSX ENERGY SUB-SECTORS

SPX ENERGY SUB-SECTORS
TSX ENERGY STOCKS
TSX BULLISH INDICATORS
TOP 5
  • Cenovus Energy (CVE +9%)
  • Advantage Oil & Gas (AAV +8.8%)
  • Tourmaline (TOU +8.1%)
  • Birchcliff Energy (BIR +8%)
  • MEG Energy (MEG +6.1%)
  • 12-MO HIGHS
  • Husky Energy (HSE +1.7%)
  • Parkland Fuel (PKI +1.6%)
  • 10-YR HIGHS
  • Parkland Fuel (PKI +1.6%)
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • Altagas (ALA -1.6%)
  • Ensign Energy Services (ESI -1.3%)
  • Keyera (KEY -0.9%)
  • Shawcor (SCL -0.7%)
  • Pason Systems (PSI -0.6%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    SuncorSU51.27▲1.440.49
     
    55.4779
    Imperial OilIMO42.56▲1.533.43
     
    44.9190
    Husky EnergyHSE22.82▲1.715.09
     
    22.9993
    MIDSTREAM
    EnbridgeENB42.30▲0.337.36
     
    52.5931↓
    TransCanadaTRP52.57▲1.150.28
     
    65.1821
    Pembina PipelinePPL44.76▲1.237.60
     
    47.8480
    Inter PipelineIPL22.75▲0.321.36
     
    27.9230
    Keyera KEY34.40▼-0.931.20
     
    39.3132
    Gibson EnergyGEI20.13▲1.615.68
     
    20.7591
    LARGE CAP E&P
    Cdn Natural ResCNQ43.08▲0.536.88
     
    49.0854
    Cenovus EnergyCVE13.09▲9.09.03
     
    14.8490
    EncanaECA17.13▲0.912.37
     
    18.5488
    PrairieSkyPSK22.90▼-0.222.71
     
    35.9011
    TourmalineTOU22.67▲8.117.78
     
    27.2664
    SERVICES
    ShawcorSCL24.64▼-0.723.60
     
    30.1021
    Mullen Group MTL15.07▲0.114.10
     
    17.4533
    CES Energy SolutionsCEU4.30▲3.04.09
     
    7.345
    Pason SystemsPSI19.81▼-0.616.05
     
    22.1069
    EnerflexEFX15.86▲0.113.55
     
    18.8464
    REFINING & MARKETING
    Parkland FuelPKI43.65▲1.623.41
     
    43.9398
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Range Resources (RRC +2.9%)
  • Newfield Exploration (NFX +2.3%)
  • Cabot Oil & Gas (COG +2.3%)
  • Transocean (RIG +2%)
  • Hess Corp (HES +1.6%)
  • 12-MO HIGHS
  • Marathon Oil (MRO +1.3%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • TechnipFMC (FTI -2.9%)
  • HollyFrontier (HFC -1.9%)
  • Marathon Petroleum (MPC -1.8%)
  • Andeavor (ANDV -1.5%)
  • Halliburton (HAL -1.2%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    INTEGRATED
    Exxon MobilXOM85.77▼0.072.16
     
    89.3078
    ChevronCVX122.47▲0.4108.02
     
    133.8859
    MIDSTREAM
    Kinder MorganKMI17.56▼-0.314.69
     
    19.8359
    Williams CoWMB27.26▲0.624.00
     
    33.6739
    ONEOKOKE68.18▼-0.349.65
     
    71.9975
    LARGE CAP E&P
    ConocoPhillipsCOP77.52▲0.348.70
     
    78.6195
    EOG ResourcesEOG127.00▲1.494.87
     
    131.6086
    Occidental PetroleumOXY81.17▲0.262.47
     
    87.6782
    Anadarko PetroleumAPC66.50▼-0.246.75
     
    76.7065
    Pioneer Natural ResPXD172.00▼-1.1140.31
     
    213.4030
    SERVICES
    SchlumbergerSLB61.17▲0.559.25
     
    80.3519
    HalliburtonHAL40.59▼-1.235.75
     
    57.8613
    Baker HughesBHGE33.83▲0.025.53
     
    37.7671
    TechnipFMCFTI31.27▼-2.924.53
     
    35.0054
    National-Oilwell VarcoNOV43.04▲0.131.47
     
    49.0859
    REFINERS
    Phillips 66PSX112.88▼-0.989.14
     
    123.9763
    Valero EnergyVLO115.29▼-1.174.41
     
    126.9880
    Marathon PetroleumMPC83.04▼-1.854.61
     
    88.4574
    AndeavorANDV154.79▼-1.589.58
     
    163.1997
    NYSE ADRs
    ADRs BULLISH INDICATORS
    12-MO HIGHS
  • None
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • ADRs BEARISH INDICATORS
    12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H RANK 
    Royal Dutch ShellRDS.A68.74▼-0.259.52
     
    73.8667
    TotalTOT65.12▲0.652.95
     
    65.6978
    BPBP46.87▲1.336.15
     
    47.8386
    EniE38.35▼-1.631.58
     
    40.1569
    EquinorEQNR28.35▲0.219.71
     
    28.9390
    ANALYST RATINGS

    UPGRADES

    • SM Energy (SM): Upgraded from Sector Perform to Outperform at Scotiabank.

    DOWNGRADES

    • None


    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 remain unresponsive to higher oil prices as Brent hits 4-year high

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    Energy markets pullback after EIA reports build in crude stockpiles

    Energy markets pullback after EIA reports build in crude stockpiles

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