Oil prices and equity markets post third consecutive day of gains

Oil prices and equity markets post third consecutive day of gains

Today's energy market action:

  • Geopolitical tensions returned to the front page on Thursday, helping oil prices move higher for the third day in a row. Brent gained 1.2% while WTI rose 1.4%.

  • Canadian benchmarks also rose about 1.5%, as discounts to WTI were little changed for the day.

  • Gasoline rose 0.8%, while heating oil gained another 1.8%, also a third day of increases for both commodities.

  • The US ordered the evacuation of all non-essential staff from its Iraqi embassy in Baghdad, citing threats linked to "Iranian activity" in the region. The Americans also suspended all passenger and cargo flights in and out of Venezuela due to concerns for the safety of passengers, airlines and crews.

Today's treasury, currency and equity market action:

  • The loonie moved higher this morning on rumours the US may remove tariffs on steel and aluminum imports. All gains fizzled by the afternoon, leaving the Canadian dollar down 0.1% for the day.

  • The US dollar rose another 0.3% on Thursday, due mostly to weakness in the Euro, pound and Japanese yen. The Australian dollar sank another 0.6%, ending the day below 69 cents.

  • Most global markets moved higher, including US exchanges, which posted their third day of gains. The NYSE rose 0.7% while the S&P 500 added 0.9%. All US sectors posted gains for the day, including a 0.4% increase in energy stocks.

  • In Toronto, the TSX also rose 0.8%, including a 0.7% increase in energy stocks. Precious metals were the only notable losers for the day.

Today's other notable energy news:

  • In a tie vote, Canada’s Senate transport committee voted against Bill C-48, legislation that would ban crude tanker traffic on BC's northern coast. The bill now goes back to the chamber for further debate. If Bill C-48 passes, it will be the world's first and only oil tanker ban.

  • Australian natural gas producer Santos purchased a 14.3% stake in the P'nyang natural gas field in PNG for total proceeds of US$187 million. Most of that share will come from ExxonMobil, who will retain a 36.86% stake after the deal closes. The field is expected to produce gas for the PNG LNG facility, which has yet to be sanctioned.

  • Enerplus filed for a mixed shelf offering for up to $2 billion, including preferred shares, common shares and warrants.

OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$72.62▲1.250.47
 
86.29
WTI$62.87▲1.442.53
 
76.41
CDN LT$57.25▲1.520.83
 
69.32
C5+$58.61▲1.537.04
 
71.40
WCS$49.92▲1.712.59
 
56.30

CRUDE OIL FUTURES CURVES
BRENT
WTI
█ MAY 16   █ MAY 9   █ MAY 2   █ APR 25   (USD/BBL)
MARKET OVERVIEW
MARKETS

CURRENCIES & YIELDS
    TSX SECTORS
52-WK
    SPX SECTORS
52-WK
ENERGY SECTORS

TSX ENERGY SUB-SECTORS

SPX ENERGY SUB-SECTORS
TSX ENERGY STOCKS
TSX BULLISH INDICATORS
TOP 5
Birchcliff Energy (BIR +7.2%)
Secure Energy (SES +3.8%)
Gibson Energy (GEI +2.9%)
Nuvista Energy (NVA +2.9%)
Parex Resources (PXT +2.5%)
12-MO
HIGHS
TransCanada (TRP +1.1%)
TSX BEARISH INDICATORS
BOTTOM
5
Shawcor (SCL -1.5%)
MEG Energy (MEG -1.1%)
Enerplus (ERF -0.8%)
Cenovus Energy (CVE -0.5%)
Tourmaline (TOU -0.2%)
12-MO
LOWS
None
COMPANY TICKER CLOSE %CHG L 52WK H CHART
INTEGRATED
Suncor EnergySU43.76▲1.435.53
 
55.47D   W
Imperial OilIMO38.01▲0.533.52
 
44.91D   W
Husky EnergyHSE13.62▲0.513.10
 
22.99D   W
MIDSTREAM
EnbridgeENB49.91▲1.239.40
 
51.20D   W
TransCanadaTRP64.88▲1.147.90
 
65.37D   W
Pembina PipelinePPL48.95▲1.839.15
 
50.65D   W
Inter PipelineIPL20.93▲1.218.60
 
25.66D   W
Keyera KEY33.46▲0.724.05
 
38.91D   W
Gibson EnergyGEI23.16▲2.916.64
 
23.75D   W
LARGE CAP E&P
Cdn Natural ResCNQ37.46▲0.430.11
 
49.08D   W
Cenovus EnergyCVE11.80▼-0.58.74
 
14.84D   W
EncanaECA9.13▲1.16.90
 
18.54D   W
TourmalineTOU19.69▼-0.215.84
 
26.19D   W
Vermilion EnergyVET31.57▲0.726.67
 
49.67D   W
SERVICES
Pason SystemsPSI19.75▲0.117.18
 
24.57D   W
EnerflexEFX17.42▲0.613.55
 
20.38D   W
Mullen Group MTL10.19▲0.29.39
 
16.93D   W
ShawcorSCL18.84▼-1.515.11
 
28.89D   W
Secure EnergySES7.75▲3.86.25
 
9.44D   W
REFINING & MARKETING
Parkland FuelPKI40.30▲1.330.01
 
47.45D   W
S&P 500 ENERGY STOCKS
SPX BULLISH INDICATORS
TOP 5
Marathon Petro (MPC +3.3%)
Valero Energy (VLO +2.5%)
Pioneer Natural Res (PXD +2.4%)
HollyFrontier (HFC +2.2%)
Hess Corp (HES +2%)
12-MO
HIGHS
Kinder Morgan (KMI +1.4%)
SPX BEARISH INDICATORS
BOTTOM
5
Chevron (CVX -1.2%)
Occidental Petro (OXY -0.9%)
Cabot O&G (COG -0.3%)
Williams Co (WMB -0.3%)
Anadarko Petro (APC -0.2%)
12-MO
LOWS
None
COMPANY TICKER CLOSE %CHG L 52WK H CHART
INTEGRATED
Exxon MobilXOM76.36▼0.064.65
 
87.36D   W
ChevronCVX120.80▼-1.2100.22
 
130.39D   W
MIDSTREAM
Kinder MorganKMI20.42▲1.414.62
 
20.46D   W
Williams CoWMB27.63▼-0.320.36
 
32.22D   W
ONEOKOKE68.10▲1.350.26
 
71.99D   W
LARGE CAP E&P
ConocoPhillipsCOP62.57▲0.956.75
 
80.24D   W
EOG ResourcesEOG95.18▲0.982.04
 
133.53D   W
Occidental PetroOXY53.75▼-0.953.12
 
87.67D   W
Anadarko PetroAPC72.73▼-0.240.40
 
76.70D   W
Pioneer Natural ResPXD155.09▲2.4119.08
 
213.40D   W
SERVICES
SchlumbergerSLB39.86▲1.434.99
 
75.43D   W
HalliburtonHAL25.88▲1.124.33
 
54.91D   W
Baker HughesBHGE22.98▲1.020.09
 
37.41D   W
Ntl-Oilwell VarcoNOV24.75▲0.223.42
 
49.08D   W
TechnipFMCFTI22.97▲0.818.20
 
34.39D   W
REFINERS
Marathon PetroMPC52.86▲3.350.19
 
88.45D   W
Phillips 66PSX88.30▲1.278.44
 
123.97D   W
Valero EnergyVLO85.47▲2.568.81
 
126.98D   W
HollyFrontierHFC44.69▲2.242.19
 
83.28D   W
NYSE ADRs
COMPANY TICKER CLOSE %CHG L 52WK H CHART
Royal Dutch ShellRDS.A64.26▲0.355.04
 
73.86D   W
TotalTOT54.28▲1.649.70
 
65.69D   W
BPBP42.28▲1.236.28
 
47.83D   W
EniE32.83▲1.129.75
 
39.35D   W
EquinorEQNR21.49▲2.219.95
 
28.93D   W
ANALYST RATINGS

UPGRADES

  • None

DOWNGRADES

  • None

LATEST ENERGY NEWS

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 (DIVIDEND ADJUSTED)

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
Canadian crude discounts widen, as June contract expires

Canadian crude discounts widen, as June contract expires

Oil prices continue to rally, as markets recover losses from Monday's meltdown

Oil prices continue to rally, as markets recover losses from Monday's meltdown

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