Oil prices and energy stocks end the week on a high note

Oil prices and energy stocks end the week on a high note

Today's energy market action:

  • Oil prices ended the week on a high note, with most benchmarks posting gains for the day.
  • Brent rose 2.6% on Friday, and almost 7% for the week.
  • WTI rose 2.2% for the day, and was also up over 5% for the week.
  • Differentials on Canadian crude and condensate were roughly unchanged.
  • WCS rose 3%, recovering some of yesterday's losses. The Canadian heavy benchmark lost almost 5% this week.
  • Gasoline prices rose 4%, while heating oil and Henry Hub both gained about 2%.

Today's currency, treasury and equity market action:

  • Bond yields were little changed on Friday, but managed to end the week higher.
  • The US dollar was also unchanged, as was the Euro and the yen. The British pound was Friday's big winner in currency markets, gaining 0.7%. The loonie rose 0.4%.
  • Except for Asian markets, most other global stock markets ended the week higher.
  • In the US, the NYSE rose 1.3%, while the NASDAQ gained 0.6%.
  • The Dow Jones Industrial Average shot up over 400 points on Friday, bringing the weekly gain to almost 800 points.
  • The S&P 500 rose over 1%, led higher by the more offensive sectors. The SPX energy sector gained 1.6%, and was the day's best performer.
  • In Toronto, the TSX rose almost 1%. Energy was also the best performing sector, gaining 3.2% for the day. For the week, the Canadian energy sector rose over 7%, now recovering most of the losses of late-December.
  • All US and Canadian energy subsectors ended Friday in the green.

Today's notable energy news:

  • Enbridge posted a $1.1 billion profit in the fourth quarter, and $2.5 billion for the full-year 2018. The company brought $7 billion worth of projects online last year, and has another $16 billion planned by 2023. Its massive Mainline network transported a record 2.7 million bbl/day in Q4, while its oil sands pipelines shipped 1.9 million bbl/day, up from 1.4 million bbl/day the previous year.
  • Anadarko Petroleum signed another gas supply contract for its proposed Mozambique LNG project, this time with India's Bharat Gas Resources. The company has agreed to supply 1 million t/y of LNG over 15 years. This latest deal brings the total commitments to 8.5 million t/y, with several more deals expected over the near term. A final investment decision on the 12.88 million t/y LNG project is expected in the first half of this year.
  • Royal Dutch Shell has agreed to acquire German solar battery maker sonnen. Financial terms of the deal were not disclosed.
OIL PRICES - DAILY % CHANGE
WTI DIFFERENTIALS
STREAM CLOSE %CHG L 52WK H
BRENT$66.25▲2.650.47
 
86.29
WTI$55.59▲2.242.53
 
76.41
CDN LT$49.09▲2.520.83
 
69.32
C5+$51.14▲2.437.04
 
71.40
WCS$41.09▲3.012.59
 
56.21

CRUDE OIL FUTURES CURVES
BRENT
WTI
█ FEB 15   █ FEB 8   █ FEB 1   █ JAN 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
  • Encana (ECA +5.2%)
  • Parex Resources (PXT +4.5%)
  • Cdn Natural Res (CNQ +4.1%)
  • Peyto Exploration (PEY +4%)
  • Suncor Energy (SU +3.8%)
  • 12-MO HIGHS
  • Pembina Pipeline (PPL +1%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • TSX BEARISH INDICATORS
    BOTTOM
    5
  • CES Energy (CEU -1.8%)
  • Inter Pipeline (IPL -1.1%)
  • Nuvista Energy (NVA -0.2%)
  • Precision Drilling (PD 0%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H CHART
    INTEGRATED
    Suncor EnergySU44.88▲3.835.53
     
    55.47D   W
    Imperial OilIMO36.22▲2.233.43
     
    44.91D   W
    Husky EnergyHSE15.62▲1.413.33
     
    22.99D   W
    MIDSTREAM
    EnbridgeENB47.40▲0.137.36
     
    49.70D   W
    TransCanadaTRP56.74▲0.747.90
     
    59.51D   W
    Pembina PipelinePPL48.66▲1.037.60
     
    49.05D   W
    Inter PipelineIPL21.32▼-1.118.60
     
    25.66D   W
    Keyera KEY28.57▲1.424.05
     
    38.91D   W
    Gibson EnergyGEI21.27▲3.115.68
     
    23.32D   W
    LARGE CAP E&P
    Cdn Natural ResCNQ36.87▲4.130.11
     
    49.08D   W
    Cenovus EnergyCVE11.48▲3.38.74
     
    14.84D   W
    EncanaECA9.14▲5.26.90
     
    18.54D   W
    TourmalineTOU20.34▲1.915.84
     
    26.19D   W
    Vermilion EnergyVET32.58▲1.026.67
     
    49.67D   W
    SERVICES
    Pason SystemsPSI20.42▲2.316.61
     
    24.57D   W
    EnerflexEFX17.01▲2.013.55
     
    18.72D   W
    Mullen Group MTL11.91▲0.911.26
     
    16.93D   W
    ShawcorSCL20.60▲1.315.11
     
    28.89D   W
    Secure EnergySES8.59▲3.46.25
     
    8.91D   W
    REFINING & MARKETING
    Parkland FuelPKI38.39▲1.527.96
     
    47.45D   W
    S&P 500 ENERGY STOCKS
    SPX BULLISH INDICATORS
    TOP 5
  • Devon Energy (DVN +4%)
  • EOG Resources (EOG +3.4%)
  • Anadarko Petro (APC +3.3%)
  • TechnipFMC (FTI +3%)
  • Concho Res (CXO +3%)
  • 12-MO HIGHS
  • Kinder Morgan (KMI -0.4%)
  • 10-YR HIGHS
  • None
  • GOLDEN CROSSES
  • None
  • SPX BEARISH INDICATORS
    BOTTOM
    5
  • Kinder Morgan (KMI -0.4%)
  • 12-MO LOWS
  • None
  • 10-YR LOWS
  • None
  • DEATH CROSSES
  • None
  • COMPANY TICKER CLOSE %CHG L 52WK H CHART
    INTEGRATED
    Exxon MobilXOM77.71▲1.964.65
     
    87.36D   W
    ChevronCVX119.35▲1.0100.22
     
    131.08D   W
    MIDSTREAM
    Kinder MorganKMI18.80▼-0.414.62
     
    18.98D   W
    Williams CoWMB27.27▲1.520.36
     
    32.22D   W
    ONEOKOKE67.71▲1.550.26
     
    71.99D   W
    LARGE CAP E&P
    ConocoPhillipsCOP70.18▲1.652.78
     
    80.24D   W
    EOG ResourcesEOG100.25▲3.482.04
     
    133.53D   W
    Occidental PetroOXY67.19▲0.956.83
     
    87.67D   W
    Anadarko PetroAPC45.23▲3.340.40
     
    76.70D   W
    Pioneer Natural ResPXD145.35▲1.6119.08
     
    213.40D   W
    SERVICES
    SchlumbergerSLB44.95▲1.834.99
     
    75.43D   W
    HalliburtonHAL31.85▲0.824.70
     
    54.91D   W
    Baker HughesBHGE25.83▲0.720.09
     
    37.76D   W
    Ntl-Oilwell VarcoNOV29.81▲2.724.27
     
    49.08D   W
    TechnipFMCFTI23.54▲3.018.20
     
    34.39D   W
    REFINERS
    Marathon PetroMPC65.15▲1.754.29
     
    88.45D   W
    Phillips 66PSX95.99▲1.278.44
     
    123.97D   W
    Valero EnergyVLO84.40▲1.068.81
     
    126.98D   W
    HollyFrontierHFC57.89▲1.542.42
     
    83.28D   W
    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 CHART
    Royal Dutch ShellRDS.A62.56▲0.755.04
     
    73.86D   W
    TotalTOT56.29▲1.749.70
     
    65.69D   W
    BPBP42.29▲1.036.28
     
    47.83D   W
    EniE34.24▲2.129.75
     
    40.15D   W
    EquinorEQNR23.10▲2.019.95
     
    28.93D   W
    ANALYST RATINGS

    UPGRADES

    • None

    DOWNGRADES

    • Laredo Petroleum (LPI): Downgraded from Buy to Hold at Societe General.

    • Occidental Petroleum (OXY): Downgraded from Overweight to Underweight at Barclays.

    • Pioneer Natural Resources (PXD): Downgraded from Buy to Hold at TD Securities.

    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
    WCS tumbles almost 10%, as heavy oil discount widens

    WCS tumbles almost 10%, as heavy oil discount widens

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