Who Were the Top Energy Losers Last Week?
Upstream stock, Denbury Resources (DNR) was the largest loser on our list of energy stocks on July 14–21, 2017. The list is made of up stocks from major energy ETFs such as the Alerian MLP ETF (AMLP), the VanEck Vectors Oil Services ETF (OIH), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), and the Energy Select Sector SPDR ETF (XLE). A few US-listed, but foreign-based integrated energy stocks are also included on the list.
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Another upstream stock, Sanchez Energy (SN) was the fourth-highest loser on our list of energy stocks last week. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was the third-highest loser among energy ETFs, as we discussed in Part 2 of this series.
U.S. Silica Holdings (SLCA) is a fracking sand supplier—it’s part of OIH. U.S. Silica Holdings was the second-highest loser among our list of energy stocks.
Integrated energy stock, YPF Sociedad Anonima (YPF) was the third-largest loser on our list of energy stocks, while midstream stock NGL Energy Partners LP (NGL) was the fifth-largest loser. On July 20, 2017, NGL Energy Partners announced a cash distribution of 0.39 per unit on a quarterly basis.
In the next part, we’ll focus on important energy sector updates last week.