Which Energy Stocks Outperformed between June 26 and June 30?
Top gainers in the energy sector
Between June 23 and June 30, 2017, midstream stock NGL Energy Partners (NGL) rose 16.7%and was the biggest gainer among the energy stocks that are the part of the following energy ETFs:
- the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
- the Energy Select Sector SPDR ETF (XLE)
- the VanEck Vectors Oil Services ETF (OIH)
- the Alerian MLP ETF (AMLP)
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Other midstream stocks such as Energy Transfer Equity (ETE) and Crestwood Equity Partners (CEQP) ranked second and fifth in the list of top energy gainers. The Alerian MLP ETF (AMLP) was the highest gainer among the energy subsector ETFs, which we discussed in the previous part of this series.
On June 29, 2017, Energy Transfer announced an MoU (Memorandum of Understanding) between its subsidiary Lake Charles LNG Export Company and Korea Gas Corporation “to study the feasibility of joint participation in the Lake Charles LNG Liquefaction Project.” A subsidiary of Royal Dutch Shell (RDS.A) will also participate in the study.