Top Energy Gainers on September 25–29, 2017
On September 22–29, 2017, upstream stock Carrizo Oil & Gas (CRZO) was the largest gainer among our list of energy stocks. The list focuses on stocks from energy ETFs like the VanEck Vectors Oil Services ETF (OIH), the Energy Select Sector SPDR ETF (XLE), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), and the Alerian MLP ETF (AMLP). A few other US-listed integrated energy companies are also on the list.
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The other top four energy gainers were oilfield services stocks. The VanEck Vectors Oil Services ETF (OIH) outperformed the other energy subsector ETFs on September 22–29, 2017, as we discussed in Part 2 of this series.
Last week, oilfield services stocks Transocean (RIG), Ensco (ESV), Rowan Companies (RDC), and Noble (NE) were ranked second, third, fourth, and fifth, respectively, on our list of the top energy gainers.
On September 28, 2017, Ensco reported that it got a commitment from its lenders for a two-year extension on the maturity date of its revolving credit facility. Earlier, the maturity date was fixed in 2020. The announcement was in connection with its pending Atwood Oceanics acquisition.
In the next part, we’ll analyze the top energy losers last week.