RECENT Energy and Power RESEARCH
For the week starting September 25, crude oil (USO)(USL) prices are leading the rise in energy commodities. Crude oil prices rose from last week’s close of $50.66 per barrel.
One of the biggest competitive utilities, FirstEnergy (FE) fell 2.5% and closed at $30.06 on September 27. US utility stocks (XLU) have been trending downward recently.
November WTI (West Texas Intermediate) crude oil futures contracts rose 0.5% and settled at $52.14 per barrel on September 27, 2017.
In 1Q16, Marathon Oil (MRO) stock marked a significant reversal. The stock had been on a downtrend from September 2014 to February 2016 due to declining crude oil (USO) prices.
BP Midstream Partners LP filed a registration statement with the SEC for its proposed initial public offering. BP expects the IPO to hit the market in 4Q17, subject to market conditions.
On September 26, US crude oil November futures fell 0.7% and closed at $51.88 per barrel, but between September 19 and 26, US crude futures rose 4%.
Coal prices sway based on various factors, including the prices of other fuels. When the price of another fuel looks more appealing, coal demand falls.
Carbon emission awareness has been gaining greater prominence on many market participants’ radar as they continue to seek and demand carbon emission information and related risks for companies associated with…
US utilities have risen nearly 12% year-to-date and surpassed broader markets. Very few utility stocks offer handsome potential upside going forward.
US crude oil futures contracts for November delivery fell 0.7% and settled at $51.8 per barrel on September 26, 2017.
Chesapeake Energy (CHK) stock rose 5.5% in the week ended September 22, 2017. CHK stock has fallen 39% year-to-date.
Whiting Petroleum stock has held onto its upward movement from last week, when it rose ~4.1%, but on a year-over-year basis, the stock has fallen ~60%.
In this series, we’ll rank ten global integrated energy companies based on their 3Q17 returns quarter-to-date. We’ll also look at the individual performances of these integrated companies.
For the week ending September 22, 2017, Pioneer Natural Resources (PXD) stock rose more than 5% from $136.93 to $144.01.
Basic Energy Services’ (BAS) management expects steady well completion activity until mid-2018, which should benefit the company.
On September 25, 2017, US crude oil (USO) (DBO) November futures rose 3.1% and closed at $52.22 per barrel—the highest closing level since April 19, 2017.
The four biggest utilities by market cap in XLU—NextEra Energy, Duke Energy, Dominion Energy, and Southern Company—all offer handsome dividend profiles.
Arch Coal (ARCH) sold 96 million tons of coal in 2016, meeting ~13% of the coal supply in the US. In October 2016, ARCH emerged from Chapter 11 bankruptcy.
Schlumberger’s (SLB) one-week returns were 2.0% as of September 22, 2017. Since September 15, the Energy Select Sector SPDR ETF (XLE) has risen 2.0%.
Since the week ending September 15, 2017, Weatherford International (WFT) stock has fallen 4% until September 22, 2017.