These Energy Stocks Fell the Most Last Week



Energy stocks

Between August 11–18, 2017, upstream stock Denbury Resources (DNR) was the biggest loser among the energy sector stocks in our group of stocks in the following key energy ETFs:

  • the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
  • the VanEck Vectors Oil Services ETF (OIH)
  • the Energy Select Sector SPDR ETF (XLE)
  • the Alerian MLP ETF (AMLP)

Our group of energy stocks has been extended to include a few US-listed integrated energy companies that operate outside the US.

Cobalt International Energy (CIE), Marathon Oil (MRO), and Whiting Petroleum (WLL) were the second-, fourth-, and fifth-biggest losers, respectively, in our group of select energy stocks. Notably, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was the second-biggest loser among energy sub-sector ETFs (see Part 2 of this series).

On August 15, 2017, Whiting Petroleum (WLL) announced the sale of its assets in the Fort Berthold area in North Dakota. The deal could fetch ~$500 million.

On August 15, 20117, Transocean (RIG) announced that it would be acquiring Songa Offshore. RIG was the third-biggest loser last week among the energy stocks in our select group.

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