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.