Integrated energy stocks

Continuing with the biggest movers in the energy sector, let’s look now at the top gainers from the integrated energy sector in the United States for the week that started November 20, 2017.

Integrated Energy Gainers Last Week: TOT, PTR, STO, CEO, BP

Total Fina Elf SA leading the integrated stocks

In the week that started November 20, 2017, Total Fina Elf SA (TOT) was at the top of the list of gainers from the integrated energy group. TOT rose from the previous week’s close of $54.78 on November 17, 2017, to $56.18 on November 22, 2017, a rise of 2.4%. There was no press release from the company last week.

However, two weeks prior, Total announced an agreement to acquire upstream LNG (liquified natural gas) assets from Engie for ~$1.5 billion. Engie’s portfolio includes a participating interest in the Cameron LNG project in the United States, long-term LNG agreements, an LNG tanker fleet, and access to regasification capacities in Europe.

While commenting on the transaction, Patrick Pouyanné, president and chief executive officer of Total, said, “The acquisition of Engie’s upstream LNG business enables Total to accelerate the implementation of its strategy to integrate along the full gas value chain, in an LNG market growing strongly at 5% to 6% per year. The combination of these two complementary portfolios will allow the Group to manage an overall volume of around 40 million tonnes of LNG per year by 2020, making Total the second largest global player among the majors with a worldwide market share of 10%.”

Other integrated energy gainers

Other notable gainers in the integrated energy group are Petrochina (PTR), Statoil ASA (STO), China National Offshore Oil (CEO), and BP (BP). These stocks rose 2.2%, 2%, 1.9%, and 1.8%, respectively, at the mid-point of last week.

The iShares U.S. Energy ETF (IYE) rose 0.51% as of the middle of last week.  In comparison, the SPDR Dow Jones Industrial Average ETF (DIA) rose 0.76% in the same period.

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