On March 9–16, 2018, midstream stocks TC Pipelines (TCP), Enbridge Energy Partners (EEP), Dominion Energy Midstream Partners (DM), and Spectra Energy Partners (SEP) were first, second, third, and fourth on our list of the top energy losers.
During this period, the Alerian MLP ETF (AMLP) fell 3.1%—the highest loser among the energy subsector ETFs discussed in Part 2. More than a 15% fall in most of these midstream stocks last week could be due to the Federal Energy Regulatory Commission’s recent rulings.
We made our list of energy stocks from the following energy subsector ETFs plus a few integrated energy stocks.
- the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
- the Energy Select Sector SPDR ETF (XLE)
- the Alerian MLP ETF (AMLP)
- the VanEck Vectors Oil Services ETF (OIH)
Downstream stock CVR Energy (CVI) was the fifth-highest loser on our list of energy stocks last week.
In the seven calendar days to March 16, 2018, our top five energy losers underperformed a gain of 0.8% and a loss of 1.2% in US crude oil May futures and the S&P 500 Index (SPY), respectively.