Analyzing the Weakest Energy Performers Last week

On March 29–April 6, 2018, upstream stock RSP Permian (RSPP) fell the most on our list of energy stocks. During this period, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.6%—the largest loss among the energy subsector ETFs discussed in Part 2.

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)

Other upstream stocks, Concho Resources (CXO), WPX Energy (WPX), and Callon Petroleum (CPE) were second, third, and fifth on our list of the top energy losses on March 29–April 6, 2018.

RSP Permian, Concho Resources, WPX Energy, and Callon Petroleum operate with a production mix of at least 60% in liquids based on their latest quarterly production data. Liquids include crude oil, condensates, and natural gas liquids.

During this period, midstream stock TC PipeLines (TCP) was fourth on our list of the top energy losses. The Alerian MLP ETF (AMLP) fell 0.2% during this period.

On March 29–April 6, 2018, US crude oil May futures and natural gas May futures fell 4.4% and 1.2%. The S&P 500 Index (SPY) declined 1.4%. So, the top five energy losses on our list underperformed energy commodities and the equity market during this period.