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Analyzing the Top Energy Gainers Last Week

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May. 20 2019, Updated 8:45 a.m. ET

Energy stocks

In the week ending May 17, midstream stock NGL Energy Partners (NGL) rose the most among the stocks in the energy space. The stock is included in the following ETFs:

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

On May 14, NGL Energy Partners’ stock price rose ~3.2% and closed at $14.33. On the same day, the company announced that “it has executed a definitive agreement to combine all of the assets of Mesquite Disposals Unlimited, LLC (“Mesquite”) with NGL’s Water Solutions business for approximately $890 million on a cash-free, debt-free basis.”

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Other strong performers

Other midstream stocks EnLink Midstream (ENLC) and Shell Midstream Partners (SHLX) had the fourth and fifth-highest increases among energy stocks, respectively, last week. AMLP rose 0.9% and was the second-largest outperformer among energy subsector ETFs.

Upstream stock California Resources (CRC) was the second-largest gainer among energy stocks, respectively, last week. During this period, US crude oil prices rose 1.8%, while natural gas active futures rose 0.5%. Higher energy prices could explain California Resources’ gains. Since California Resources’ first-quarter earnings results, the stock prices have risen 13.6%.

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