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Strongest Upstream Stocks in the Week Ending September 28
In the week ending September 28, W&T Offshore (WTI) was still among the top upstream gainers for the second consecutive week.
Weakest Upstream Stocks in the Week Ending September 21
Talos Energy, an exploration and production company involved in offshore drilling, was the weakest upstream stock in the week ending September 21.
Weakest E&P Stocks in the Week Ending August 31
SandRidge Energy was the weakest E&P company in the week ending August 31. SandRidge Energy fell 4.5% last week amid weakness in natural gas prices.
Top E&P Gainers for the Week Ending August 17
Energen (EGN) was the top E&P (exploration & production) gainer in the week ending August 17—it gained 6.2%.
Last Week’s Strongest Exploration and Production Stocks
Black Stone Minerals (BSM), a mineral interest owner structured as an MLP, was the strongest E&P (exploration and production) stock last week, rising 11.1%.
US Crude Oil Rigs Have Increased ~15% in 2018
Baker Hughes reported that US crude oil rigs fell by four to 858 on June 22–29. However, the rigs have risen by 102 or ~13.5% from a year ago.
US Crude Oil Rigs Fell Slightly
Baker Hughes released its US crude oil rigs report on June 22. Baker Hughes reported that US crude oil rigs fell by one to 862 on June 15–22.
US Natural Gas Inventories: Lowest since 2014 This Time of Year
On June 7, the EIA reported that US natural gas inventories rose 92 Bcf to 1,817 Bcf from May 25 to June 1.
Your Upstream Losers This Week: EXXI, REN, EPE, CPE, and UNT
So far this week (as of Tuesday, November 14), Energy XXI Gulf Coast (EXXI) has fallen from last week’s close of $8.83 to $5.49—a significant fall of ~38%.