The nation’s rollout of a vaccine to fight COVID-19 spurred investors on Wall Street Monday as crude oil futures hit a 9-month high. But it turned into a low for Oklahoma energy stocks.
West Texas Intermediate crude for January delivery rose 42 cents to $46.99 a barrel in trading on the New York Mercantile Exchange. It amounted to a nearly 1% gain.
The global benchmark Brent crude for February deliver jumped 41 cents and finished the day at $50.36 a barrel in trading on ICE Futures Europe. The change was about a 1% gain.
Natural gas rose 9 cents and finished at $2.68 per MMBtu for a nearly 4% gain for the day in trading on the New York Mercantile Exchange.
But the exuberance over the distribution of the new vaccine didn’t transfer to Oklahoma energy stocks as most suffered losses for the day.
SandRidge Energy Inc. was an exception as shares jumped 33 cents to finish at $3.44 for a gain of nearly 11%.
Alliance Resource Partners, L.P. dropped about 2% or a dime a share to finish the day at $4.99. Blueknight Energy Partners LP fell 5 cents or a decline of nearly 3% to $1.75. Chesapeake Energy Corporation closed down 12 cents at $2.18 for a drop of more than 5%.
LSB Industries, Inc. dropped 23 cents or about 8% and settled at $2.66. Laredo Petroleum Inc lost $2.28 and closed at $19.51 for a 10.46% drop. Magellan Midstream Partners, L.P. closed at $45.57 with a $1.01 loss or 2.17% decline.
Chevron (CVX) down 3.01 at 89.44 – change 3.26%
Concho Resources (CXO) down 1.68 at 61.59 – change 2.66%
ConocoPhillips (COP) down 1.16 at 42.32 – change 2.67%
Diamondback Energy (FANG) down 3.16 at 46.95 – change 6.31%
Energy Transfer LP (ET) down 0.06 at 6.95 – change 0.86%
Enterprise Products Partners (EPD) down 0.45 at 21.16 – change 2.09%
EOG Resources (EOG) down 1.52 at 52.08 – change 2.84%
ExxonMobil (XOM) down 1.58 at 42.22 – change 3.61%
Kinder Morgan (KMI) down 0.44 at 14.31 – change 2.99%
Marathon Oil Corp. (MRO) down 0.34 at 6.72 – change 4.82%
National Oilwell Varco (NOV) down 0.61 at 13.71 – change 4.26%
Occidental Petroleum (OXY) down 1.72 at 19.17 – change 8.24%
Parsley Energy (PE) down 0.36 at 14.01 – change 2.51%
Phillips 66 (PSX) down 2.32 at 67.19 – change 3.34%
Pioneer Natural Resources (PXD) down 2.46 at 113.11 – change 2.13%
Valero (VLO) down 2.64 at 56.39 – change 4.48%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) down 0.56 at 82.21 – change 0.67%
CenterPoint (CNP) down 0.11 at 21.64 – change 0.51%
Entergy (ETR) down 1.37 at 101.41 – change 1.34%