While crude oil futures approached 1-year highs in Wednesday’s trading, Oklahoma energy stocks for the most part suffered losses.
With one major exception. Matrix Service Co, headquartered in Tulsa had a nearly 26% gain for the day as its shares soared $3.13 each to finish the day at $15.36. Officially, that’s a gain of 25.59%.
Brent and West Texas Intermediate crude prices apparently were the recipients of investors who laid money down on more stimulus coming from the federal government and that COVID-19 vaccine will fuel an economic recovery.
At one point in the trading, Brent crude was approaching the $57 mark while WTI in the U.S. was more than $53 a barrel…the highest level since February.
But, there’s always a but, by the end of the trading day, both WTI and Brent suffered losses.
West Texas Intermediate crude lost 12 cents or 0.23% and fell to $52.79—-still close to the $53 mark.
Global benchmark Brent crude for March delivery dropped 52 cents or a nearly 1% fall to $56.06 in trading on ICE Futures Europe.
Natural gas up 0.02 at 2.75 – change 0.70%
Alliance Resource Partners, L.P. rose 20 cents a share to finish at $5.62 for a 3.69% gain for the day.
The Texas Energy Report showed others suffered losses too.
Chevron (CVX) down 0.09 at 93.25 – change 0.10%
Concho Resources (CXO) down 0.59 at 68.59 – change 0.86%
ConocoPhillips (COP) down 0.39 at 47.03 – change 0.83%
Diamondback Energy (FANG) down 1.33 at 61.54 – change 2.12%
Energy Transfer LP (ET) up 0.10 at 7.24 – change 1.40%
Enterprise Products Partners (EPD) up 0.33 at 22.74 – change 1.47%
EOG Resources (EOG) down 1.97 at 60.47 – change 3.16%
ExxonMobil (XOM) up 0.54 at 48.42 – change 1.12%
Kinder Morgan (KMI) up 0.10 at 15.31 – change 0.65%
Marathon Oil Corp. (MRO) down 0.35 at 8.03 – change 4.18%
National Oilwell Varco (NOV) down 0.65 at 15.35 – change 4.07%
Occidental Petroleum (OXY) down 0.29 at 22.33 – change 1.29%
Phillips 66 (PSX) down 1.97 at 71.77 – change 2.68%
Pioneer Natural Resources (PXD) down 4.20 at 130.93 – change 3.11%
Valero (VLO) down 1.81 at 57.70 – change 3.05%
CLOSING TOP UTILITY STOCKS
American Electric Power (AEP) up 0.31 at 78.15 – change 0.39%
CenterPoint (CNP) up 0.12 at 20.82 – change 0.57%
Entergy (ETR) up 0.95 at 93.65 – change 1.02%