Oklahoma energy stocks follow falling crude oil prices

West Texas Oil Price Drops Below Zero Dollars as Coronavirus Results in Historic Demand Downturn | The Texan

For a third consecutive day this week, crude oil prices fell on Wednesday’s trading as analysts blamed the drop on growing worries about the spread of the coronavirus Delta variant. Energy stocks in Oklahoma did the same with some dropping as much as nearly 11%.

West Texas Intermediate crude suffered a 3.4% drop as prices fell $2.41 to finish the day at $68.15 a barrel, slipping under the $70 mark.

Brent futures, considered the global benchmark fell $2.03 or 2.8% and settled at $70.38 a barrel on ICE Futures Europe. Both benchmarks haven’t had that low of a close since July 20.

The drop in oil prices was echoed by Oklahoma energy stocks as many had significant losses including a drop of nearly 11% by Laredo Petroleum.

Alliance Resource Partners, L.P.
NASDAQ: ARLP

7.68 USD −0.020 (0.26%)

Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP

3.35 USD −0.030 (0.89%)

Chesapeake Energy Ord Shs
NASDAQ: CHK

54.48 USD −0.090 (0.16%)

Cimarex Energy Co
NYSE: XEC

63.51 USD −2.16 (3.29%)

Continental Resources, Inc.
NYSE: CLR

32.83 USD −1.87 (5.39%)

Cypress Environmental Partners LP
NYSE: CELP

2.02 USD +0.11 (5.71%)

Devon Energy Corp
NYSE: DVN

25.29 USD −0.93 (3.55%)

Enable Midstream Partners LP
NYSE: ENBL

7.96 USD −0.30 (3.57%)

Gulfport Energy Corp
NYSE: GPOR

69.36 USD −1.62 (2.28%)

Helmerich & Payne, Inc.
NYSE: HP

26.25 USD −2.15 (7.57%)

LSB Industries, Inc.
NYSE: LXU

7.79 USD −0.51 (6.14%)

Laredo Petroleum Inc
NYSE: LPI

47.04 USD −5.74 (10.88%)

Magellan Midstream Partners, L.P.
NYSE: MMP

47.61 USD −0.40 (0.82%)

Mammoth Energy Services Inc
NASDAQ: TUSK

3.40 USD −0.29 (7.86%)

Matrix Service Co
NASDAQ: MTRX

10.64 USD −0.050 (0.47%)

NGL Energy Partners LP
NYSE: NGL

1.74 USD −0.10 (5.43%)

OGE Energy Corp.
34.10 USD−0.24 (0.70%)
ONE Gas Inc
NYSE: OGS

73.82 USD −1.06 (1.42%)

ONEOK, Inc.
NYSE: OKE

51.72 USD +0.26 (0.52%)

Ovintiv Inc
NYSE: OVV

24.56 USD −1.08 (4.21%)

PHX Minerals Inc
NYSE: PHX

2.86 USD −0.14 (4.67%)

SandRidge Energy Inc.
NYSE: SD

5.59 USD −0.100 (1.76%)

Units Ord Shs
OTCMKTS: UNTC

19.50 USD +0.25 (1.30%)

Williams Companies Inc
NYSE: WMB

24.89 USD −0.22 (0.88%)

U.S. oil prices drop below $40 on fears rising coronavirus cases will crimp demand - MarketWatch
 The Texas Energy Report indicated other energy stocks had significant losses including Valero where the loss was nearly 7%.

Cabot Oil & Gas (COG) down 0.50 at 15.86 – change 3.06%

Chevron (CVX) down 2.31 at 100.30 – change 2.25%

ConocoPhillips (COP) down 1.87 at 54.93 – change 2.95%

Diamondback Energy (FANG) down 4.11 at 76.42 – change 5.10%

Energy Transfer LP (ET) down 0.44 at 9.27 – change 4.53%

Enterprise Products Partners (EPD) down 0.21 at 22.25 – change 0.93%

EOG Resources (EOG) down 2.94 at 70.74 – change 3.99%

ExxonMobil (XOM) down 1.36 at 56.84 – change 2.34%

Kinder Morgan (KMI) down 0.34 at 17.14 – change 1.95%

Marathon Oil Corp. (MRO) down 0.50 at 11.05 – change 4.33%

National Oilwell Varco (NOV) down 0.79 at 12.92 – change 5.76%

Occidental Petroleum (OXY) down 0.75 at 25.69 – change 2.84%

Phillips 66 (PSX) down 4.43 at 71.64 – change 5.82%

Pioneer Natural Resources (PXD) down 3.51 at 150.00 – change 2.29%

Valero (VLO) down 4.75 at 64.18 – change 6.89%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.26 at 88.83 – change 0.29%

CenterPoint (CNP) down 0.17 at 25.70 – change 0.66%

Entergy (ETR) down 0.29 at 103.71 – change 0.28%

%d bloggers like this: