Crude oil climbs again—OK energy stocks slumped

EIA Forecasts Rising Oil Prices in 2021 - OILMAN Magazine

 

Crude oil prices made another rung in the ladder of higher prices on Tuesday inching closer to $85 a barrel in the US while settling at a strong $86 a barrel in Europe. But it didn’t help most Oklahoma energy stocks.

West Texas Intermediate crude for December delivery finished up 89 cents at $84.65 a barrel in trading on the New York Mercantile Exchange. That amounts to an increase of 1.06%.

Brent crude for December delivery didn’t have as strong a close, but still managed a 41 cent increase to $86.40 a barrel on ICE Futures Europe.

November natural gas slipped 2 cents to $5.88 per 1,000 cubic feet.

 

What was the impact on Oklahoma energy stocks? Not so good as at least 13 companies recorded losses for the day including 3% by PHX Minerals. But Alliance Resource Partners had a 3% gain and Devon rose 2%.

 

Alliance Resource Partners, L.P.

NASDAQ: ARLP
12.57 USD +0.37 (3.03%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
3.29 USD −0.050 (1.50%)
Chesapeake Energy Ord Shs
NASDAQ: CHK
67.58 USD −0.17 (0.25%)
Continental Resources, Inc.
NYSE: CLR
52.00 USD +0.17 (0.33%)
Coterra Energy Inc
NYSE: CTRA
22.47 USD −0.095 (0.42%)
Devon Energy Corp
NYSE: DVN
41.51 USD +0.85 (2.09%)
Enable Midstream Partners LP
NYSE: ENBL
8.43 USD −0.11 (1.29%)
Gulfport Energy Corp
NYSE: GPOR
84.74 USD +0.43 (0.51%)
Helmerich & Payne, Inc.
NYSE: HP
33.67 USD −0.22 (0.65%)
LSB Industries, Inc.
NYSE: LXU
8.95 USD +0.12 (1.36%)
Laredo Petroleum Inc
NYSE: LPI
85.13 USD −0.81 (0.94%)
Magellan Midstream Partners, L.P.
NYSE: MMP
49.40 USD −1.11 (2.20%)
Mammoth Energy Services Inc
NASDAQ: TUSK
3.39 USD −0.080 (2.31%)
Matrix Service Co
NASDAQ: MTRX
10.46 USD +0.020 (0.19%)
NGL Energy Partners LP
NYSE: NGL
2.42 USD +0.035 (1.47%)
OGE Energy Corp.
NYSE: OGE
34.26 USD +0.0100 (0.029%)
ONE Gas Inc
NYSE: OGS
68.48 USD −0.54 (0.78%)
ONEOK, Inc.
NYSE: OKE
65.85 USD −0.050 (0.076%)
Ovintiv Inc
NYSE: OVV
39.46 USD +0.34 (0.88%)
PHX Minerals Inc
NYSE: PHX
3.17 USD −0.100 (3.06%)
SandRidge Energy Inc.
NYSE: SD
12.80 USD 0.00 (0.00%)
Units Ord Shs
OTCMKTS: UNTC
34.02 USD −0.73 (2.10%)
Williams Companies Inc
NYSE: WMB
28.59 USD −0.22 (0.76%)
Oil inventories to edge up, impact from Biden policies to take time - BIC Magazine
 Here’s how others fared Tuesday according to the Texas Energy Report.

Apache (APA) down 0.08 at 28.15 – change 0.25%

Cheniere (LNG) down 0.82 at 107.18 – change 0.76%

Chevron (CVX) up 0.25 at 114.10 – change 0.21%

ConocoPhillips (COP) up 0.51 at 77.03 – change 0.66%

Diamondback Energy (FANG) up 2.27 at 111.69 – change 2.08%

Energy Transfer LP (ET) down 0.12 at 9.86 – change 1.21%

Enterprise Products Partners (EPD) down 0.30 at 24.26 – change 1.23%

EOG Resources (EOG) up 0.96 at 95.00 – change 1.02%

ExxonMobil (XOM) up 1.49 at 65.84 – change 2.31%

Kinder Morgan (KMI) down 0.23 at 17.62 – change 1.29%

Marathon Oil Corp. (MRO) up 0.07 at 16.85 – change 0.41%

National Oilwell Varco (NOV) down 0.06 at 14.60 – change 0.41%

Occidental Petroleum (OXY) up 0.14 at 35.36 – change 0.39%

Phillips 66 (PSX) down 1.51 at 82.22 – change 1.81%

Pioneer Natural Resources (PXD) down 0.78 at 191.91 – change 0.41%

Valero (VLO) down 0.81 at 81.88 – change 0.98%


CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 0.25 at 84.42 – change 0.30%

CenterPoint (CNP) down 0.09 at 26.68 – change 0.34%

Entergy (ETR) up 0.11 at 103.90 – change 0.10%