Oil prices rebounded but OK energy stocks lost in Thursday’s trading

Oil jumps on expectations producers may cut supply after 4% slump

 

After hitting their lowest levels in nearly 6 weeks, crude oil prices on Thursday rebounded in the U.S. and globally. But it wasn’t enough to help Oklahoma energy stocks as several experienced losses for the day, including one with a 16% drop in share prices.

West Texas Intermediate crude for December delivery managed a 65-cent climb to $79.01 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude for January delivery went up 96 cents and closed at $81.24 a barrel on ICE Futures Europe.

Natural gas for December delivery also rose in Thursday’s trading, closing up 8 cents at $4.90 per 1,000 cubic feet

Only a few Oklahoma energy stocks made gains for the day while a handful of companies suffered big losses including Helmerich & Payne with a more than 16% drop. Mammoth Energy went down more than 9%. Three others saw losses of more than 5%.

 

Alliance Resource Partners, L.P.
NASDAQ: ARLP
Follow
10.13 USD −0.15 (1.46%)
Blueknight Energy Partners LP Common Stock
NASDAQ: BKEP
Follow
3.36 USD +0.040 (1.20%)
Chesapeake Energy Ord Shs
NASDAQ: CHK
Follow
64.23 USD +0.48 (0.75%)
Continental Resources, Inc.
NYSE: CLR
Following
47.25 USD +0.76 (1.63%)
Coterra Energy Inc
NYSE: CTRA
Follow
20.77 USD +0.16 (0.78%)
Cypress Environmental Partners LP
NYSE: CELP
Follow
1.31 USD −0.077 (5.57%)
Devon Energy Corp
NYSE: DVN
Follow
43.32 USD +1.03 (2.44%)
Enable Midstream Partners LP
NYSE: ENBL
Follow
7.60 USD −0.080 (1.04%)
Gulfport Energy Corp
NYSE: GPOR
Follow
79.07 USD −1.53 (1.90%)
Helmerich & Payne, Inc.
NYSE: HP
Following
26.16 USD −5.16 (16.48%)
LSB Industries, Inc.
NYSE: LXU
Follow
10.13 USD −0.020 (0.20%)
Laredo Petroleum Inc
NYSE: LPI
Follow
65.86 USD −0.13 (0.20%)
Magellan Midstream Partners, L.P.
NYSE: MMP
Follow
47.67 USD −0.50 (1.04%)
Mammoth Energy Services Inc
NASDAQ: TUSK
Follow
2.21 USD −0.23 (9.43%)
Matrix Service Co
NASDAQ: MTRX
Follow
10.08 USD −0.39 (3.72%)
NGL Energy Partners LP
NYSE: NGL
Follow
2.24 USD −0.14 (5.88%)
OGE Energy Corp.
NYSE: OGE
Follow
34.64 USD −0.20 (0.57%)
ONE Gas Inc
NYSE: OGS
Follow
67.21 USD −0.98 (1.44%)
ONEOK, Inc.
NYSE: OKE
Follow
63.55 USD +0.050 (0.079%)
Ovintiv Inc
NYSE: OVV
Follow
35.90 USD +1.57 (4.57%)
PHX Minerals Inc
NYSE: PHX
Follow
2.72 USD −0.040 (1.45%)
SandRidge Energy Inc.
NYSE: SD
Follow
12.27 USD −0.79 (6.05%)
Units Ord Shs
OTCMKTS: UNTC
Follow
35.00 USD 0.00 (0.00%)
Williams Companies Inc
NYSE: WMB
Follow
27.97 USD −0.24 (0.85%)
Oil prices at one-month low on demand worries - BIC Magazine
%d bloggers like this: