Oil prices continue their downward slide

Monday marked another down day for crude oil futures, both in the U.S. and overseas while Oklahoma energy stocks moved up in trading.

West Texas Intermediate crude for April delivery dropped 86 cents to $60.64 a barrel in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for May delivery fell 73 cents to $63.69 a barrel in trading on ICE Futures Europe.

April natural gas rose 1 cent to $2.78 per 1,000 cubic feet.

Some of the Oklahoma energy stocks had a big day and three stood out with gains of 7%, 8% and nearly 10%.

The strongest gain was made by LSB Industries Inc. where stocks went up 43 cents to close at $4.88 for a gain of 9.66%.

NGL Energy Partners LP had a gain of 8.33% on a 20 cent increase to $2.60.

ONEOK Inc. gained 7.18% when shares rose $3.18 to $47.47.

Most of the other Oklahoma energy stocks saw gains as well including Alliance Resource Partners, L.P. where shares rose 12 cents for a 2.01% gain to $6.10.

Blueknight Energy Partners LP increased 3 cents for a 1.33% gain to $2.29.

Chesapeake Energy had a 1.11% gain on a 49 cent increase to $44.67.

Cimarex Energy rose $1.01 for a 1.74% gain to $59.

Devon Energy Corp. gained about 4% on an 86 cent increase to $22.40.

Enable Midstream Partners went up 26 cents to $6.87 for a nearly 4% gain.

Helmerich & Payne Inc. gained 4.21% on a $1.21 increase to $29.94.

Magellan Midstream Partners, L.P. gained 3.29% when shares rose $1.37 to reach s$42.97.

Mammoth Energy Services went up 29 cents to close at $5.85 for a gain of 5.22%.

Matrix Service Co. closed up 75 cents at $14.32 for a gain of 5.53%.

OGE Energy Corp finished at $29.59 after a 32 cent increase and gain of 1.09%.

ONE Gas Inc. jumped $2.58 for a 3.85% gain to $69.55.

Ovintiv Inc. had a 6.29% gain following a $1.45 increase to $24.52.

SandRidge Energy had a 6 cent increase or 1.20% gain to $5.07.

Williams Companies Inc finished up 75 cents at $23.59 for a gain of 3.28%.

Only three of the companies we review daily had losses for Monday’s trading.

Cypress Environmental Partners LP slipped 3 cents to $3.27 for a loss of just about 1%.

Gulfport Energy Corporation suffered a 14.58% loss of $0.013 to finish the day at $0.075 cents.

PHX Minerals closed down 2 cents at $3.49 for a loss of 0.57%.

Other energy companies reported gains as the Texas Energy Report showed.

Chevron (CVX) up 2.04 at 102.05 – change 2.04%

ConocoPhillips (COP) up 0.60 at 52.61 – change 1.15%

Diamondback Energy (FANG) up 4.38 at 73.66 – change 6.32%

Energy Transfer LP (ET) up 0.49 at 8.12 – change 6.42%

Enterprise Products Partners (EPD) up 1.06 at 22.38 – change 4.97%

EOG Resources (EOG) up 0.42 at 64.98 – change 0.65%

ExxonMobil (XOM) up 2.03 at 56.40 – change 3.73%

Kinder Morgan (KMI) up 0.34 at 15.04 – change 2.31%

Marathon Oil Corp. (MRO) up 0.11 at 11.20 – change 0.99%

National Oilwell Varco (NOV) up 0.52 at 15.64 – change 3.44%

Occidental Petroleum (OXY) up 0.98 at 27.64 – change 3.68%

Phillips 66 (PSX) up 1.54 at 84.70 – change 1.85%

Pioneer Natural Resources (PXD) down 0.10 at 148.47 – change 0.07%

Valero (VLO) up 0.79 at 77.80 – change 1.02%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.86 at 76.71 – change 2.48%

CenterPoint (CNP) up 0.16 at 19.60 – change 0.82%

Entergy (ETR) up 0.95 at 87.76 – change 1.09%

Oil prices continue their downward slide

Jerry Bohnen

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Oil prices continue their downward slide

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Jerry Bohnen

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