Crude oil plunges—takes Oklahoma energy stocks with it

  • May 13, 2021

Longterm impact of historic oil price plunge – Workers World

 

Crude oil prices took a nearly 3% plunge in Thursday’s trading as analysts credited the fall to the deepening coronavirus crisis in India. The fall brought an end to the rally that on Wednesday lifted crude to an eight-week high.

West Texas Intermediate crude for June delivery dropped $2.26 to $63.82 a barrel in trading on the New York Mercantile Exchange.

Global benchmark Brent crude for July delivery fell $2.27 to finish at $67.05 in ICE Futures Europe.

June natural gas was unchanged at $2.97 per 1,000 cubic feet.

Many Oklahoma energy stocks followed crude oil in reporting losses on Thursday. The biggest decline of the day was reported by Mammoth Energy Services Inc. which suffered a 15.15% loss as its shares fell 55 cents to finish at $3.08.

The biggest gain of Oklahoma energy stocks was Unit Corporation where shares rose 75 cents for a 5.56% increase to $14.25.

 Alliance Resource Partners, L.P. dropped 2 cents for a 0.33% loss to $5.99.
Blueknight Energy Partners LP slipped 6 cents for a 1.69% loss to $3.49.
Chesapeake Energy went up 2 cents to $49.50 for a gain of 0.040%.
Cimarex Energy Co fell $2.65 for a 3.76% loss to $67.91.
Continental Resources Inc. lost 2.37% on a 72 cent fall to $29.61.
Cypress Environmental Partners LP lost 5% on a 12 cent fall to $2.28.
Devon Energy Corp finished down 83 cents at $24.75 for a 3.24% loss.
Enable Midstream Partners LP rose 35 cents for a 4.32% gain to $8.45.
Gulfport Energy Corporation lost 0.11% to $0.045 cents.
Helmerich & Payne Inc. dropped 77 cents to $28.48 for a 2.63% loss.
LSB Industries Inc. rose 8 cents for a 1.31% gain to $6.18.
Magellan Midstream Partners, L.P. gained 1.40% as shares rose 67 cents to $48.53.
Matrix Service Co. increased 28 cents for a 2.27% gain to $12.60.
NGL Energy Partners LP slipped 3 cents to $2.15 for a 1.38% loss.
OGE Energy Corp. rose 91 cents for a 2.76% gain to $33.84.
ONE Gas Inc. went up $1.23 for a 1.63% gain to $76.90.
ONEOK, Inc.’s shares rose 18 cents for a 0.34% gain to $52.78.
Ovintiv Inc. fell 39 cents for a 1.54% loss to $24.97.
PHX Minerals Inc. went up 3 cents for a 0.97% gain to $3.12.
SandRidge Energy Inc. finished down 21 cents at $4.69 for a 4.29% loss.
Williams Companies Inc closed up 10 cents to $25.38 for a gain of 0.40%.
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 The Texas Energy Report indicated other energy stocks had the same kind of day.

Chevron (CVX) down 0.69 at 106.68 – change 0.65%

ConocoPhillips (COP) down 1.02 at 54.24 – change 1.85%

Diamondback Energy (FANG) down 3.28 at 76.20 – change 4.13%

Energy Transfer LP (ET) up 0.43 at 9.98 – change 4.50%

Enterprise Products Partners (EPD) up 0.30 at 23.61 – change 1.28%

EOG Resources (EOG) down 1.78 at 79.58 – change 2.19%

ExxonMobil (XOM) down 0.74 at 59.30 – change 1.24%

Kinder Morgan (KMI) down 0.08 at 18.02 – change 0.45%

Marathon Oil Corp. (MRO) down 0.47 at 11.07 – change 4.08%

National Oilwell Varco (NOV) down 0.29 at 16.67 – change 1.66%

Occidental Petroleum (OXY) down 1.41 at 23.71 – change 5.62%

Phillips 66 (PSX) down 0.99 at 84.35 – change 1.17%

Pioneer Natural Resources (PXD) down 4.30 at 151.87 – change 2.76%

Valero (VLO) down 1.47 at 78.50 – change 1.84%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 1.54 at 86.52 – change 1.81%

CenterPoint (CNP) up 0.82 at 24.47 – change 3.46%

Entergy (ETR) up 2.18 at 106.06 – change 2.09%

Jerry Bohnen