Crude fell to lowest prices in a year while OK energy stocks were battered

Sensex nosedives over 1,500 points on global equity rout, sinking oil prices

 

Not only did crude oil prices take a $5 a barrel plunge in Wednesday’s trading, but Oklahoma energy stocks suffered too, with some falling 8, 9 and 10% value for the day.

Crude prices fell to their lowest level in ore than a year all because of the unease that swelled over Credit Suisse and word that its largest investor could not provide the Swiss bank with more financial help.

West Texas Intermediate crude for April delivery dropped $3.72 a barrel to $67.61 on the New York Mercantile Exchange.

Global benchmark Brent crude dropped $3.76 to close at $73.69 a barrel on ICE Futures Europe.

April natural gas fell 13 cents to $2.44 per 1,000 cubic feet.

Oklahoma energy stocks took a beating with some, like NGL Energy Partners  and Ovintiv Inc. each falling more than 10% for the day. Devon Energy, PHX Minerals and Mammoth Energy were down 8%.

 

Alliance Resource Partners, L.P.
18.23 USD−0.49 
Canoo Inc
0.57 USD−0.018 
Chesapeake Energy Ord Shs
71.66 USD−3.06 
Coterra Energy Inc
22.78 USD−2.10 
Devon Energy Corp
45.12 USD−4.11 
Empire Petroleum Corp
12.20 USD−0.32 
Gulfport Energy Corp
71.53 USD−3.82 
Helmerich & Payne, Inc.
35.50 USD−2.04 
LSB Industries Inc
10.39 USD−1.13 
Magellan Midstream Partners LP
52.12 USD−1.03 
Mammoth Energy Services Inc
4.82 USD−0.40 
Matrix Service Co
5.61 USD−0.35 
NGL Energy Partners LP
3.00 USD−0.35 
OGE Energy Corp.
35.70 USD+0.37 
ONE Gas Inc
77.14 USD+0.89 
ONEOK, Inc.
60.88 USD−3.50 
Ovintiv Inc
33.35 USD−3.65 
PHX Minerals Inc
2.43 USD−0.21 
SandRidge Energy Inc
13.06 USD−0.48 
Unit Corp
43.31 USD−0.69 
 Vital Energy Inc
41.82 USD−4.03 
Williams Companies Inc
28.78 USD−0.47 
Crash! Oil price nosedives into negative territory for the first time in history amid Coronavirus pandemic | Millat Times | Multilingual Digital Media House
Marathon Oil dropped 8%.  ConocoPhillips fell 6%. Apache dropped 8%.  Examples of what other energy stocks did according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 2.78 at 32.04 – change 7.99%

Cheniere (LNG) down 6.22 at 144.09 – change 1.14%

Chevron (CVX) down 6.96 at 153.80 – change 4.33%

ConocoPhillips (COP) down 6.12 at 95.24 – change 6.04%

Diamondback Energy (FANG) down 9.90 at 122.74 – change 7.47%

Energy Transfer LP (ET) down 0.40 at 11.94 – change 3.25%

Enterprise Products Partners (EPD) down 0.52 at 25.17 – change 2.03%

EOG Resources (EOG) down 6.72 at 101.48 – change 6.22%

ExxonMobil (XOM) down 5.32 at 101.62 – change 4.98%

Kinder Morgan (KMI) down 0.36 at 16.57 – change 2.13%

Marathon Oil Corp. (MRO) down 1.97 at 21.26 – change 8.49%

NOV Inc. (NOV) down 1.19 at 18.04 – change 6.19%

Occidental Petroleum (OXY) down 3.39 at 56.80 – change 5.64%

Phillips 66 (PSX) down 4.30 at 93.65 – change 4.39%

Pioneer Natural Resources (PXD) down 13.39 at 181.85 – change 6.86%

Tellurian Inc. (TELL) down 0.05 at 1.11 – change 4.32%

Valero (VLO) down 7.29 at 124.33 – change 5.54%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) up 2.34 at 92.59 – change 2.59%

CenterPoint (CNP) up 0.40 at 29.09 – change 1.39%

Entergy (ETR) up 1.40 at 105.09 – change 1.35%