Seeking Alpha
Growth at reasonable price, long/short equity, foreign companies, master limited partnerships
Profile| Send Message| ()  

Crude oil prices were remarkably flat over the past week. There was a brief spike in prices on Tuesday and one on Friday, but both spikes were too rapid for human traders to profit off of. Otherwise, crude prices were almost perfectly flat. The overall market, as measured by the S&P 500 index, was a different story however. The index was much more volatile than crude oil prices over the week. Monday was relatively flat but then the index jumped upwards between Monday and Tuesday such that Tuesday's open was significantly above Monday's close. This upward trajectory continued throughout the day and then reversed itself and a late Tuesday correction returned the index to the price at which it opened. The index rallied again between Tuesday and Wednesday and continued upward on Wednesday before reversing late in the day and experiencing a very strong correction that proceeded throughout Thursday. Friday was much less volatile, although the index did continue to fall. Overall, the index closed the week at a lower value than where it opened on Monday. As usual, this had a different effect on the six foreign integrated oil and gas stocks that are tracked with this weekly update series.

Statoil (STO) opened at $24.21 on December 10, 2012. The stock closed at $24.58 in after hours trading on December 14, 2012. Stockholders in the company thus profited from a gain of $0.37 per ADR share or 1.53% over the week. This is the exact amount needed to undo the loss that shareholders suffered last week. Statoil opened at $24.02 on November 19, 2012. This gives the stock a trailing four-week gain of $0.56 or 2.33%.

STO 5-Day Chart

(click to enlarge)

Source: Fidelity Investments

STO 4-Week Chart

(click to enlarge)

Source: Fidelity Investments

BP plc (BP) opened the week at $41.16. The stock closed at $41.39 in after hours trading on December 14. BP's stockholders thus witnessed a gain of $0.23 or 0.56% over the week. BP opened at $40.91 on November 19, 2012. Thus, shareholders of BP stock profited from a gain of $0.48 or 1.17% over the trailing four-week period. BP was downgraded this week to Neutral by Credit Suisse. The bank cited a lack of momentum in the stock price two years following the Macondo disaster as the reason for the downgrade. BP is finally beginning to see some of the legal liability risks from this disaster fade. At some point, that will likely be reflected in the stock price, particularly if the company can manage to pull off its attempts to focus on growth properties and shed mature assets. This does look more like a long-term play, however.

BP 5-Day Chart

(click to enlarge)

Source: Fidelity Investments

BP 4-Week Chart

(click to enlarge)

Source: Fidelity Investments

Total S.A. (TOT) opened on December 10 at $49.88 per share. The stock closed at $50.76 in after hours trading on December 14. This gives ADR shareholders a gain of $0.88 or 1.77% for the week. Total opened on November 19 at $48.12. Thus, stockholders have witnessed a gain of $2.64 or 5.49% over the past four weeks. Total went ex-dividend this week, on December 12. Shareholders as of the close of the market on the previous date will receive a dividend of approximately $0.765. This effectively raises the ADR's gain for the past week to $1.645 or 3.30%. It also effectively raises the trailing four-week gain to $3.405 or 7.08%.

TOT 5-Day Chart

(click to enlarge)

Source: Fidelity Investments

TOT 4-Week Chart

(click to enlarge)

Source: Fidelity Investments

Suncor (SU) opened on December 10 at $32.62. The stock closed at $32.46 in after hours trading on December 14. This gives the stock a loss of $0.16 or 0.49% for the week. The stock opened on November 19, 2012 at $32.32. Thus, Suncor stock has delivered gains to its shareholders of $0.14 or 0.43% over the trailing four week period. Suncor went ex-dividend on November 29. Shareholders as of the market close on the previous day will receive a dividend of $0.13 per share. This dividend effectively increases the trailing four-week gain to $0.27 or 0.84%. My fellow Seeking Alpha contributor Elliott Gue posted an excellent article earlier this week that very effectively outlines Suncor Energy's very strong growth prospects. I agree with him: this is one of the best large energy companies in the world today for investors looking for growth.

SU 5-Day Chart

(click to enlarge)

Source: Fidelity Investments

SU 4-Week Chart

(click to enlarge)

Source: Fidelity Investments

Royal Dutch Shell (RDS.A) opened at $67.41 on December 10, 2012. The stock closed at $68.63 in after hours trading on Friday, December 14. Shareholders thus witnessed a gain of $1.22 or 1.81% for the week. The stock opened at $65.33 on November 19, 2012. Shareholders thus profited from a gain of $3.30 per share or 5.05% over the trailing four-week period. Shell is currently at the center of a landmark case before the U.S. Supreme Court that could prove to be very important for any company involved in an extractive industry. The trial concerns the execution of activists in the Niger River Delta, an area which has seen numerous small oil spills over the years. By some reports, the total costs of cleaning up the oil spilled in this area could cost upward of $51 billion. This cost would be shared by several oil companies operating in the area and nothing is certain at this time. Shareholders would be well advised to watch how this plays out.

RDS.A 5-Day Chart

(click to enlarge)

Source: Fidelity Investments

RDS.A 4-Week Chart

(click to enlarge)

Source: Fidelity Investments

Eni (E) opened at $45.76 on December 10. The stock closed at $47.83 in after hours trading on Friday, December 14. Shareholders thus witnessed a gain of $2.07 or 4.52% for the week. The stock opened at $44.49 on November 19, 2012. Shareholders thus profited from a gain of $3.34 per share or 7.51% over the trailing four-week period.

E 5-Day Chart

(click to enlarge)

Source: Fidelity Investments

E 4-Week Chart

(click to enlarge)

Source: Fidelity Investments

In a direct reversal from last week, all except for one of these stocks delivered a gain to investors over the last week. The one that saw a loss and was thus the worst performer was Suncor Energy. All of the other stocks delivered gains over the past week. The best performer was Eni, with none of the others particularly close. Things were a bit different over the trailing four-week period. Every one of these stocks delivered a gain over that period. The best performer was Italy's Eni although France's Total was very close behind when the dividend payment is considered. The worst performer was Canada's Suncor Energy. Suncor stock was almost completely flat over the trailing four-week period.

Source: Weekly Performance Update On 6 Foreign Integrated Oil And Gas Stocks