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Crude oil prices were volatile but also range-bound over the past week. There was a sharp correction followed by a rally on Monday, Tuesday saw the price of crude decline in a quick correction around midday, prices were then flat until midday Wednesday when a rally erased the previous day's decline, and prices were flat afterward heading into Thursday. On Thursday, a siege at an Algerian natural gas plant operated by Statoil and BP sent crude prices sharply higher. Crude prices then remained elevated for the rest of the week. It was a different story in the overall market as measured by the S&P 500 index. The market index continued on the rally that it has been in ever since the passage of the so-called "fiscal cliff deal." The index was relatively flat on Monday and then declined in after-hours trading to open lower on Tuesday. The index then proceeded upward on Tuesday before once again declining in after-hours trading. Wednesday saw the index increase further and this rally continued to the end of the day on Thursday. On Friday, the market index opened with a correction but then rallied again in the middle of the day and closed at its highest point of the week. As usual, this market noise had differing effects on the six foreign integrated oil and gas stocks that are tracked in this weekly series.

Statoil (NYSE:STO) opened at $25.70 on January 14, 2013. The stock closed at $25.79 in after hours trading on January 18, 2013. Stockholders in the company thus saw the value of their holdings increase by $0.09 per ADR share or 0.35% over the week. Statoil opened at $24.86 on December 24, 2012. This gives the stock a trailing four-week gain of $0.93 per share or 3.74%. Earlier this week, a group of armed militants took several hostages at a natural gas plant in Algeria. The crisis at the plant is now over but seven hostages and eleven militants died in the siege.

STO 5-Day Chart

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Source: Fidelity Investments

STO 4-Week Chart

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Source: Fidelity Investments

BP plc (NYSE:BP) opened the week at $44.33. The stock closed at $43.99 in after hours trading on January 18. BP's stockholders thus saw the value of their holdings decline by $0.34 or 0.77% over the week. BP opened at $41.88 on December 24, 2012. Thus, shareholders of BP stock saw the value of their holdings increase by $2.11 per share or 5.04% over the trailing four-week period.

BP 5-Day Chart

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Source: Fidelity Investments

BP 4-Week Chart

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Source: Fidelity Investments

Total S.A. (NYSE:TOT) opened on January 14 at $52.89 per share. The stock closed at $52.69 in after hours trading on January 18. This gives the stock a trailing five-day loss of $0.20 per share or 0.38% for the week. Total opened on December 24, 2012 at $51.60. Thus, stockholders have seen the value of their holdings increase by $1.09 per share or 2.11% over the past four weeks. Total has some very promising prospects in northern Uganda following a discovery in December. Total is now attempting to get authorization to build a pipeline to better transport this oil to world markets. Petronas and CNPC seem likely to assist in this endeavor. This will allow for oil to be easily shipped from Eastern Africa to growing Asian markets. Oil investors will want to keep an eye on this development.

TOT 5-Day Chart

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Source: Fidelity Investments

TOT 4-Week Chart

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Source: Fidelity Investments

Suncor (NYSE:SU) opened on January 14 at $34.02. The stock closed at $34.00 in after hours trading on January 18. This gives the stock a loss of $0.02 per share or 0.01% for the week. The stock opened on December 24, 2012 at $32.71. Thus, Suncor stock has seen a trailing four-week gain of $1.29 per share or 3.94%. Some investors have been worried about pipeline capacity constraints in Canada and the United States and this has resulted in futures contracts for Canadian crude carrying a significant discount to NYMEX WTI oil contracts. My fellow Seeking Alpha contributor Michael Fitzsimmons explains quite well why Suncor investors should not be worried about this and I agree with his position.

SU 5-Day Chart

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Source: Fidelity Investments

SU 4-Week Chart

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Source: Fidelity Investments

Royal Dutch Shell (NYSE:RDS.A) opened at $69.18 on January 14, 2013. The stock closed at $70.10 in after hours trading on Friday, January 18. Shareholders thus saw the value of their holdings increase by $0.92 per share or 1.33% for the week. The stock opened at $69.15 on December 24, 2012. Shareholders thus saw the value of their holdings increase by $0.95 per share or 1.37% over the trailing four-week period. Shell could be seeing its $4.5 billion six-year effort to develop the oil and gas resources be in jeopardy due to the concerns of federal regulators following the grounding of the Kulluk drillship on New Year's Eve.

RDS.A 5-Day Chart

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Source: Fidelity Investments

RDS.A 4-Week Chart

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Source: Fidelity Investments

Eni (NYSE:E) opened at $51.07 on January 14. The stock closed at $51.64 in after hours trading on Friday, January 18. Shareholders thus saw the value of their holdings increase by $0.57 per share or 1.12% for the week. The stock opened at $48.81 on December 24, 2012. Shareholders thus saw the value of their holdings increase by $2.83 per share or 5.80% over the trailing four-week period. On Friday, Eni successfully drilled its first appraisal well in the Sankofa IIA block offshore Ghana. Eni has projected that this discovery could contain approximately 450 million barrels of oil, 150 million of which are recoverable. This is a promising find for Eni, particularly given the oil resources in the surrounding areas. That could indicate that there will be more discoveries coming.

E 5-Day Chart

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Source: Fidelity Investments

E 4-Week Chart

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Source: Fidelity Investments

Despite the rise in oil prices and the rise in the overall market, only two of these stocks saw gains in the past week. All of them experienced gains over the trailing four-week period, however. The best performing stock out of these six over the past week was Royal Dutch Shell although Eni was in a very close second. The worst performer was BP. All four of the stocks that saw losses were more or less flat though, so the losses were very small. The best performer over the trailing four-week period was Italy's Eni, although BP deserves an honorable mention here. The worst performer was Royal Dutch Shell.

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