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Crude oil prices were up over the last week, likely driven by some of the market strength that also existed in other risk assets over the same time period. Oil prices saw their greatest assent in a rapid rise in futures prices that began midday Tuesday. Oil continued to rise on Wednesday, opening with a rapid spike that is followed by a correction. Overall, prices went up further on Wednesday as a slow assent in prices followed the correction. Prices began to turn lower at the end of the day on Wednesday, a trend which persisted through midday Thursday, when a quick correction and rally reversed the trend. Friday saw oil prices overall flat, although the prices were actually quite volatile intraday. Meanwhile, the overall market, as measured by the S&P 500 index, was relatively flat all week until it opened very strongly on Friday and pushed towards its five-year high. While the market did show some strength early in the week, the index reversed itself and the early week rally was punctuated by a midweek correction that resulted in flat returns overall from the index until Friday. This action in the overall market had, as usual, a different effect on the six foreign integrated oil and gas stocks that I track in this weekly series of updates.

Statoil (NYSE:STO) opened at $26.24 on January 28, 2013. The stock closed at $26.91 in after hours trading on February 1, 2013. Stockholders in the company thus saw the value of their holdings increase by $0.67 per ADR share or 2.55% over the week. Statoil opened at $25.10 on January 7, 2013. This gives the stock a trailing four-week gain of $1.81 per share or 7.21%.

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 $44.22. The stock closed at $44.77 in after hours trading on February 1. BP's stockholders thus saw the value of their holdings increase by $0.55 or 1.24% over the week. BP opened at $43.37 on January 7, 2013. Thus, shareholders of BP stock saw the value of their holdings increase by $1.40 per share or 3.23% over the trailing four-week period. BP made significant progress this week in resolving the legal issues that have been plaguing the company ever since 2010's Macondo disaster. This progress came with the news that the judge who was overseeing BP's criminal trial following the disaster approved a final settlement totaling $4 billion.

BP 5-Day Chart

(click to enlarge)

Source: Fidelity Investments

BP 4-Week Chart

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Source: Fidelity Investments

Total S.A. (NYSE:TOT) opened on January 28 at $53.48 per share. The stock closed at $54.80 in after hours trading on February 1. This gives the stock a trailing five-day gain of $1.32 per share or 2.47% for the week. Total opened on January 7, 2013 at $51.24. Thus, stockholders have seen the value of their holdings increase by $3.56 per share or 6.95% over the past four weeks. Total's stock is expected to see a strong move either up or down relatively soon, according to one trader that recently took a very large delta neutral, high volatility position in the stock.

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 28 at $34.25. The stock closed at $34.36 in after hours trading on February 1. This gives the stock a gain of $0.11 per share or 0.32% for the week. The stock opened on January 7, 2013 at $33.89. Thus, Suncor stock has seen a trailing four-week gain of $0.47 per share or 1.39%. Suncor Energy will release its fourth quarter financial results on Tuesday of this week. The results that are announced will likely have significant influence on the stock's trading pattern on Wednesday.

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 $71.65 on January 28, 2013. The stock closed at $70.49 in after hours trading on Friday, February 1. Shareholders thus saw the value of their holdings decrease by $1.16 per share or 1.62% for the week. The stock opened at $68.53 on January 7, 2013. Shareholders thus saw the value of their holdings increase by $1.96 per share or 2.86% over the trailing four-week period. Royal Dutch Shell announced its fourth quarter and full year 2012 results on Thursday. The company's net profit was below expectations but it was very bullish on its future going forward. Shell noted that global energy demand is increasing due to rising populations and living standards. This is quite promising for the overall industry since greater demand for energy means that we should see steadily rising profits from the companies that will meet this demand for energy. Virtually all of the major oil companies would be included in this category.

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 $52.00 on January 28. The stock closed at $50.66 in after hours trading on Friday, February 1. Shareholders thus saw the value of their holdings decrease by $1.34 per share or 2.58% for the week. The stock opened at $48.89 on January 7, 2013. Shareholders thus saw the value of their holdings increase by $1.77 per share or 3.62% over the trailing four-week period. On Thursday, S&P Capital IQ initiated coverage of Eni SpA. The company offers stock reports on various companies to help stock investors and analysts make more informed decisions about various companies. These reports do not offer opinions on the stocks that are covered, however.

E 5-Day Chart

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Source: Fidelity Investments

E 4-Week Chart

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Source: Fidelity Investments

Four of these six companies delivered gains over the past week. All six of them rewarded investors with capital gains (either unrealized or realized) over the trailing four week period. The best performer over the past week was Norwegian giant Statoil although Total S.A. was in a very close second. Eni was the worst performer over the past week. Royal Dutch Shell was the other stock to deliver a loss over the past week. Meanwhile, Statoil was also the best performing stock over the trailing four week period, although Total was also fairly close. The worst performer was Suncor which continues to be plagued by the market weakness in Canadian oil. This weakness is affecting Suncor despite the company itself being much more exposed to Brent crude pricing rather than Canadian heavy crude pricing.

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