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This shortened market week proved to be a volatile one for oil prices. Crude prices began to fall sharply beginning midday Tuesday. Prices were relatively flat on Wednesday but turned up slightly in the latter parts of the day. Thursday opened with further rallying and ultimately reached Monday's opening levels before rapidly and then recovering going into Friday. Friday saw increasing to flat prices, although there was a sharp downturn midday. The overall market, as measured by the S&P 500 index, was nowhere near as volatile as oil prices. The market fell slightly on Tuesday's open but recovered by the end of the day. The index was flat on Wednesday. A huge surge took place between Wednesday and Thursday which resulted in the index opening significantly higher on Thursday than where it closed on Wednesday. This strength continued throughout the day and led into Friday being flat, but flat at much higher levels than it had held all week. As usual, this market action had differing effects on the six foreign integrated oil and gas stocks that I track in this weekly series.

Statoil (NYSE:STO) opened at $25.77 on September 4, 2012. The stock closed at $26.00 in after hours trading on September 7, 2012. Stockholders in the company thus profited from a gain of $0.23 per ADR share or 0.89% over the week. Statoil opened at $24.87 on August 13, 2012. This gives the stock a trailing four-week gain of $1.13 or 4.54%.

STO 5-Day Chart

Source: Fidelity Investments

STO 4-Week Chart

Source: Fidelity Investments

BP plc (NYSE:BP) opened the week at $42.11. The stock closed at $41.96 in after hours trading on September 7. BP's stockholders thus suffered a loss of $0.15 or 0.36% over the week. BP opened at $42.17 on August 13. Thus, shareholders of BP stock suffered from a loss of $0.21 or 0.48% over the trailing four-week period. This stands in stark contrast to the gain that the company's stockholders experienced last week. The U.S. Department of Justice accused BP of gross negligence in 2010's Macondo disaster. This was one factor that weighed on the stock this week as shareholders were reminded that the company's legal problems are still ongoing.

BP 5-Day Chart

Source: Fidelity Investments

BP 4-Week Chart

Source: Fidelity Investments

Total S.A. (NYSE:TOT) opened on September 4 at $50.10 per share. The stock closed at $51.91 in after hours trading on September 7. This gives ADR shareholders a gain of $1.81 or 3.61% for the week. Total opened on August 13 at $49.25. Thus, stockholders have seen a gain of $2.66 or 5.40% over the past four weeks. The biggest reason for this week's large gain was a surge of confidence in the Eurozone sparked by Mario Draghi's statement that the ECB will buy as many government bonds as needed to bring the European debt crisis under control. This caused a surge in both oil prices and the stock market. Total appears to have been a beneficiary of this.

TOT 5-Day Chart

Source: Fidelity Investments

TOT 4-Week Chart

Source: Fidelity Investments

Suncor (NYSE:SU) opened on September 4 at $31.33. The stock closed at $33.18 in after hours trading on September 7. This gives the stock a gain of $1.85 or 5.90% for the week. The stock opened on August 13, 2012 at $32.20. Thus, Suncor stock has experienced a gain of $0.98 or 3.04% over the trailing four week period. Suncor went ex-dividend on August 30, 2012. Shareholders as of market close on the previous day will receive a dividend payment of $0.13. Therefore, Suncor's gain over the trailing four-week period was $1.11 or 3.45% when the dividend is considered. Suncor also appears to have been a beneficiary of the positive news out of Europe this week.

SU 5-Day Chart

Source: Fidelity Investments

SU 4-Week Chart

Source: Fidelity Investments

Royal Dutch Shell (NYSE:RDS.A) opened at $70.07 on September 4, 2012. The stock closed at $71.59 in after hours trading on Friday, September 7. Shareholders thus profited from a gain of $1.52 or 2.17% for the week. The stock opened at $70.77 on August 13, 2012. Shareholders thus experienced a gain of $0.82 per share or 1.16% over the trailing four-week period. The Singaporean government charged Shell for safety lapses that led to a major fire at a refinery that Shell operates in the country. The company would be liable for a fine of approximately $401,700 if it is convicted. Given the small size of this fine relative to Shell's revenues and profits, the potential impact of this is negligible.

RDS.A 5-Day Chart

Source: Fidelity Investments

RDS.A 4-Week Chart

Source: Fidelity Investments

Eni (NYSE:E) opened at $43.77 on September 4. The stock closed at $46.05 in after hours trading on Friday, September 7. Shareholders thus profited from a gain of $2.28 or 5.21% for the week. The stock opened at $44.05 on August 13, 2012. Shareholders thus profited from a gain of $2.00 per share or 4.54% over the trailing four-week period. Eni also appears to have been a beneficiary of the positive news from the ECB this week. Eni has quite strong fundamentals; however there were no announcements this week that changed these fundamentals at all. The company remains an excellent way to bet on the growth in demand for natural gas in Asia.

E 5-Day Chart

Source: Fidelity Investments

E 4-Week Chart

Source: Fidelity Investments

Suncor Energy was the best performing stock of these six over the past week with Eni in second place. Suncor's large 5.90% gain, surpassing that of its peers, illustrates the stock's much greater volatility than its peers. BP was the worst performing stock over the past week and the only one of the six to see a loss. French giant Total was the best performing stock of the six over the trailing four week period. None of the other companies here saw gains that were anywhere close to Total's. Both Statoil and Eni delivered admirable gains over the trailing four-week period, however. BP was the worst performer of the group and it was the only one of these six stocks to have a loss over the trailing four-week period. The losses incurred by shareholders in BP over this period were very small losses, however.

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