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Oil prices fell during the week. Virtually all of the price decline came during a rapid plunge on Wednesday, which was immediately followed up by a rally that continued to midday Thursday when it reversed itself again and fell further into Friday. That speaks volumes about the volatility that tends to affect the oil market from time to time. Other than the rapid plunge that rally that occurred on Wednesday and Thursday, there was very little volatility in the oil markets this week. There was somewhat more volatility in the overall market, as measured by the S&P 500 index. While the overall trend was up, there were several rallies and corrections over the week. As usual, this had different effects on the six foreign integrated oil and gas stocks that I track in this series.

Statoil (NYSE:STO) opened at $25.81 on October 1, 2012. The stock closed at $25.64 in after hours trading on October 5, 2012. Stockholders in the company thus suffered a loss of $0.17 per ADR share or 0.66% over the week. Statoil opened at $25.73 on September 10, 2012. This gives the stock a trailing four-week loss of $0.09 or 0.35%. Statoil stated earlier this week that an unplanned outage on the Norwegian Continental Shelf would reduce its gas output by 19 million cubic meters per day for the duration of the outage. The actual effect that this will have on the company's profit will be negative but it should not be enough to have a huge effect. Statoil produced 109.7 million cubic meters of gas per day in the second quarter. Therefore, this outage will not have a significant effect on total gas revenue unless it is for an extended duration.

STO 5-Day Chart

Source: Fidelity Investments

STO 4-Week Chart

Source: Fidelity Investments

BP plc (NYSE:BP) opened the week at $42.42. The stock closed at $42.18 in after hours trading on October 5. BP's stockholders thus experienced a loss of $0.24 or 0.57% over the week. BP opened at $42.02 on September 10, 2012. Thus, shareholders of BP stock witnessed a gain of $0.16 or 0.38% over the trailing four-week period. BP, ExxonMobil (NYSE:XOM), ConocoPhilips (NYSE:COP), and TransCanada (NYSE:TRP) released cost estimates of a massive construction project to take place in Alaska. The project plan calls for the construction of a liquefied natural gas (NYSEMKT:LNG) export terminal and pipeline. The four companies expect that this project will cost approximately $65 billion. The companies are planning to use this terminal to export natural gas to Asia. Given the very high price of natural gas in Asia, this could be potentially profitable for all the firms involved.

BP 5-Day Chart

Source: Fidelity Investments

BP 4-Week Chart

Source: Fidelity Investments

Total S.A. (NYSE:TOT) opened on October 1 at $50.18 per share. The stock closed at $50.29 in after hours trading on October 5. This gives ADR shareholders a gain of $0.11 or 0.22% for the week. Total opened on September 10 at $51.74. Thus, stockholders have suffered a loss of $1.45 or 2.80% over the past four weeks. Total went ex-dividend on September 19. Shareholders as of the market close on the previous day will receive a dividend of about $0.69 per share. The dividend effectively reduces the loss over the trailing four week period to about $0.76 per share or 1.47%. Stock rating site TheStreet.com reiterated its BUY rating on Total stock on Thursday. The reasons cited for the BUY rating include overall underperformance relative to the S&P 500 index.

TOT 5-Day Chart

Source: Fidelity Investments

TOT 4-Week Chart

Source: Fidelity Investments

Suncor (NYSE:SU) opened on October 1 at $33.11. The stock closed at $33.67 in after hours trading on October 5. This gives the stock a gain of $0.56 or 1.69% for the week. The stock opened on September 10, 2012 at $32.99. Thus, Suncor stock has experienced a gain of $0.68 or 2.06% over the trailing four week period.

SU 5-Day Chart

Source: Fidelity Investments

SU 4-Week Chart

Source: Fidelity Investments

Royal Dutch Shell (NYSE:RDS.A) opened at $69.64 on October 1, 2012. The stock closed at $70.09 in after hours trading on Friday, October 5. Shareholders thus profited from a gain of $0.45 or 0.65% for the week. The stock opened at $71.22 on September 10, 2012. Shareholders thus suffered a loss of $1.13 per share or 1.59% over the trailing four-week period. Royal Dutch shell began exploratory drilling in the Beaufort Sea earlier this week. The company hopes to continue to drill until it is required to stop on October 31. This is part of the company's massive Arctic exploration program which I have been discussing numerous times over the past few weeks, including here.

RDS.A 5-Day Chart

Source: Fidelity Investments

RDS.A 4-Week Chart

Source: Fidelity Investments

Eni (NYSE:E) opened at $44.71 on October 1. The stock closed at $45.13 in after hours trading on Friday, October 5. Shareholders thus witnessed a gain of $0.42 or 0.94% for the week. The stock opened at $45.71 on September 4, 2012. Shareholders thus suffered a loss of $0.58 per share or 1.27% over the trailing four-week period. Eni went ex-dividend on September 24. Thus, shareholders as of the close of the market on the preceding day will receive a dividend of approximately $1.09 per ADR share. The dividend thus effectively decreases the trailing four-week loss to $0.13 or 0.28%.

E 5-Day Chart

Source: Fidelity Investments

E 4-Week Chart

Source: Fidelity Investments

These six stocks delivered a mixed performance over the past week. Two of the stocks delivered losses to their shareholders while the remaining four delivered gains. It was a bit different over the trailing four-week period. Two of the stocks saw gains over that trailing period with the remaining four delivering losses over the period. The best performer over the past week was Canada's Suncor Energy by a substantial margin. The worst performer was Statoil, although BP delivered a comparable performance. Suncor was also the best performer over the trailing four week period, delivering a return that was more than 5.4x greater than second place BP. The worst performer over the trailing four week period was Royal Dutch Shell, although the performance of second place Total was not much better.

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