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Oil prices exhibited some volatility this week. Prices fell sharply between Monday and Tuesday and then recovered somewhat later in the week. This price recovery was largely due to the approach of Hurricane Sandy, which is directly targeting the Philadelphia/New Jersey area. This area is the largest center of refining on the East Coast and produces more than 1.2 million barrels per day of refined products (including gasoline). The overall market, represented by the S&P 500 index, also exhibited significant volatility this week. The market fell significantly between the market close on Monday and the market open Tuesday morning and failed to regain its value over the next four days. The index was overall flat from Tuesday until Friday's close, but there were a number of rallies and corrections. A trader would have been quite pleased with the market volatility this week. As usual, this had differing effects on the six foreign integrated oil and gas stocks that are tracked by this series of weekly updates.

Statoil (NYSE:STO) opened at $25.74 on October 22, 2012. The stock closed at $24.65 in after hours trading on October 26, 2012. Stockholders in the company thus suffered from a loss of $1.09 per ADR share or 4.23% over the week. Statoil opened at $25.81 on October 1, 2012. This gives the stock a trailing four-week loss of $1.16 or 4.49%. Statoil cut its forecast for production in 2013 on Friday as a part of its third quarter earnings conference call. The reason for the lower production forecast is the divesture of the Brage oilfield. The company also reported earnings that missed analysts' expectations. Despite the earnings miss, the company had a fairly strong quarter and CEO Helge Lund is quite optimistic towards Statoil's future.

STO 5-Day Chart

Source: Fidelity Investments

STO 4-Week Chart

Source: Fidelity Investments

BP plc (NYSE:BP) opened the week at $43.35. The stock closed at $41.80 in after hours trading on October 26. BP's stockholders thus suffered a loss of $1.55 or 3.58% over the week. BP opened at $42.42 on October 1, 2012. Thus, shareholders of BP stock suffered a loss of $0.62 or 1.46% over the trailing four-week period. A U.S. District judge has delayed the trial to establish liability for the 2010 Macondo oil spill. The trial is now scheduled to start on February 25. This will potentially increase the amount of time that BP stock has uncertainty regarding the total cost of this disaster hanging over it. Additionally, BP cancelled its plan to construct a cellulosic ethanol plant. The company will now focus on licensing its biofuels technology. Management believes that the capital that would have gone towards the construction of this plant can be better deployed elsewhere to create more value for shareholders.

BP 5-Day Chart

Source: Fidelity Investments

BP 4-Week Chart

Source: Fidelity Investments

Total S.A. (NYSE:TOT) opened on October 22 at $51.71 per share. The stock closed at $50.04 in after hours trading on October 26. This gives ADR shareholders a loss of $1.67 or 3.23% for the week. Total opened on October 1 at $50.18. Thus, stockholders have suffered a loss of $0.14 or 0.29% over the past four weeks.

TOT 5-Day Chart

Source: Fidelity Investments

TOT 4-Week Chart

Source: Fidelity Investments

Suncor (NYSE:SU) opened on October 22 at $33.69. The stock closed at $33.19 in after hours trading on October 26. This gives the stock a loss of $0.50 or 1.48% for the week. The stock opened on October 1, 2012 at $33.11. Thus, Suncor stock has delivered a profit to its shareholders of $0.08 or 0.24% over the trailing four week period. Suncor Energy will release its third quarter 2012 earnings this week, on October 31 at 10 p.m. EST.

SU 5-Day Chart

Source: Fidelity Investments

SU 4-Week Chart

Source: Fidelity Investments

Royal Dutch Shell (NYSE:RDS.A) opened at $68.87 on October 22, 2012. The stock closed at $67.81 in after hours trading on Friday, October 26. Shareholders thus suffered a loss of $1.06 or 1.54% for the week. The stock opened at $69.64 on October 1, 2012. Shareholders thus suffered a loss of $1.83 per share or 2.63% over the trailing four-week period. Royal Dutch Shell announced this week that it will spend $525 million to acquire an interest in the Beryl oil fields in the North Sea from Hess Corp (NYSE:HES). Royal Dutch Shell expects that this purchase will increase its production in the Beryl area from 9,000 to 24,000 barrels per day. As should be obvious, this will increase the company's income from the region.

RDS.A 5-Day Chart

Source: Fidelity Investments

RDS.A 4-Week Chart

Source: Fidelity Investments

Eni (NYSE:E) opened at $46.16 on October 22. The stock closed at $45.23 in after hours trading on Friday, October 26. Shareholders thus suffered a loss of $0.93 or 2.01% for the week. The stock opened at $44.71 on October 1, 2012. Shareholders thus profited from a gain of $0.52 per share or 1.16% over the trailing four-week period.

E 5-Day Chart

Source: Fidelity Investments

E 4-Week Chart

Source: Fidelity Investments

All six of these stocks delivered losses to investors over the past week. Of these, the stock with the smallest loss, and thus the best performer, was Suncor Energy with Royal Dutch Shell in a very close second place. The worst performer over the past week was Statoil, which may have been adversely affected by its weaker than expected earnings report. Two of these six stocks registered gains over the trailing four-week period. These two stocks were Suncor Energy and Eni. Eni had the larger gain of the two. The worst performer over the trailing four-week period was Statoil by a huge margin.

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