Share prices of oil and gas companies fell this week alongside the overall market decline. This was partially caused by news of China’s slowdown in GDP growth and improving news out of Iran. Saudi Arabia also announced plans to increase production because the Kingdom is “not happy” with the persistently high price of oil. These factors combined with a broad market sell-off resulted in the five large oil companies that I follow in these weekly updates seeing disappointing results for the week.
Statoil (STO) opened at $26.23 on April 9, 2012. The stock closed at $25.97 in after hours trading on April 13, 2012. Stockholders in the company thus suffered a loss of $0.26 per ADR share or 1.00% over the week. I began tracking the weekly performance of these integrated oil companies during the week that began on March 19, 2012. On that date, Statoil shares opened at $28.03. This gives the stock a four-week loss of $2.06 or 7.35%.
STO 5-Day Chart
Source: Fidelity Investments
STO 4-Week Chart
Source: Fidelity Investments
BP plc (BP) opened the week at $43.05. The stock closed at $42.20 in after hours trading on April 13, 2012. This gives BP shareholders a loss of $0.85 or 1.97% over the week. BP opened at $46.88 on March 19. Thus, shareholders of BP stock suffered a loss of $4.68 or 10.0% over the four week period.
BP 5-Day Chart
Source: Fidelity Investments
BP 4-Week Chart
Source: Fidelity Investments
Total S.A. (TOT) opened on April 9, 2012 at $49.66 per share. The stock closed at $47.89 in after hours trading on April 13. Thus, Total shareholders took a capital loss of $1.77 or 3.56% over the week. Total opened on March 19 at $55.50. Thus stockholders have incurred a capital loss of $7.61 or 15.32% over the past four weeks. Total went ex-dividend on March 19. Shareholders as of that date will receive a dividend payment of 0.57 euro per share. This converts to approximately $0.746 at today’s currency conversion rates. If we back the dividend out of the capital loss then we get a loss of approximately $6.864 or 12.37% over the period, excluding the effect of taxes.
TOT 5-Day Chart
Source: Fidelity Investments
TOT 4-Week Chart
Source: Fidelity Investments
Suncor (SU) opened on April 9 at $30.09. The stock closed at $30.43 in after hours trading on April 15. This gives the stock a gain of $0.34 or 1.13% for the week. This follows on the heels of a 6.00% loss last week. Suncor was also the only of the five companies that I track in this series to show a gain for the week. The stock opened on March 19, 2012 at $33.42. Thus, shareholders of Suncor suffered a loss of $2.99 or 8.95% over the four week period.
SU 5-Day Chart
Source: Fidelity Investments
SU 4-Week Chart
Source: Fidelity Investments
Royal Dutch Shell (RDS.A) opened at $68.38 on April 9. The stock closed at $67.39 in after hours trading on Friday, April 13. This gives shareholders a loss of $0.99 or 1.45% for the week. The stock opened at $71.40 on March 19, 2012. Shareholders thus took a loss of $4.01 per share or 5.62% over the four-week period.
RDS.A 5-Day Chart
Source: Fidelity Investments
RDS.A 4-Week Chart
Source: Fidelity Investments
Suncor was the best performing stock this week and the only of the five to see a gain for the week, albeit a very small one. Royal Dutch Shell was the best performing stock over the four week period although all the companies experienced declines in their share prices over that period. Total was the worst performing company over the past week. Total was also the worst performing company over the four week period due largely to the sell-off caused by the company’s gas leak at the Elgin field in the North. This could be a buying opportunity for Total stock. One upside here is that most of these companies saw a lesser decline in their stock prices this week than last week. Royal Dutch Shell is the exception to that.
Disclosure: I am long STO, SU, BP
4 Responses to “Weekly Performance Update on 5 Large Foreign Integrated Oil and Gas Stocks”
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[...] Over the past few weeks, shares of Suncor Energy (SU) have fallen precipitously, along with the price of oil and the broader market. At the end of last week, shares were down 8.95% over the trailing four-week period. The shares began to recover on Monday and continued to trend upward on Tuesday, along with an uptick in oil prices (and the broader market) over those days. This is roughly in line with its big oil peers, a fact that I illustrated in my most recent weekly performance report. [...]
[...] Over the past few weeks, shares of Suncor Energy (SU) have fallen precipitously, along with the price of oil and the broader market. At the end of last week, shares were down 8.95% over the trailing four-week period. The shares began to recover on Monday and continued to trend upward on Tuesday, along with an uptick in oil prices (and the broader market) over those days. This is roughly in line with its big oil peers, a fact that I illustrated in my most recent weekly performance report. [...]
[...] Over the past few weeks, shares of Suncor Energy (SU) have fallen precipitously, along with the price of oil and the broader market. At the end of last week, shares were down 8.95% over the trailing four-week period. The shares began to recover on Monday and continued to trend upward on Tuesday, along with an uptick in oil prices (and the broader market) over those days. This is roughly in line with its big oil peers, a fact that I illustrated in my most recent weekly performance report. [...]
[...] Over the past few weeks, shares of Suncor Energy (SU) have fallen precipitously, along with the price of oil and the broader market. At the end of last week, shares were down 8.95% over the trailing four-week period. The shares began to recover on Monday and continued to trend upward on Tuesday, along with an uptick in oil prices (and the broader market) over those days. This is roughly in line with its big oil peers, a fact that I illustrated in my most recent weekly performance report. [...]