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NGLs Week

NGLs Week Newsletter  

PetroChem Wire and Genscape have partnered to create NGLs Week, a comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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Petchems stocks reverse course as crude rallies: PCW index

HOUSTON, January 29, 2016 (PCW) –- Petchems companies’ stocks made a strong comeback largely on the back of rallying crude, which rose 12.5% during the week.

The midstream sector, always the most sensitive to crude’s price movements, saw the biggest week-on-week increase with its average stock price up $3.03, or 17.87%, to $19.99/share, led Sunoco Logistics’ 22.61% rise during the week. The company on Thursday announced a 4Q cash distribution of $0.479/unit that beat the Street’s estimates.

The vinyls sector came in second as its average stock price gained $1.35, or 4.73%, to $29.98/share during the week. Occidental Petroleum led the pack here with its share price up 8.25% as SEC filings this week revealed that a number of hedge funds and institutional investors had added to their stakes in the company.

The olefins/polyolefins sector was next with its average stock price up $2.13, or 4.23%, to $52.52/share. Williams was in the lead with its stock up 20.26% on the week. Although the Tulsa-based company announced this week a tightening of its capital expenditure budget, many market analysts saw the stock’s rally as more of a ‘dead cat bounce’ than a true recovery.

The aromatics/refinery sector saw its average stock price advance $1.81, or 3.24%, to $57.71/share. Shell saw the biggest surge of 13.46% as stockholders finally gave the green light to the supermajor’s acquisition of BG Group this week. -- Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 19.99 16.96 3.03 17.87
Olefins/Polyolefins Average 52.52 50.39 2.13 4.23
Aros/Refinery Average 57.71 55.90 1.81 3.24
Vinyls Average 29.98 28.63 1.35 4.73
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.09 1.09 0.01 0.54
Dow Jones Indices 16069.64 15822.68 246.96 1.56
S&P 500 1893.36 1868.99 24.37 1.30
WTI crude 33.22 29.53 3.69 12.50