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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 a mixed bag as crude, indexes continue recovery: PCW index

HOUSTON, February 26, 2016 (PCW) -– Petchems companies’ stocks posted mixed results even as crude oil prices rose and economics indexes strengthened on the week.

The aromatics/refinery sector saw the biggest jump with its average stock price up $1.85, or3.43%, to $55.89/share. This was led by increases from PBF Energy and Tesoro of 13.96% and 13.27%, respectively, which could be attributed to improved West Coast gasoline cracks and several analysts upgrading the stocks of these companies to ‘Buys.’

The midstream sector, the most vulnerable of the segments to crude’s movements, saw its average stock price increase $0.31, or 1.47%, to $21.42/share. Sunoco Logistics led the pack here as it stock price rose 11.89% during the week. Sunoco reported its fourth-quarter earnings early Thursday, reversing its 4Q 2014 net loss to a profit in the fourth quarter of 2015, largely due to increased transported volumes of all products.

Meanwhile, the olefins/polyolefins group saw its average stock price fall 27 cents, or 0.49%, to $54.70/share. Westlake was the biggest loser with its stock price giving up 2.59% of its value during the week. Westlake also reported its 4Q earnings during the week, showing a year-on-year 39% decrease in its net income.

Finally, the vinyls sector’s average stock price was down 5 cents, or 0.16%, to $32.21/share. Olin was in the lead, seeing a 4.16% increase. Stock analysts noted institutional investors had flocked to the company’s shares during the week even as it was revealed Olin’s CEO had purchased 70,000 shares late last week. – Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 21.42 21.11 0.31 1.47
Olefins/Polyolefins Average 54.70 54.97 -0.27 -0.49
Aros/Refinery Average 55.89 54.04 1.85 3.43
Vinyls Average 32.21 32.26 -0.05 -0.16
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.10 1.11 -0.01 -0.81
Dow Jones Indices 16697.29 16413.43 283.86 1.73
S&P 500 1951.70 1917.83 33.87 1.77
WTI crude 33.07 30.77 2.30 7.47