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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 extend gains as crude continues climb: PCW Index

HOUSTON, April 22, 2016 (PCW) -– Petchems companies’ stocks added on to gains from the previous week as crude futures continued to strengthen, as did other economic indexes.

WTI finished Thursday up $1.68/bbl from the prior week, an increase of 4.05%.

The midstream segment continued to follow crude’s lead as its average stock price rose $2.41, or 9.26%, to $28.42/share. Targa was in the lead with its stock price up 19.68%. This week, the company announced 1Q dividends of 91 cents/share, up 10% from 1Q 2015, prompting several analysts to upgrade their ratings of the company’s stock to a "Buy."

The vinyls group was next. Its average stock price rose $1.51, or 4.2%, to $37.37/share. Olin saw a whopping increase of 17.53% week on week on larger-than-average trading volumes. Securities filings this week showed Olin’s CEO purchased a significant amount of company stock recently, leading several analysts to restate their "Buy" ratings.

The olefins/polyolefins sector’s average stock price climbed $1.54, or 2.55%, to $61.74/share. Westlake Chemical led the pack as its stock price rose 10.5% during the week amid heavy trading.

The aromatics/refinery group saw its average stock price increase 88 cents, or 1.43%, to $61.97/share. Chevron saw the biggest week-on-week gains with its shares up 3.49%. The supermajor this week announced it would sell off its Hawaiian assets in a bid to improve its cash flow ahead of reporting 1Q earnings.–- Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 28.42 26.01 2.41 9.26
Olefins/Polyolefins Average 61.74 60.21 1.54 2.55
Aros/Refinery Average 61.97 61.10 0.88 1.43
Vinyls Average 37.37 35.86 1.51 4.20
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.13 1.13 0.00 0.10
Dow Jones Indices 17982.52 17926.43 56.09 0.31
S&P 500 2091.48 2082.78 8.70 0.42
WTI crude 43.18 41.50 1.68 4.05