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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 up as crude, indexes rally: PCW index

HOUSTON, July 15, 2016 (PCW) -– Petchems companies’ stocks rose this week as crude and economic indexes staged a recovery.

The olefins/polyolefins group was in the lead with its average stock price up $3.29/share, or 5.72%, to $60.92/share. Williams’ stock price buoyed the group, picking up 15.97% on the week after having been battered for several months as its proposed buyout by Energy Transfer hung in the balance. Additionally, reports surfaced during the week suggesting Williams was on the verge of selling its Canadian division with several highly interested buyers waiting in the wings.

The aromatics/refinery group’s average stock price rose $2.31/share, or 4.11%, to $58.42/share. Alon took pole position with its shares up 9.72% week-on-week as several analysts upgraded their ratings. The company announced this week it had formed a special committee to examine a potential sale to refinery firm Delek.

The vinyls sector was next with its average stock price seeing a $1.44/share increase, or 3.83%, to $38.93/share. Westlake Chemical saw the biggest rise at 8.51% as several analysts upgraded their ratings.

The midstream sector’s average stock price gained 90 cents/share, or 2.89%, to $32.05/share. Kinder Morgan’s stock leaped 13.59% as the firm divested its stakes in a Gulf Coast refined products pipeline and a Southeast natural gas line, in a bid to decrease its debt ahead of earnings season. –- Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 32.05 31.15 0.90 2.89
Olefins/Polyolefins Average 60.92 57.63 3.29 5.72
Aros/Refinery Average 58.42 56.11 2.31 4.11
Vinyls Average 38.93 37.50 1.44 3.83
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.11 1.11 0.01 0.47
Dow Jones Indices 18506.41 17895.88 610.53 3.41
S&P 500 2163.75 2097.90 65.85 3.14
WTI crude 45.68 45.14 0.54 1.20