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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 post mixed results as crude falters, indexes stagnate: PCW index

HOUSTON, July 15, 2016 (PCW) -– Petchems companies’ stocks proved to be a mixed bag this week as crude gave up ground and economic indexes were stable.

The olefins/polyolefins group was in the lead in terms of gains with its average stock price up 77 cents/share, or 1.26%, to $61.69/share. Williams saw the biggest week-on-week increase of 4.53% as the stock price continued to recover after hitting multi-year nadirs during its embattled and failed acquisition process by Energy Transfer. Additionally, several analysts upgraded their ratings of the company to ‘buy’ this week.

The vinyls group saw its average stock price move up 13 cents/share, or 0.33%, to $39.06/share. Westlake Chemical’s 2.67% rise during the week tempered losses by other companies in the basket. Analysts this week attributed Westlake’s rise to technical buying as the stock price was just shy of its 50-day moving average.

The average stock price of the midstream sector, however, fell 31 cents/share, or 0.97%, to $31.74/share. Targa’s shares fell 4.66% during the week amid heavy trading volumes and above-average volatility.

Finally, the aromatics/refinery group’s average stock price shed 22 cents/share, or 0.37%, to $58.20/share. Phillips 66’s stock lost 1.94% of its value during the week, while Alon’s picked up 2.55%, ultimately smoothing out the group’s stock price performance on the week. Shares for most of the companies in the basket saw heavier-than-average trading amid 2Q earnings expectations. The majority of firms will be reporting their second-quarter earnings next week. -– Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 31.74 32.05 -0.31 -0.97
Olefins/Polyolefins Average 61.69 60.92 0.77 1.26
Aros/Refinery Average 58.20 58.42 -0.22 -0.37
Vinyls Average 39.06 38.93 0.13 0.33
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.10 1.11 -0.01 -0.85
Dow Jones Indices 18517.23 18506.41 10.82 0.06
S&P 500 2165.17 2163.75 1.42 0.07
WTI crude 44.75 45.68 -0.93 -2.04