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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 soften as crude collapses: PCW index

HOUSTON, July 28, 2016 (PCW) -– Petchems companies’ stocks faltered as crude lost about 8% of its value during the week.

The midstream sector was the hardest hit with its average stock price down $1.13/share, or 3.56%, to $30.61/share. Targa led the pack with its shares falling 8.74% on the week as several analysts downgraded the company’s stock to a ‘Hold’ rating. A few company executives were reported to have sold off their stock, according to securities filings made public this week.

The vinyls group was next as its average stock price fell 88 cents/share, or 2.26%, to $38.18/share. Olin bore the brunt of losses as its shares plummeted 18.87% during the week as the company released much weaker-than-expected guidance for its second quarter, due to depressed caustic soda prices.

The olefins/polyolefins sector saw its average stock price lose $1.12/share, or 1.81%, to $60.57/share. Williams took the biggest hit, losing 6.45% of its value week on week. Several analysts switched their ratings of the company’s stock to ‘Hold’ this week, based on recently released filings of some company executives selling off their stock. Williams will announce its second-quarter earnings next week.

Finally, the aromatics/refinery group’s average stock price fell $1.01/share, or 1.73%, to $57.20/share. Shell was in the lead as its stock shed 8.06% during the week. Shell reported its second-quarter earnings had collapsed some 72% from the year-ago period, hitting a nearly 11-year low on lower crude prices, weaker refining margins and oil and gas production losses. -– Samantha Hartke

*Index components:

Weekly Stock Price Index
  This Week Last Week Difference % Difference
Midstream Average 30.61 31.74 -1.13 -3.56
Olefins/Polyolefins Average 60.57 61.69 -1.12 -1.81
Aros/Refinery Average 57.20 58.20 -1.01 -1.73
Vinyls Average 38.18 39.06 -0.88 -2.26
Major Economic Indicators
  This Week Last Week Difference % Difference
EUR/USD 1.11 1.10 0.01 0.50
Dow Jones Indices 18456.35 18517.23 -60.88 -0.33
S&P 500 2170.06 2165.17 4.89 0.23
WTI crude 41.14 44.75 -3.61 -8.07