Canadian heavy crude prices recover as tanker shipping costs decline (CO1:COM:Commodity)
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This report is about oil and tanker shipping. Names like FRO and DHT typically gain because frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “crude” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).
- FRO Frontline+1.0% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways-10.7% 18d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +2.78% | +4.95% | base | +0.47% | after close | after close | after close |
| XLE | +2.11% | -0.95% | base | +1.30% | after close | after close | after close |
| BWET | +35.67% | +29.19% | base | +4.90% | after close | after close | after close |
| EWC | +2.54% | -0.51% | base | +0.49% | after close | after close | after close |
| FRO | +10.52% | +3.52% | base | +3.67% | after close | after close | after close |
| DHT | +6.01% | -0.62% | base | +3.60% | after close | after close | after close |
| INSW | +1.26% | -0.13% | base | +2.82% | after close | after close | after close |
| TNK | +3.72% | +0.36% | base | +3.28% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Canadian heavy crude prices recover as tanker shipping costs decline (CO1:COM:Commodity) Seeking Alpha
Source: Seeking Alpha
Energy
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | +4.90% | still updating |
| BWET | three days earlier | +29.19% | final price |
| BWET | five days earlier | +35.67% | final price |
| DHT | that day | +3.60% | still updating |
| DHT | three days earlier | -0.62% | final price |
| DHT | five days earlier | +6.01% | final price |
| EWC | that day | +0.49% | still updating |
| EWC | three days earlier | -0.51% | final price |
| EWC | five days earlier | +2.54% | final price |
| FRO | that day | +3.67% | still updating |
| FRO | three days earlier | +3.52% | final price |
| FRO | five days earlier | +10.52% | final price |
| INSW | that day | +2.82% | still updating |
| INSW | three days earlier | -0.13% | final price |
| INSW | five days earlier | +1.26% | final price |
| TNK | that day | +3.28% | still updating |
| TNK | three days earlier | +0.36% | final price |
| TNK | five days earlier | +3.72% | final price |
| USO | that day | +0.47% | still updating |
| USO | three days earlier | +4.95% | final price |
| USO | five days earlier | +2.78% | final price |
| XLE | that day | +1.30% | still updating |
| XLE | three days earlier | -0.95% | final price |
| XLE | five days earlier | +2.11% | final price |
How solid the energy case looks
12 out of 100Price not final
“Canadian heavy crude prices recover as tanker shipping costs decline (CO1:COM:Commodity)” scores 12 out of 100. The score uses 1 sources. The price is not final yet.