Geopolitics Alpha

Michigan Supreme Court Rejects Permit for Enbridge Oil Pipeline Under Great Lakes

Published . Updated .

ENERGYMichigan Supreme Court RejectsPermit for Enbridge Oil PipelineUnder Great LakesENBGEOPOLITICS ALPHA

This report is about Energy. Names like XOM and CVX typically gain because oil producers earn more when crude prices rise.

Directly affected

  • ENB Enbridge+1.4%

    Named in this report.

Indirectly affected

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • CVX Chevron+6.6%

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum+1.5%

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips+7.3%

    Oil producers earn more when crude prices rise

  • VLO Valero+14.1%

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum+10.2%

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration+2.9%

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR+4.9%

    A fund of energy companies

  • USO United States Oil Fund+0.9%

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ENB———————
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

Market Call

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Michigan Supreme Court Rejects Permit for Enbridge Oil Pipeline Under Great Lakes EnergyNow.com

Source: EnergyNow.com

Energy

SPY
XLE

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How solid the energy case looks

12 out of 100

“Michigan Supreme Court Rejects Permit for Enbridge Oil Pipeline Under Great Lakes” scores 12 out of 100. The score uses 1 sources.