Список проголосовавших за комментарий " Sector Summary: Energy drops while the broader market sees gains, crude plummets to a fresh low of 2017 on news crude inventories have surged to new all-time highs, & natural gas rallies ahead of tomorrow's inventory data release<p>The Energy Sector (<strong>XLE</strong>, -2.0%) drops while the broader market (<strong>SPY</strong>, +0.1%) rallies in afternoon trading. Crude oil (<strong>USO</strong>, -4.0%) futures plummet to fresh lows of 2017 after EIA reported a notably larger-than-expected build in crude oil inventories, bringing US crude inventories to a fresh-all time high for the second week in a row (data summarized below). Lastly, natural gas (<strong>UNG</strong>, +3.2%) futures see a notable rally ahead of tomorrow's inventory number, which is expected to show a draw of about -59 bcf, vs last week's unseasonable +7 bcf build.</p><p>EIA petroleum data highlights:</p><ul><li>Crude oil inventories had a build of +8.2 mln barrels (consensus called for a build of about +1.967 mln barrels).</li><li>Gasoline inventories had a draw of -6.6 mln barrels (consensus called for a draw of -1.400 mln barrels).</li><li>Distillate inventories had a draw of -2.7 mln barrels.</li></ul><p>Other contributing factors affecting the price of oil:</p><ul><li>Yesterday after the close, API reported a build of 11.6 mln barrels in US crude, vs expectations for a 1.4-1.66-mln barrel build. The build in crude oil inventories was almost 10 times greater than Consensus & marks yet another new all-time high for US crude inventories. According to API data, 35 mln barrels of crude have been added since the beginning of 2017.</li><li>Yesterday afternoon, the OPEC Secretary General Barkindo discussed it is still too early to talk about extending the production cut agreement, this stance was also reiterated by the Saudi minister in a presentation at Ceraweek, taking place from Mar 6-10. — see yesterday's comments under USO for Ceraweek coverage.</li><li>Yesterday morning, The EIA reported they now expect U.S. crude production in 2017 to rise by 330k barrels per day, more than previously forecast. Lastly, yet another contributing factor pressuring crude to the downside this morning is continued strength in the dollar index.</li></ul><p>Contributing factors affecting the price of natural gas:</p><ul><li>EIA natural gas data will be released tomorrow at 10:30 am ET.</li><li>EIA data is expected to show a draw of about -59 bcf, compared to last week's build of +7 bcf.</li><li>Total natural gas in storage as of last week's data stands at 2.363 trillion cubic feet, according last week's EIA data. This figure is 7.3% lower than levels at this time a year ago and 12.5% above the 5-year avg for this time of year.</li><li>Weather forecasts for the next 8-15 days showed that rain, snow, & relatively cooler temps will track across the northern & eastern US, raising natural gas demand expectations.</li></ul><p>Upcoming data reminder:</p><ul><li>Baker Hughes (<strong>BHI</strong>, -8%) rig count data will be released Friday at 1 pm ET.</li></ul><p><strong>Notable Gainers:</strong></p><ul><li><strong>Oil & Gas Drilling & Exploration: Seadrill (SDRL, +8%)</strong></li><li><strong>Equipment and services: Synergy Resources (SYRG, +1%)<br/> </strong></li><li><strong>Independent oil & gas: Houston American Energy (HUSA, +35%)</strong></li><li><strong>Major-integrated: Petrobras Argentina (PZE, +1%)</strong></li><li><strong>Refining & Marketing: Renewable Energy Group (REGI, +4%)</strong></li><li><strong>Pipelines: Martin Midstream Partners (MMLP, +3%)</strong></li></ul><p><strong>Notable Laggards:</strong></p><ul><li><strong>Oil & Gas Drilling & Exploration: Whiting Petroleum (WLL, -9%)</strong></li><li><strong>Equipment and services: Willbros Group (WG, -12%)</strong></li><li><strong>Independent oil & gas: PetroQuest Energy (PQ, -13%)</strong></li><li><strong>Major-integrated: Encana (ECA, -6%)</strong></li><li><strong>Refining & Marketing: BP Prudhoe Bay Royalty Trust (BPT, -7%)</strong></li><li><strong>Pipelines: SemGroup (SEMG, -3%)</strong></li></ul><p><strong>In current trade:</strong></p><ul><li>April WTI crude oil futures: <strong>down</strong> $2.27 around $50.88/barrel (-4.3%%)</li><li>April natural gas futures: <strong>up</strong> about $0.10 around $2.92/MMBtu (+3.3%)</li><li>April RBOB gasoline futures: <strong>down</strong> about $0.02 around $1.66/gallon (-0.9%)</li><li>April heating oil futures: <strong>down</strong> about $0.04 around $1.59/gallon (-2.6%)</li></ul><p>Earnings/News</p><ul><li>PetroQuest Energy (<strong>PQ</strong>, -14%) missed by $0.09, missed on revs<ul><li>Reported a Q4 loss of $0.46 per share, $0.09 worse than the Capital IQ Consensus of ($0.37); revenues fell 29.0% year/year to $16.4 mln vs the $16.63 mln Capital IQ Consensus.</li></ul></li><li>Willbros Group (<strong>WG</strong>, -10%) reported Q4 results, missed on revs<ul><li>Reported a Q4 loss of $0.23 per share, may not be comparable to the Capital IQ Consensus of ($0.11); revenues fell 24.5% year/year to $164.4 mln vs the $174.3 mln Capital IQ Consensus.</li></ul></li><li>Pembina Pipeline (<strong>PBA</strong>, -1%) suspended their dividend reinvestment plan<ul><li>Board suspended, until further notice, its premium dividend and dividend reinvestment plan, effective April 25, 2017. Accordingly, the Mar 2017 dividend will be the last dividend to be reinvested through the DRIP and dividends starting in respect of the April 2017 dividend, payable on May 15, 2017 to shareholders of record on April 25, 2017, will not be reinvested through the DRIP.</li></ul></li><li>SemGroup (<strong>SEMG</strong>, -3%) commenced a $325 mln offering of senior unsecured notes due 2025.</li></ul><p>Broker Calls</p><ul><li>Jagged Peak Energy (<strong>JAG</strong>, -2%) initiated with a Sector Perform at Scotia Howard Weil</li><li>Bellatrix Exploration (<strong>BXE</strong>, -3%) upgraded to Speculative Buy at Canaccord Genuity</li><li>Weatherford (<strong>WFT</strong>, -3%) upgraded to Neutral at Clarkson Platou</li></ul>"