This past week of trading action saw crude oil futures weaving above and below the magic $100 per barrel figure before May 14 contracts surged more decisively during the Thursday and Friday sessions. The late-week spike came as a result of a significant ratcheting up of sanctions talk from the West in the wake of Russia making official it’s Crimean acquisition.
It remains to be seen how exactly President Obama and his allies might structure a sanctions regime in such a way as to leave US friends in Europe and elsewhere unscathed, and number of materials companies saw their shares slumping heavily over the possibility of further turmoil and uncertainty.
The following six basic materials companies concluded the week of trading lower for the Friday, and on volume at least twice the 3-month average. Most were also in the red for the full-week, suggesting that the investors and traders are unsure about how well these stocks will be able to hold up in the face of further rhetorical exchanges between the US and Russia.
Exterran Partners L.P. (EXLP) – Oil & Gas Equipment & Services
Market-Cap: $1.40 billion
Price: $28.63
Relative Volume (Average Volume Last 3 Months): 38.69 (89,950)
Performance for Week of March 23-28: -0.32 percent
Sinopec Shanghai Petrochemical Co. Ltd. ($SHI) – Oil & Gas Refining & Marketing
Market-Cap: $1.86 billion
Price: $25.99
Relative Volume (Average Volume Last 3 Months): 2.4 (11,850)
Performance for Week of March 23-28: -9.32 percent
CNOOOC Ltd. (CEO) – Oil & Gas Drilling & Exploration
Market-Cap: $66.36 billion
Price: $153.11
Relative Volume (Average Volume Last 3 Months): 2.39 (190,400)
Performance for Week of March 23-28: -0.61 percent
FutureFuel Corp. (FF) – Major Diversified Chemicals
Market-Cap: $856.04 million
Price: $19.75
Relative Volume (Average Volume Last 3 Months): 2.21 (228,000)
Performance for Week of March 23-28: -6.97 percent
Rose Rock Midstream L.P. (RRMS) – Major Integrated Oil & Gas
Market-Cap: $956.98 million
Price: $41.46
Relative Volume (Average Volume Last 3 Months): 2.17 (38,870)
Performance for Week of March 23-28: +4.43 percent
Alamos Gold Inc. (AGI) – Gold
Market-Cap: $1.16 billlion
Price: $9.11
Relative Volume (Average Volume Last 3 Months): 2.04 (419,170)
Performance for Week of March 23-28: -8.81 percent
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