Oil
The Complete List of Oil ADR Stocks
The complete list of oil-sector related ADRs traded in the organized exchanges in the US are listed below. These stocks include oil and gas producers, distributors, equipment makers and servicing companies.
| Company | Ticker | Country | 2009 Returns |
|---|---|---|---|
| Acergy | ACGY | Norway | 170.07% |
| BP | BP | United Kingdom | 24.03% |
| CGG Veritas | CGV | France | 41.76% |
| China National Offshore Oil-CNOOC | CEO | China | 63.22% |
| China Petroleum & Chemical | SNP | China | 42.53% |
| Ecopetrol | EC | Colombia | 32.06% |
| Eni | E | Italy | 5.83% |
| ENSCO | ESV | United Kingdom | 40.68% |
| Petrobras Energia | PZE | Argentina | 156.65% |
| PetroChina | PTR | China | 33.69% |
| Petroleo Brasileiro | PBR | Brazil | 94.69% |
| Repsol YPF | REP | Spain | 23.94% |
| Royal Dutch Shell - A Shares | RDS.A | United Kingdom | 13.54% |
| Royal Dutch Shell - B Shares | RDS.B | United Kingdom | 13.03% |
| Samson Oil and Gas | SSN | Australia | -35.14% |
| Sasol | SSL | South Africa | 31.68% |
| Statoil | STO | Norway | 49.52% |
| TOTAL | TOT | France | 15.80% |
| Transportadora de Gas del Sur | TGS | Argentina | 43.84% |
| WSP Holdings | WH | China | -26.30% |
| YPF | YPF | Argentina | -4.89% |
Source: BNY Mellon Depository Receipts
Note: Information posted above is known to be accurate. Please do your own research before making any investment decisions.
Contract oil driller Ensco(ESV) is an American company that is currently based in Dallas, TX. Last month, Ensco decided to move its headquarters to London, UK. Hence the stock is now listed as an ADR.
Emerging market oil companies performed better than Western giants such as Eni, BP, Royal Dutch Shell,TOTAL in terms of return to shareholders in 2009. Norwegian oil company Statoil was an exception. Statoil returned nearly 50%. Despite the strong performance in 2009, Petrobras of Brazil holds lots of potential for further growth. Chinese firms CNOOC, Petro-China and China Petroleum & Chemical are also great picks for 2010 as auto sales in China is projected to grow by double digits.
The Complete List of Oil ADRs Traded on the OTC Markets can be found here.
Top Oil Producing Countries in 2008 and World’s Largest Oil Fields
150 years ago this week Colonel Edwin Drake struck oil in Titusville, Pennsylvania. Ever since oil has become the most important commodity in the world.Despite the hype about green technologies and other alternative sources of energy, crude oil will continue to be the major source of energy for many years to come.
In this post lets take a quick review at the largest oil producers in 2008 and oil fields.
Top Oil Producing Countries 2008 (in million barrels per day)
World’s Largest Oil Fields
Source: IHS CERA
A Look at the Petroleum Sector of Norway
The Petroleum Sector is the largest industry of Norway. Today there are 60 oil fields in production on the Norwegian Continental Shelf. In 2008, they produced 2.5 Million barrels of crude oil per day. Norway is one of the top oil producing countries in the western world. In 2008, Norway is projected to surpass Canada to become the second largest natural gas producer in the world.
The Norwegian government receives significant revenues in the form of tax revenues from the sector. In 2008, this sector accounted for 34% of the state’s total revenues. The revenues are allocated to a special fund called the “Government Pension Fund – Global” which had a value of NOK 2275 Billion at the end of last year. (Note: 1 NOK = 0.1644 US$ on August 15,2009)
Growth of the Government Pension Fund – Global
Importance of the Petroleum Sector for Norway (click to enlarge)
The largest oil and natural gas company in Norway is StatOilHydro (STO) which was formed by the merger of Statoil and Norsk Hydro’s oil and gas operations in 2007. StatOilHydro has presence in 24 countries and operates 2,300 service stations in Scandinavia, Poland, the Baltic States and Russia. Year-to-Date the stock is up nearly 31%.
5-Year Performance of StatOilHydro (STO):
Top Countries to which Norway exported its natural gas in 2008:
(click to enlarge)
Source: Facts 2009, The Norwegian Petroleum
Ministry of Petroleum, Norway
Top 15 Oil Exporting Countries to the U.S.
The Top 15 crude oil exporters to the U.S. for the month of May has been published by the Energy Information Administration, Department of Energy. The following table shows the list of these countries:
Source: Energy Information Administration, Department of Energy
Contrary to popular wisdom, the middle eastern countries are the largest exporter of oil to the U.S. Our northern neighbor Canada takes that spot. Canada exported 1.7 million barrels per day. Venezuela came at second with 1.2 million and Mexico at 1.0 million barrels per day. All the top three countries are in the western hemisphere. The only middle eastern country in the top 5 was Saudi Arabia. The top 5 countries accounted for 63% and the top 10 accounted for 83% of all crude oil imports in May.
The above list is interesting since none of the middle eastern countries took the top spot. The U.S. considers Canada as a strategic source of crude oil. Canada benefits tremendously due to the due to the this huge oil trade with us. None of the Mexican oil companies are listed in the U.S. However many Canadian oil companies and Canadian Royalty Trusts trade in the U.S markets. Some of the Canadian companies available as inter-listed stocks in the U.S. include Encana(ECA), Suncor (SU), Canadian Natural Resources Limited (CNQ), Imperial Oil Ltd. (IMO).
The Top 10 Oil and Natural Gas Exporting Countries
Crude Oil aka “Black Gold” and Natural Gas are two of the major commodities that are traded heavily in the international commodity markets. Countries that are blessed with these resources accumulate great wealth as the prices of oil and natural gas go up. Russia, for example, reaped huge profits in recent years when price of crude oil soared. Conversely the Russian markets fell hard last year when crude prices fell dramatically.
While most people know that the Middle East holds most of the world’s oil reserves, not many of us know what countries exactly export the most of the oil produced.The same applies to natural gas as well. So I did some research to find out the answers.
The Top 10 Oil and Natural Gas Exporting Countries in 2007 were:
Click to Expand
Source: Facts - 2009, The Norwegian Petroleum Sector
Ministry of Petroleum and Energy, Norway
Note: The latest data available is for 2007
Saudi Arabia was the largest exporter of oil at 8.1 Million per day. Russia came in at second. Norway ranked fifth with 2.3M barrels per day. StatoilHydro ASA (STO) is one of the largest Norwegian oil and gas companies that is active in many countries.
Russia was the largest exporter of natural gas. It is interesting to note that Canada was the second major exporter followed by Norway. Some of the large Canadian oil and gas companies are:
Imperial Oil Ltd. (IMO)
Petro-Canada (PCZ)
Canadian Natural Resources Limited (CNQ)
Suncor Energy Inc. (SU)
EnCana Corp. (ECA)
Malaysia ranked number eight in natural gas exports. It must be noted that Malaysia is a net exporter of both oil and natural gas.
Oil ADRs: Which Stock is Leading So Far This Year?
The S&P 500 Index is down 24.43% as of March 5, this year. The energy sector components within the index have fallen 21.11% in the same period. As the recession deepens, the consumption of gasoline has decreased. After soaring to over $140 last year, Crude Oil is now in the $40 range. Today the April delivery of crude oil trades at $44.25 per barrel.
Some experts have predicted that crude will fall to $30 level some time this year. However this has to be taken with a grain of salt since last year similar experts said that the price will cross over $200 per barrel.
In the US markets, 21 ADRs related to the oil& gas production, distribution and equipment service are traded. The following is the performance of these ADRs as of March 5:
| Company | Ticker | March 5 -Closing Price | YTD % Change | Country |
|---|---|---|---|---|
| Petroleo Brasileiro | PBR | $27.55 | 9.84% | Brazil |
| Transportadora de Gas del Sur | TGS | $1.93 | -4.93% | Argentina |
| StatoilHydro | STO | $16.51 | -5.34% | Norway |
| Samson Oil and Gas | SSN | $0.36 | -8.11% | Australia |
| WSP Holdings | WH | $3.91 | -13.27% | China |
| Ecopetrol | EC | $16.88 | -14.75% | Colombia |
| China National Offshore Oil-CNOOC | CEO | $84.07 | -17.15% | China |
| Santos | STOSY | $39.25 | -18.71% | Australia |
| Petrobras Energia | PZE | $5.10 | -19.87% | Argentina |
| TOTAL | TOT | $47.19 | -20.11% | France |
| Sasol | SSL | $25.10 | -20.38% | South Africa |
| China Petroleum & Chemical | SNP | $53.06 | -21.78% | China |
| Acergy | ACGY | $4.99 | -22.49% | Norway |
| Royal Dutch Shell - B Shares | RDS.B | $39.86 | -23.60% | United Kingdom |
| Royal Dutch Shell - A Shares | RDS.A | $41.12 | -24.29% | United Kingdom |
| PetroChina | PTR | $71.10 | -24.63% | China |
| BP | BP | $35.82 | -26.10% | United Kingdom |
| Repsol YPF | REP | $15.24 | -31.94% | Spain |
| Eni | E | $35.63 | -32.62% | Italy |
| CGG Veritas | CGV | $10.67 | -32.82% | France |
| YPF | YPF | $22.70 | -61.17% | Argentina |
Chart (click to enlarge):
The only oil ADR that is in the positive territory this year is Petrobras (PBR) of Brazil. The giant oil companies - TotalFina (TOT), Royal Dutch Shell (RDS.A , RDS.B), British Petroleum (BP) - are all down over 20%. The worst performing stock is YPF of Argentina with a loss of 61%.
The recently listed EcoPetrol (EC) of Colombia is holding up well. Eni Spa(E) of Italy is an attractive play at current levels since it pays a dividend of 10.66% and operates both in the production and distribution of natural gas and oil.
