Shares of oil and gas companies are trading lower amid a drop in the price of crude.
Portfolio Pulse from Benzinga Newsdesk
Shares of oil and gas companies are trading lower amid a drop in the price of crude.
May 29, 2024 | 4:00 pm
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NEGATIVE IMPACT
Canadian Natural Resources Limited (CNQ) shares are trading lower due to a drop in crude oil prices.
As a major player in the oil and gas sector, CNQ's stock price is sensitive to changes in crude oil prices. The current drop in crude prices is negatively impacting CNQ's share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Devon Energy Corporation (DVN) shares are trading lower due to a drop in crude oil prices.
Devon Energy, being heavily involved in oil and gas production, is experiencing a decline in its stock price due to the falling crude oil prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
EOG Resources, Inc. (EOG) shares are trading lower due to a drop in crude oil prices.
EOG Resources' stock price is negatively impacted by the drop in crude oil prices, reflecting the company's exposure to the oil market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marathon Petroleum Corporation (MPC) shares are trading lower due to a drop in crude oil prices.
Marathon Petroleum's stock is affected by the decline in crude oil prices, leading to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nordic American Tankers Limited (NAT) shares are trading lower due to a drop in crude oil prices.
Nordic American Tankers, which operates in the oil transportation sector, is seeing its stock price decline due to the drop in crude oil prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NCS Multistage Holdings, Inc. (NCSM) shares are trading lower due to a drop in crude oil prices.
NCS Multistage Holdings, involved in oilfield services, is experiencing a decline in its stock price due to the falling crude oil prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tortoise Pipeline & Energy Fund, Inc. (TTP) shares are trading lower due to a drop in crude oil prices.
Tortoise Pipeline & Energy Fund, which invests in energy infrastructure, is seeing its stock price decline due to the drop in crude oil prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Valero Energy Corporation (VLO) shares are trading lower due to a drop in crude oil prices.
Valero Energy's stock is negatively impacted by the decline in crude oil prices, leading to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80