8.23k followers • 16 symbols Watchlist by Motif Investing
Rising energy prices and geopolitical instability could force more nations to explore shale gas reserves, leading to wider opportunities for fracking.
Curated by Motif Investing
Hydraulic fracturing, or fracking, lets companies extract previously inaccessible oil and natural gas from shale rock formations deep within the earth - all at a relatively low cost. The technology has breathed new life into the natural gas industry, boosting production and driving down prices – even as environmental concerns mount. Natural gas could supply 25% of US energy needs by 2035. While still in its infancy overseas, fracking has the potential to be a global phenomenon. China, the world’s second largest energy consumer, has large shale gas reserves and is now moving quickly to deploy fracking to access them.
This motif contains stocks of companies that provide fracking technologies and services to oil and gas developers.
We identified US-listed stocks and American Depository Receipts of companies that are engaged in activities relevant to this watchlist's theme. We then filtered out companies that have a share price of less than .00 or a market capitalization less than 00 million, and excluded illiquid stocks by screening companies for liquidity i.e. average bid-ask spreads, dollar volume traded etc. Finally the proprietary Motif Optimization Engine determined the constituent stocks. Learn more about how we select our watchlists.Who made these selections?
Motif is an online brokerage built on thematic portfolios of up to 30 stocks and ETFs. Founded in 2010 by Hardeep Walia, Motif combines complex proprietary algorithms with skilled advisers to develop these thematic portfolios. Learn more about our team.How are these weighted?
First, we determined each company's percentage of total revenue derived from this watchlist's theme. Second, we applied a pure-play factor to give greater relative weight to companies that derive a higher percentage of their revenue from this theme. Finally, we weighted each company by its market capitalization adjusted for revenue exposure to the theme.
More details on how we build and weight watchlists are available here.
|Watchlist||Change Today||1 Month Return||1 Year Return||Total Return|
|Symbol||Company Name||Last Price||Change||% Change||Market Time||Volume||Avg Vol (3 month)||Market Cap|
|SLB||Schlumberger Limited||17.375||+0.10||+0.61%||3:04 p.m. EDT||5.92M||12.20M||24.12B|
|XYL||Xylem Inc.||83.65||+0.19||+0.23%||3:04 p.m. EDT||447.58k||1.06M||15.05B|
|HAL||Halliburton Company||13.345||+0.13||+0.95%||3:03 p.m. EDT||7.30M||14.56M||11.72B|
|NOV||National Oilwell Varco, Inc.||10.875||+0.03||+0.32%||3:04 p.m. EDT||2.89M||5.27M||4.22B|
|FTI||TechnipFMC plc||6.78||+0.08||+1.19%||3:04 p.m. EDT||3.62M||5.69M||3.03B|
|CLH||Clean Harbors, Inc.||54.61||+0.81||+1.51%||3:01 p.m. EDT||233.88k||266.70k||2.94B|
|KEX||Kirby Corporation||37.16||-0.94||-2.47%||3:04 p.m. EDT||274.28k||652.27k||2.23B|
|HP||Helmerich & Payne, Inc.||14.99||-0.33||-2.15%||3:04 p.m. EDT||702.47k||1.83M||1.61B|
|RES||RPC, Inc.||2.985||+0.03||+1.19%||3:04 p.m. EDT||360.35k||780.74k||648.18M|
|SLCA||U.S. Silica Holdings, Inc.||3.35||-0.04||-1.18%||3:01 p.m. EDT||599.13k||1.20M||255.16M|
|FTK||Flotek Industries, Inc.||2.87||+0.16||+5.90%||3:01 p.m. EDT||1.37M||548.84k||204.65M|
|PDS||Precision Drilling Corporation||0.6539||+0.01||+2.06%||3:02 p.m. EDT||112.87k||451.78k||186.12M|
|NR||Newpark Resources, Inc.||1.495||+0.02||+1.70%||3:01 p.m. EDT||253.83k||663.69k||139.95M|
|TTI||TETRA Technologies, Inc.||0.55||+0.01||+1.01%||2:59 p.m. EDT||495.73k||4.02M||69.21M|
|SPN||Superior Energy Services, Inc.||0.93||-||-||4:00 p.m. EDT||97.98k||278.55k||6.23M|
For example, Brookfield Infrastructure doesn't have any direct exposure to commodity prices, since regulated rates back its utilities and fixed-rate contracts insulate its energy midstream assets. Thus, an economic slowdown could affect Brookfield's earnings, especially the company's global ports business, since it could slow maritime trade.
Liberty CEO Chris Wright told Barron’s people shouldn’t mistake Schlumberger’s decision to exit fracking as a death knell for the industry.
Altus Midstream (NASDAQ: ALTM) and Halliburton Company (NYSE: HAL) shares are trading lower on Monday amid weakness in the price of oil.Altus Midstream owns natural gas gathering, processing, and transmission assets including transmission and gathering pipelines, compressor stations, mechanical refrigeration units, cryogenic units and associated gas treatment facilities in the Permian Basin of West Texas. The majority of the revenue is generated from gas processing services.Halliburton is the world's second-largest oilfield services company. Building from its origins pioneering oil and gas well cementing in the 1920s, Halliburton has evolved into the premier wellbore engineering company, with leading business lines in cementing, completion equipment, and pressure pumping.Altus Midstream shares were trading down 3.09% at $11.61 on Monday at the time of publication. The stock has a 52-week high of $61 and a 52-week low of $9.40.Halliburton Company shares were trading down 9.97% at $14. The stock has a 52-week high of $25.46 and a 52-week low of $5.25.See more from Benzinga * Why Oneok's Stock Is Trading Lower Today * Why Cormedix's Stock Is Trading Higher Today * Why HCA Healthcare's Stock Is Trading Lower Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.