Saturday, September 7, 2013

Texas Oil & Gas Corps and Partnerships Market Prices Up 170% Since President Obama Took Office

From a review of SEC Filings , I found 57 Oil & Gas Corps and Partnerships headquartered in the State of Texas which generated Core, Ongoing Pretax Income or Pretax Loss of at least $200 mil each in any of the first three years of the Obama Administration (2009, 2010 or 2011), and which also had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on September 6, 2013 or were acquired in either 2012 or 2013.

Several of the 57 Companies are legally foreign corporations but with substantial operations in Texas.

The historical stock prices were obtained from the following two excellent internet resources.....  Google Finance and MarketWatch Big Charts .

These 57 Texas Oil & Gas Companies had their average stock prices increase by a very impressive 170% from January 16, 2009 to September 6, 2013.  This 170% increase is 1.8 times the 95% increase in the S&P 500 Index over the same time span.

More than half of these 57 Texas Oil & Gas Companies had at least triple-digit percentage increases.

The Oil & Gas industry doesn't seem to be so hot on the Obama Administration, but that is not consistent with what has happened in Texas where the 57 largest Oil & Gas Companies have experienced an average stock market price appreciation of 170% so far during the Obama Administration or in Oklahoma where the 12 largest Oil & Gas Companies have experienced an average stock market price appreciation of an even higher 277% so far during the Obama Administration.

I would be surprised if this average stock market price appreciation for these 57 Texas Oil & Gas Companies isn't above 300% for the Obama Administration's entire 8 year run.  After all, US Energy Secretary Ernest Moniz is extremely bright and also very savvy.  He strongly favors Green Energy but he also knows that US technological advances in getting to oil and gas have been just spectacular in recent years and he also understands that if US natural gas drilling is done in the best environmental and safe way, it will do both economic and national security wonders for the country.

Of these 57 Texas Oil & Gas Companies, 41 of them were HQed in the Houston Area and experienced an average stock market price increase of 168% so far during the Obama Administration.  In comparison, 10 of them were HQed in the Dallas Area and experienced a bit higher 189% average.

Below here are the common stock market closing prices of each of these 57 Texas Oil & Gas Companies at both the most recent date (September 6 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:



Market Market Percentage

Texas Price Price Increase

HQs 9-6-13 1-16-09 (Decrease)
Texas Oil & Gas Companies  



Pioneer Natural Resources Irving $180.86 $16.11 1023%
CVR Energy Sugar Land $42.44 $4.71 801%
Targa Resources Partners Houston $49.19 $7.89 523%
Cabot Oil & Gas Houston $38.74 $6.26 519%
Oceaneering Intl Houston $81.03 $14.77 449%
Oil States Intl Houston $95.28 $19.51 388%
Core Labs NV Houston $156.93 $33.93 363%
Concho Resources Midland $99.84 $22.11 352%
FMC Technologies Houston $54.71 $13.12 317%
Helix Energy Solutions Houston $25.81 $6.56 293%
HollyFrontier Dallas $43.69 $11.42 283%
Energy Transfer Equity LP Dallas $63.51 $17.06 272%
Atwood Oceanics Houston $56.05 $15.22 268%
National Oilwell Varco Houston $78.01 $24.25 222%
Southern Union Dallas $41.10 $13.44 206%
Tesoro San Antonio $46.78 $15.91 194%
Western Refining El Paso $29.03 $10.04 189%
Halliburton Houston $49.54 $17.74 179%
Rowan Companies Houston $37.26 $13.81 170%
Noble Energy Houston $62.91 $23.40 169%
Plains All American Pipeline LP Houston $50.47 $18.89 167%
Enterprise Products Partners Houston $58.65 $22.00 167%
Cameron Intl Houston $58.40 $22.58 159%
EOG Resources Houston $161.72 $63.73 154%
Anadarko Petroleum The Woodlands $93.01 $37.48 148%
El Paso Pipeline Partners Houston $41.00 $16.65 146%
Plains Exploration & Production Houston $48.90 $20.80 135%
Spectra Energy Houston $32.79 $14.78 122%
Schlumberger Houston $85.14 $39.90 113%
Marathon Oil Houston $35.69 $17.28 107%
Enbridge Energy Partners Houston $29.94 $14.52 106%
Key Energy Services Houston $7.87 $3.82 106%
Patterson UTI Snyder $19.83 $10.15 95%
ConocoPhillips Houston $68.20 $37.64 81%
Noble Corp Houston $39.00 $21.61 80%
Buckeye Partners Houston $66.37 $37.06 79%
Valero Energy San Antonio $36.76 $21.95 67%
Kinder Morgan Energy Partners Houston $80.19 $48.20 66%
Denbury Resources Plano $17.66 $10.76 64%
Atmos Energy Dallas $39.49 $24.43 62%
Baker Hughes Houston $48.99 $31.88 54%
Linn Energy Houston $24.25 $15.98 52%
Weatherford Intl Houston $15.49 $10.77 44%
Boardwalk Pipeline Partners Houston $29.63 $20.72 43%
Nabor Industries Houston $15.96 $11.29 41%
Energy Transfer Partners Dallas $50.79 $35.95 41%
Southwestern Energy Houston $37.63 $28.60 32%
Newfield Exploration The Woodlands $23.86 $19.99 19%
W&T Offshore Houston $16.38 $13.90 18%
Apache Houston $86.51 $74.49 16%
Exxon Mobil Irving $87.25 $78.10 12%
Diamond Offshore Houston $64.33 $57.97 11%
Alon USA Energy Dallas $12.18 $11.42 7%
Transocean Ltd Houston $46.47 $50.09 -7%
NuStar Energy LP San Antonio $41.11 $45.26 -9%
Ultra Petroleum Houston $20.36 $34.64 -41%
Quicksilver Resources Fort Worth $1.68 $6.65 -75%





Average Increase:  all 57 Oil & Gas Companies

170%