8.23k followers • 19 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||17.33||+0.06||+0.35%||4:00 pm GMT-4||8.39M||12.20M||24.06B|
|XYL||Xylem Inc.||83.93||+0.47||+0.56%||4:04 pm GMT-4||750.83k||1.06M||15.10B|
|HAL||Halliburton Company||13.33||+0.11||+0.83%||4:00 pm GMT-4||10.09M||14.52M||11.71B|
|NOV||National Oilwell Varco, Inc.||10.81||-0.03||-0.28%||4:00 pm GMT-4||4.56M||5.29M||4.20B|
|CLH||Clean Harbors, Inc.||54.29||+0.49||+0.91%||4:00 pm GMT-4||396.84k||269.90k||3.02B|
|FTI||TechnipFMC plc||6.79||+0.09||+1.34%||4:02 pm GMT-4||4.62M||5.69M||3.02B|
|KEX||Kirby Corporation||37.39||-0.71||-1.86%||4:00 pm GMT-4||523.49k||654.87k||2.24B|
|HP||Helmerich & Payne, Inc.||14.94||-0.38||-2.48%||4:00 pm GMT-4||1.16M||1.82M||1.61B|
|RES||RPC, Inc.||2.99||+0.04||+1.36%||4:00 pm GMT-4||583.38k||770.20k||643.22M|
|PTEN||Patterson-UTI Energy, Inc.||3.17||-||-||4:00 pm GMT-4||1.91M||4.74M||601.51M|
|SLCA||U.S. Silica Holdings, Inc.||3.36||-0.03||-0.88%||4:00 pm GMT-4||787.92k||1.17M||248.27M|
|FTK||Flotek Industries, Inc.||2.95||+0.24||+8.86%||4:00 pm GMT-4||1.60M||558.09k||210.36M|
|NBR||Nabors Industries Ltd.||26.36||-0.21||-0.79%||4:00 pm GMT-4||266.63k||703.76k||194.89M|
|OIS||Oil States International, Inc.||3.12||-0.08||-2.50%||4:00 pm GMT-4||1.30M||1.01M||190.42M|
|PDS||Precision Drilling Corporation||0.6446||+0.00||+0.61%||4:00 pm GMT-4||140.09k||446.60k||177.66M|
|NR||Newpark Resources, Inc.||1.46||-0.01||-0.68%||4:00 pm GMT-4||706.07k||653.93k||132.35M|
|TTI||TETRA Technologies, Inc.||0.5463||+0.00||+0.33%||4:00 pm GMT-4||701.08k||3.87M||68.75M|
|SPN||Superior Energy Services, Inc.||0.93||-||-||4:00 pm GMT-4||97.98k||294.08k||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.
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, October 22, 2020, at 9:00 a.m. Central Time to discuss results for the three and nine months ending September 30, 2020.
Liberty CEO Chris Wright told Barron’s people shouldn’t mistake Schlumberger’s decision to exit fracking as a death knell for the industry.