From Contrarian Outlook: If you’ve filled up your car lately, I don’t have to tell you that oil prices have come back to life after years in the doldrums.
From Knowledge Leaders Capital: A recent report by The Wall Street Journal identified a new generation of supercomputers as the fuel behind Big Oil’s “digital arms race to find oil and trim costs.”
Technical analyst Chris Kimble looks at the chart of a major oil exploration ETF and finds a potential bullish breakout in the works.
We speak about options activity in XOP (SPDR Oil & Gas Exploration & Production, Expense Ratio 0.35%, $2 billion in AUM) today in our ETF/Index Options recap which consists of protective put buying in December.
From Chris Kimble: Crude Oil has been moving higher of late, putting it at a price point that looks to be important from a long-term perspective.
From Invesco: In my more than 20 years in the investment business, I have seen many companies and industries lose their focus and discipline for a variety of reasons.
From Chris Kimble: Oil & Gas Exploration stocks have been hit hard over the past few years, falling over 50%. Could an opportunity be at hand in this hard-hit sector? It’s certainly possible.
From Chris Kimble: Oil Drillers have had little to smile about over the past years. Could this trend be about to end? A pattern is in play that highlights a counter trend rally could be near.
For the first time in recent recollection, we have seen some bullish looking options activity in the popular XOP (SPDR S&P Oil & Gas Exploration & Production, Expense Ratio 0.35%, $2 billion in AUM).
Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today focuses on bearish options bets taking place against a popular energy fund.
From Sean Brodrick: On Wednesday, Saudi Energy Minister Khalid al-Falih met with his Russian counterpart, Alexander Novak. They pledged to do “whatever it takes” to support oil prices.
Today in our ETF/Index options recap, we profile the largest “Oil and Gas Exploration and Production” ETF once more, thanks to a plunge in the underlying stocks and interesting options activity in the name, XOP (SPDR S&P Oil & Gas Exploration & Production, Expense Ratio 0.35%, $1.9 billion in AUM).
From Zacks: Which market sector outperformed all others in 2016? Knowing which sector has been hot could point to where you should invest in 2017.
Today’s fund flows update from Paul Weisbruch of Street One Financial points out the relentless recent downside momentum in crude oil prices, and subsequent bearish options bets beginning to be placed against oil & gas producers.
XOP (SPDR Oil & Gas Exploration & Production, Expense Ratio 0.35%, $2.2 billion in AUM) is the unabashed leader in the specific sub-sector within the greater “Energy Equity” category known as “Oil & Gas Exploration & Production,” which is populated by eight ETFs at the moment.