alex62
9 years ago
During the past week, SPDR Oil & Gas Equipment & Services (XES) rose 0.21 points, or 1.13%, to 18.74. The SPDR Oil & Gas Equipment & Services weekly downtrend started on August 31, 2015 at 21.78 and reached 17.21 on October 02, 2015, making 20.98% drop in five weeks.
The price has reached its lowest level since April 2009. Volume was 251% above average. Expansion of range and high volume means that there is increased interest in the stock. XES has a selling climax signal. A selling climax is a sign of distribution and is often the first sign that a trend is running out of steam. Daily Lane's Stochastic main line (K%) crossed above the oversold signal line (D%). XES price is below 20 and 50 Day Moving Average. Relative Strength Index is oversold in a monthly and weekly time frames. Williams' Percentage Range is strongly oversold in a monthly, weekly, and daily time frames. Lane's Stochastic is oversold in a monthly and daily time frames.
OilStockReport
13 years ago
Haha yes I am ready. I know there are a lot of conflicting points of view on what oil prices will do over the next 1-2 years but I think we are about to see a new leg of this bull market.
I do also like BQI here. I've been playing that one since it used to be Canwest some 5 years ago or so.
Here are some interesting expert opinions I have been tracking on oil prices:
Jeff Rubin forecasts in his book Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization that the price of oil will reach $225 a barrel by 2012, thanks to increasing demand and decreasing affordable supply. Jeff has been named Canada's top economist 10 times. Click here to read more about this research.
www.thegreeninterview.com/jeff-rubin-bio
Oil prices to double by 2012: Canadian study. Analyst Jeff Rubin in his report noted accelerating depletion rates in many of the world's largest and most mature oil fields. He estimates oil production will hardly grow at all, with average daily production between now and 2012 rising by barely a million barrels per day.
http://www.breitbart.com/article.php?id=080424190433.04dy6kj4
Goldman Sachs had the highest 2012 forecast of $130 a barrel a recent monthly oil poll, well above an average of $106.80 a barrel expected in 2012. JP Morgan latest crude oil price forecast remains on the upside.
http://www.liveoilprices.co.uk/oil/oil_trading/10/2011/jp-morgan-latest-crude-oil-price-forecast-remains-on-the-upside.html
Energy analyst Charles Maxwell of Weeden & Co says by 2020, when we have 1.5 percent increases in demand each year and 0.5 percent declines on the downside, then we’ll really be in a fix. At that time, I’m looking at $300 a barrel in money of the day.
http://turnkeyoil.com/2010/11/18/300-per-bbl-oil-by-2020/
Research provided by 247 Wall St analyst Paul Ausick stated, demand growth for crude in 2012 is nearly certain to outpace supply growth. That’s the main takeaway. If the US kicks off another round of easing, the gap could get even wider. Either way prices at the pump are surely headed back to more than $4/gallon. And higher would not be surprising.
http://turnkeyoil.com/2011/07/14/high-demand-mean-high-priced-oil-in-2012/
OilStockReport
14 years ago
With the increase in technological advances in Oil Services specialization is increasingly the order of the day. From deep water to reworks each company can have a very unique place within the industry and sometimes on the same project. This is why investment in the service end of oil extraction takes on its own unique character. To ensure that you stay current with the next big tech and that is in the right neighborhood, on land or under the ocean, you have to spread your investment among the many different companies that do some very different things.
Author Matt McCall makes comes to a pretty good conclusion in his recent look at Oil Services ETFs.
Still, better performance can be found in the SPDR S&P Oil & Gas Equipment and Services ETF (XES). The ETF also has the group’s lowest expense ratio at 0.35 percent.
XES is composed of 27 stocks, with just 41 percent allocated to the top ten stocks. What’s more, the largest holding, Weatherford (WFT), only accounts for 4 percent of the allocation. That gives the ETF the best diversification bang-for-your-buck in our pool.
With an acceptable P/E ratio of 17.7, XES is up 27 percent in 2010. The ETF has also done well long-term; since 2007, XES has gained 22 percent, just behind IEZ and easily beating the other two choices.
So when all factors are taken into consideration, IEZ is clearly the best choice in the sector.
OilStockReport
14 years ago
As the stock market inches higher, bargain hunting gets a little bit harder. But offshore drillers, along with related ETFs, are trading at bargain price-to-earnings ratios after investors dumped shares in what appeared to be guilt by association to the BP-Gulf oil fiasco.
Offshore drilling companies that lease oil rigs to energy companies are trading as low as 7-1011 times estimated 2007 earnings and 6-to-7 times 2008 returns, reports Andrew Bary for Barron’s. Wall Street has kept oil driller valuations low because of concerns associated with an increase in new rig operations set to come out.
However, oil bulls believe that the current boom in the oil industry may continue into the next decade as high oil and gas prices create greater demand for offshore production. Transocean (NYSE: RIG) CEO Bob Long recently stated that they are “comfortable that…oil prices down to $40 a barrel and maybe even down to $35 would have little or no impact on the deepwater market.”
More recently, some drilling companies have been repurchasing shares in an attempt to increase the value of their stocks. But the buybacks haven’t made much of a difference for most stocks that have continued to slip in the last year. Other drillers have implemented more favorable dividend payouts, but that too has not helped valuations much.
Still, other companies, like Rosetta Resources (NASDAQ: ROSE), are also expanding their oil and gas exploratory development on land, writes David Fessler for InvestmentU. Rosetta was able to decrease the number of its operations during lean times to save money to reinvest in promising areas that are now cheap. Additionally, the company has maintained its “legacy wells” that continue to generate a steady stream of revenue.
There are five ways to get exposure to the oil exploration industry, according to the ETF Analyzer. Visit the Analyzer to see all 17 ways to play the oil industry. All of these ETFs are currently above their 200-day moving average, meaning there may be an opportunity here.
iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (NYSEArca: IEO)
iShares Dow Jones U.S. Oil Equipment & Services Index Fund (NYAR: IEZ)
PowerShares Dynamic Oil Services (NYSEArca: PXJ)
SPDR S&P Oil & Gas Exploration & Production (NYSEArca: XOP)
SPDR S&P Oil & Gas Equipment & Services (NYSEArca: XES)
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lambchops
12 years ago
