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PXJ

Although many investors have been focused in on oil markets and major oil producers such as ExxonMobil this week, many of the oil service companies have also been surging as well. Broad ETFs tracking this market segment have risen by more than 4% in just three days of trading, as many investors have bought up these companies in anticipation of a wave of new projects thanks to near $100/bbl. oil and continued tension in the Middle East, two factors which make excess exploration more likely. This trend looks likely to boost investor demand for oil service firms and increase expectations for their full year outlook since no matter how successful the exploration operations are, extra drilling for oil will boost the need for various auxiliary services. [click to continue…]

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When the Deepwater Horizon oil platform exploded in late April, few expected the story to be dominating headlines almost six weeks later. However, as oil began to spill out and BP’s numerous efforts to contain the problem failed, it became increasingly clear that this would become one of the worst environmental disasters in world history. In its latest attempt, BP tried to plug the leak using a ‘top kill’ method, which sought to pump mud into the well. More than 1.2 million gallons of mud were used, but BP retreated from the plan over the weekend as it became clear that the “top kill” was not going to be successful due to most of the mud escaping out of the damaged riser. [click to continue…]

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Finding The Right Oil ETF For A Crude Rally

by on May 19, 2010 | Updated November 6, 2012

As storm clouds continue to gather over the euro zone, the repercussions of a rise in uncertainty have been felt in nearly every corner of the global economy. All assets denominated in euro have fallen out of favor. Financial stocks with exposure to European debt have been sold off. Even South American emerging markets have […]

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In recent weeks, no news story has dominated headlines as much as the ongoing saga playing out in the Gulf of Mexico, better known as the Deepwater Horizon oil spill. It has been nearly a month since an oil well blowout caused an explosion 40 miles southeast of the Louisiana coast, sparking what has already […]

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Obama Opens Offshore Drilling; Oil ETFs Soar

by on March 31, 2010 | Updated April 2, 2010

Earlier today, President Obama announced that he is lifting bans on offshore drilling and oil and gas exploration off the Virginia coast, move likely to renew a heated debate between environmental groups and Big Oil. Obama also announced that he will be expanding lease sales for oil and gas exploration on the Atlantic seaboard. The […]

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The Definitive Oil ETF Guide: List of Oil ETFs and More

by on October 22, 2009 | Updated November 1, 2012

Direct investment in crude oil products used to be limited to major financial institutions and oil companies themselves, but the development of the ETF industry in the U.S. has democratized the investment process in many ways, including making investments in various oil products accessible to average investors. There are a number of exchange-traded products that […]

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According to its August Atlantic Hurricane Outlook, the National Oceanic and Atmospheric Administration (NOAA) expects a “near- to below-normal Atlantic hurricane season as the calming effects of El Niño continue to develop.” After getting off to a very mild start (there has been little activity since the official June 1 start of the season), it […]

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