IXC: Energy Stocks Offer Strong Return Potential, But Not Without Volatility
iShares Global Energy ETF invests in energy companies within the S&P Global 1200, with capped weight restrictions to prevent dominance. IXC recently had assets under management of $2.15 billion, following somewhat volatile net fund flows, and an expense ratio of 0.41%. The fund's valuation indicates a potential IRR of 12%. However, uncertainty characterized by higher beta is likely to continue to produce volatility.
IXC: OPEC+ Is Probably Not That Firm On Cut Phase-Out Telegraph
OPEC+ has provided some baseline aspirations for phasing out their supply cuts, with some elements of the timeline disappointing oil markets. They are principally concerned with the fact that rival capacity has been allowed to grow, and some members in particular have been aggressive about increasing production. We think that due to the budgets of some of these companies, and less urgency over clearing assets, OPEC+ are not that firm on the cuts.
