Should You Invest in the VanEck Oil Services ETF (OIH)?
Looking for broad exposure to the Energy - Equipment and services segment of the equity market? You should consider the VanEck Oil Services ETF (OIH), a passively managed exchange traded fund launched on 12/20/2011.
OIH: Momentum Lacking Amid A Tick Up In The P/E, Bearish Seasonality Ahead
Oil prices are rising during the summer driving season, but Energy-sector stocks are lagging, with XLE and OIH poised for negative returns in Q2. The OIH ETF is underperforming the SPX & Crude Oil ETF, losing assets, and showing less impressive technical patterns within an emerging trading range. OIH has a concentrated allocation in its top 10 positions and historically weak July-September seasonals.
Baytex Energy: Narrower WCS Differentials Partially Offset Lower Oil Prices
With the Trans Mountain Pipeline expansion, WCS differentials have narrowed to near negative US$12, which is a US$7 improvement compared to Q1 2024. This partially offsets the impact of weaker oil prices, with 2H 2024 WTI strip at around $73 now. Baytex's Q1 2024 results were in line with expectations, and its full-year guidance remains unchanged.
Should You Invest in the VanEck Oil Services ETF (OIH)?
Launched on 12/20/2011, the VanEck Oil Services ETF (OIH) is a passively managed exchange traded fund designed to provide a broad exposure to the Energy - Equipment and services segment of the equity market.
Schumer and 22 fellow Senate Democrats urge Justice Department to crack down on oil-price fixing
WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged collusion and price fixing in the oil industry.
