Can Energy ETFs Regain Fervor On Capital Spending Cuts?
Zacks Funds - Seeking Alpha - Thu Feb 05, 3:16PM CST
After a seven-month wild run, oil and energy stocks have bounced back strongly in recent sessions following the slew of capital spending cuts by several major players in the industry. This move, along with the latest data that a number of U.S. oil...
PXE: 29.13 (+0.30), FXN: 20.99 (+0.27), FRAK: 21.18 (+0.32), IOIL: 15.29 (+0.14), XOP: 48.19 (+0.22), FCG: 10.25 (+0.12), PSCE: 27.33 (+0.25)
Can Energy ETFs Regain Fervor on Capital Spending Cuts? - ETF News And Commentary
Sweta Killa - Zacks Investment Research - Thu Feb 05, 9:00AM CST
The current rally in the energy ETFs seems to be short lived as reduced investments will likely cut supply in the long-term not in the short-term.
PXE: 29.13 (+0.30), FXN: 20.99 (+0.27), FRAK: 21.18 (+0.32), IOIL: 15.29 (+0.14), XOP: 48.19 (+0.22), FCG: 10.25 (+0.12), PSCE: 27.33 (+0.25)