Friday, January 8, 2016

Oil: Okay, Who the Hell Is Buying The Exploration & Production Companies? (XOP)

In the E&P ETF some of the components are rocking:

Southwestern  up 3%
Antero            up 7.5%
Range             up 7.3%
Cabot              up 4.1%
Gulfport          up 4.9%

On a day the futures are off a half percent at $33.10?
The ETF itself is only up a percent but that's because Tesoro and Valero are both down 5%.
I've been meaning to ask the State Street folks why they have refiners and integrateds in the XOP but have never gotten around to it.