Crude Now Significantly Outperforming U.S. Energy Stocks

Over the past month Crude Oil prices have slowly, and quietly climbed back up near the feared $80/barrel price. Right now, crude is quoted at $77.29.

Amid this rally, we have noticed that investors in oil stocks seem to be shifting their attention away from crude prices and towards market trends, and primarily earnings numbers. Below we show the year-to-date performance of the S&P 500 Integrated Oil & Gas Index, versus crude oil prices. The index is made up of: CVX, COP, XOM, HES, MRO, MUR & OXY.

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Comments

[Marty From ...:]

The problem is low dividend payouts from the oil companies. Why hold potentially worthless paper when you can hold the real thing?

2007 Jul 31 02:58 PM

[J.D.C. 1:]

producing oil reserves for sale, they are located in western kentucy and are owned by a single 80+ year old wildcatter.

2008 Apr 23 05:54 PM