Mark Hines

The Relationship between Oil, Drillers and Refiners

Hi H.W. I agree with you. This is just a short sample period of data for only a few stocks. It was only meant to give folks (and myself) a rough confirmation of a general relationship that many people assume to be true. Obviously there are a lot more factors at play, and a lot more robust models can be built for those inclined to do so. Thanks for you comments.

The Relationship between Oil, Drillers and Refiners

MarkR- I have access to some premium price data services that I cannot share, but you can get the same data for free all over the Internet. Try Yahoo!Finance for historical stock prices and try this link for historical oil prices:

tonto.eia.doe.gov/dnav...

Also, here is a link to my original article, which includes more detail on the regression results:
vestopia.com/Blogs/Mar...