OIH
VanEck Vectors Oil Services ETF  |  NYSEARCA
52wk high:36.35
52wk low:20.46
Expense Ratio:0.35%
Div Frequency:Annually
Div Rate (ttm):0.47
Yield (ttm):1.38%
Assets (AUM):$1.29B
Volume:
  • Wed, Jan. 11, 11:58 AM
    • Oil drillers will double the number of final investment decisions this year compared to last year, which would mean the industry may pull the trigger on 20 large multiyear projects in 2017, energy research firm Wood Mackenzie forecasts.
    • The total would still fall well short of the 2010-14 average of 40/year, but they generally would be smaller, more efficient projects, and capex per boe averages $7, down from $17 per boe for 2014 projects, Wood Mackenzie says.
    • Exploration and production spending for 2017 is set to rise 3% Y/Y to $450B, according to the firm's global upstream outlook.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, GASX, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK
    Wed, Jan. 11, 11:58 AM | 3 Comments
  • Mon, Jan. 9, 3:25 PM
    • Barclays believes it is finally time to return to the oilfield services sector despite some rich valuations, given the potential for “hyper earnings growth” from pricing and strong operating leverage on rationalized cost structures.
    • Barclays notes upstream spending is now more than 40% below the 2014 peak, and it sees room for 7% Y/Y growth in 2017, given the de facto $50/bbl floor that OPEC has put on prices; verifying that OPEC nations stick to the deal will be difficult at first, so the firm thinks near-term oil price risks are to the upside, and the “atrophied” U.S. supply chain will have to scramble to meet a 50% Y/Y increase in E&P spending.
    • The firm suggests U.S. shale drillers are looking to seize market share following OPEC members' recent decision to trim production amid the global crude oil glut.
    • Barclays lists Halliburton (HAL -1%), U.S. Silica (SLCA -2.6%), Forum Energy Technologies (FET -0.2%), Superior Energy Services (SPN +1%) and Dril-Quip (DRQ +0.2%) as its five favorite names in the sector, but it downgrades Weatherford (WFT +0.3%) to Equal Weight from Overweight citing uncertainty around management and the company's strategy.
    • ETFs: OIH, XES, IEZ
    Mon, Jan. 9, 3:25 PM | 5 Comments
  • Thu, Jan. 5, 4:39 AM
    • Iraq is beginning to take measures to cut back on crude oil output, according to oil minister Jabar Ali al-Luaibi.
    • The nation agreed as part of the OPEC decision to reduce output by 200K barrels per day to 4.351M in an effort to support prices.
    • Oil prices have cycled higher this week on confidence the OPEC cuts will hold.
    • WTI crude oil futures -0.17% to $53.17/bbl at last check. Brent crude -0.25% to $56.32/bbl.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK, SOP, UOP, NANR.
    Thu, Jan. 5, 4:39 AM | 3 Comments
  • Wed, Jan. 4, 2:48 PM
    • Credit Suisse analyst James Wichlund upgrades the oilfield services and equipment sector and select names, citing seasonal and cyclical recovery trade for 2017.
    • Oilfield services stocks are not cheap on any 2018 valuation metric, Wichlund says, but he expects to see upward earnings revisions beginning in Q1 and continue for the next few years - the opposite of the past two years of downward earnings revisions - and thinks management teams will underpromise and over-deliver on pricing and utilization gains as the cycle turns.
    • The firm upgrades Nabors Industries (NBR +3.8%) and Superior Energy (SPN +5%) to Outperform from Neutral, and raises Precision Drilling (PDS +5.2%) and Patterson-UTI (PTEN +2.9%) to Neutral from Underperform, while cutting Baker Hughes (BHI +0.1%) to Neutral from Outperform, citing a "significantly disconnected" valuation from business fundamentals.
    • ETFs: OIH, IEZ, XES
    Wed, Jan. 4, 2:48 PM | 4 Comments
  • Tue, Jan. 3, 12:48 PM
    • Crude oil futures have reversed course and moved sharply lower after touching their highest levels in 18 months, as concerns apparently begin to crop up over implementation of the crude oil output caps by OPEC and non-OPEC producers.
    • While no single catalyst seems responsible for the reversal, recent reports suggest that Libya and Nigeria, who were exempt from the cuts, have been making progress in restoring output faster than expected, and Kurdistan, which has not agreed to participate in the output cuts, reportedly is ramping up oil sales; a strong dollar and possible new year positioning dynamics also may be adding to the move.
    • “Indications of cheating - a major issue in past deals - would prove to be a significantly bearish factor,” says Schneider Electric analyst Robbie Frasier.
    • At least part of the reason for the move was technical, says Tyler Richey, noting "there was a roughly $1 ‘gap’ between Friday’s primary session close and this morning’s 9 a.m. open, and fast money traders chased it lower to ‘fill the gap.’”
    • ETFs: USO, OIL, XLE, UWTI, UCO, VDE, ERX, DWTI, OIH, SCO, BNO, DBO, ERY, DIG, DTO, USL, DUG, BGR, IYE, FENY, DNO, FIF, DBE, OLO, PXJ, RYE, SZO, DDG, FXN, RJN, OLEM, CRAK
    Tue, Jan. 3, 12:48 PM | 25 Comments
  • Dec. 30, 2016, 7:49 AM
    • Oil prices are expected to close with their biggest annual gain since 2009 after optimism over global output cuts stoked buying during the last few months.
    • Brent oil is up 50% YTD, while WTI is 43% higher.
    • A Reuters poll looking ahead to 2017 indicates that analysts expect oil prices to top $60 before the rally is stalled by a strong U.S. dollar.
    • Today, WTI crude oil futures  are down 0.13% to $53.70/bbl. Brent crude -0.40% to $56.63/bbl.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK, SOP, UOP, NANR.
    Dec. 30, 2016, 7:49 AM | 10 Comments
  • Dec. 23, 2016, 2:16 PM
    • Crude oil prices edge slightly higher in a quiet session dominated by U.S. economic data.
    • Looking beyond the holiday break, there's still some underlying confidence that OPEC and non-OPEC oil producers will stick to their planned production cuts.
    • WTI crude oil futures +0.09% to $53.00/bbl. Brent crude +0.16% to $55.15/bbl.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK, SOP, UOP, NANR.
    Dec. 23, 2016, 2:16 PM | 6 Comments
  • Dec. 22, 2016, 9:38 AM
    • Crude oil prices edge higher as traders continue to digest inventory reports.
    • U.S. crude oil inventories came in unexpectedly high at 485.4M barrels, while refineries operated at 91.5% capacity. Market watchers are also keeping tabs on Libya which is expected to boost production over the next several months.
    • Oil prices are also facing a headwind with the U.S. Dollar Index at a multi-year high.
    • WTI crude oil futures +0.40% to $52.70/bbl at last check. Brent crude +0.40% to $54.69/bbl.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK, SOP, UOP, NANR.
    Dec. 22, 2016, 9:38 AM | 7 Comments
  • Dec. 20, 2016, 4:19 PM
    • Pres. Obama, as expected, moves to indefinitely block oil and gas drilling in vast areas of the Atlantic and Arctic oceans by invoking a little used provision in a 1953 law normally used to preserve coral reefs.
    • It's the latest in a string of last-minute actions ahead of the incoming Trump administration, which has said it would roll back much of Obama's environmental legacy; other recent actions have included an EPA determination to keep intact tougher fuel economy standards, an Interior Department regulation putting tighter restrictions on coal mining near streams, and an indefinite pause in issuing a final decision on the Dakota Access pipeline.
    • "The Obama administration is trying to fill the sky with so many last-minute actions and rules, hoping that the new administration and Republicans in Congress can’t knock all of them out of the sky,” says Kevin Book of ClearView Energy Partners.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, GASX, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK
    Dec. 20, 2016, 4:19 PM | 40 Comments
  • Dec. 19, 2016, 6:45 PM
    • Pres. Obama is ready to use a 1953 law to block the sale of new offshore drilling rights in much of the U.S. Arctic and parts of the Atlantic, perhaps as early as tomorrow, a move that could restrict oil production there indefinitely, Bloomberg reports.
    • The provision has been used sparingly to preserve coral reefs, walrus feeding grounds and marine sanctuaries, and a move to expand it to withdraw U.S. waters from future oil and gas leasing surely would draw a legal challenge, and there is scant legal precedent on the matter.
    • The move would block the sale of new oil and gas leases in most of the Chukchi and Beaufort seas north of Alaska, but likely would not affect drilling or production under existing leases, including 42 parcels owned by Royal Dutch Shell (RDS.A, RDS.B), Eni (NYSE:E) and others.
    • Environmentalists have been pressing for a decision, but such a move could backfire, as Republicans in Congress could repeal the law entirely so it could not be used to protect environmentally sensitive areas in the future.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, IYE, FRAK, IEO, IXC, FENY, PXE, IPW, GASX, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK
    Dec. 19, 2016, 6:45 PM | 55 Comments
  • Dec. 19, 2016, 9:40 AM
    • VanEck Vectors Agribusiness ETF (NYSEARCA:MOO) - $1.0980. 30-Day Sec yield of 1.56%.
    • VanEck Vectors Coal ETF (NYSEARCA:KOL) - $0.1320. 30-Day Sec yield of 1.54%.
    • VanEck Vectors Global Alternative Energy ETF (NYSEARCA:GEX) - $1.0710. 30-Day Sec yield of 0.64%.
    • VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) - $0.0550. 30-Day Sec yield of 0.14%.
    • VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) - $1.5070.
    • VanEck Vectors Natural Resources ETF (NYSEARCA:HAP) - $0.6430. 30-Day Sec yield of 2.00%.
    • VanEck Vectors Oil Refiners ETF (NYSEARCA:CRAK) - $0.7130. 30-Day Sec yield of 2.77%.
    • VanEck Vectors Oil Services ETF (NYSEARCA:OIH) - $0.4660. 30-Day Sec yield of 0.95%.
    • Payable Dec. 23; for shareholders of record Dec. 21; ex-div Dec. 19. 30-Day Sec yield as of 12/16/2016.
    • Press Release
    Dec. 19, 2016, 9:40 AM
  • Dec. 15, 2016, 5:13 AM
    • Crude oil prices are recovering from their slide after the Federal Reserve hiked interest rates yesterday.
    • A stronger U.S. dollar is seen as a possible concern on demand.
    • Investors expect a tight market in 2017 on their faith in the OPEC and non-OPEC production cut deals.
    • WTI crude oil futures +0.55% to $51.32/bbl at last check. Brent crude +0.98% to $54.43/bbl.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK, SOP, UOP, NANR.
    Dec. 15, 2016, 5:13 AM | 1 Comment
  • Dec. 13, 2016, 1:49 PM
    • Hydraulic fracturing can pose a risk to drinking water in some circumstances, but further conclusions about the severity of the risk cannot be determined with current data, the EPA says in a new report.
    • The report removes a finding from a draft issued in June 2015 indicating that fracking has not caused “widespread, systemic” harm to drinking water in the U.S.; the phrase was not included because “data gaps did not allow us to quantify how widespread the impacts are,” according to the EPA's science advisor.
    • In last year's draft report, the EPA said the number of contamination cases was small compared to the large number of wells that are fracked nationwide; the new final report says more broadly that the agency has scientific evidence that fracking activities “can impact drinking water resources under some circumstances.”
    • The American Petroleum Institute criticizes what it calls an “abandonment of science” in the EPA’s revised conclusions.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, FRAK, IEO, FENY, IEZ, PXE, GASX, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN, CRAK
    Dec. 13, 2016, 1:49 PM | 8 Comments
  • Dec. 7, 2016, 3:40 PM
    Dec. 7, 2016, 3:40 PM | 113 Comments
  • Nov. 30, 2016, 11:40 AM
    Nov. 30, 2016, 11:40 AM | 47 Comments
  • Nov. 30, 2016, 9:50 AM
    Nov. 30, 2016, 9:50 AM | 29 Comments