VanEck Vectors Oil Services ETF (OIH) - NYSEARCA
  • Dec. 12, 2015, 1:42 PM
    • The first-ever global deal on climate change was signed today in Paris after leaders met for two weeks. 200 nations participated in the accord.
    • The major goal of the agreement is to limit the rise of average global temperatures to within two degrees of where they stood before industrial times.
    • Participation is voluntary which makes it difficult to gauge how effective the landmark deal will be in the future.
    • 97% of peer-reviewed published scientific studies have found a link between human activity and global temperatures.
    • ETFs with a potential link to the climate deal: XLE, ERX, VDE, KOL, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG
    | Dec. 12, 2015, 1:42 PM | 248 Comments
  • Dec. 10, 2015, 5:02 PM
    | Dec. 10, 2015, 5:02 PM | 101 Comments
  • Dec. 8, 2015, 2:34 AM
    • As the climate summit in Paris enters its final week, clean energy stocks have gained little ground, and several fund managers say they have not been doing any additional buying as a result of the meeting.
    • "I have quite low expectations of anything meaningful" for the near term, said Edward Guinness, portfolio manager at the Guinness Atkinson Alternative Energy Fund.
    • Even if the talks see big commitments for alternative energy development, money won't start flowing for several years and many of the pledges are aimed at early stage projects not run by public companies.
    • Previously: Leaders press for climate breakthrough in Paris (Dec. 01 2015)
    • Previously: World leaders gather for UN climate conference (Nov. 29 2015)
    • ETFs: XLE, ERX, VDE, KOL, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG
    | Dec. 8, 2015, 2:34 AM | 3 Comments
  • Dec. 7, 2015, 10:35 AM
    • The energy sector (-4.5%) paces the opening decline, as WTI crude oil prices -4% at $38.35/bbl following a 2.7% slide on Friday after OPEC's failure to agree on a production target to reduce the oil glut.
    • Investors are betting on oil prices staying lower for even longer after OPEC's non-decision, pushing U.S. crude futures for delivery nearly 10 years away below $60/bbl, Reuters reports.
    • But the oil glut is set to continue as much because of the U.S. as of OPEC, as U.S. shale drillers have only trimmed their pumping a little, and rising oil flows from the Gulf of Mexico are propping up U.S. production; the overall output of U.S. crude fell just 0.2% in September, the most recent monthly federal data available, and is down less than 3%, to 9.3M bbl/day, from the peak in April.
    • Goldman Sachs says it expects oil prices to remain "lower for longer," with a risk that prices could fall as low as $20/bbl.
    • In early trading: XOM -2.9%, CVX -4.1%, BP -3.2%, RDS.A -4.2%, COP -4.6%, MPC -3.2%, MRO -7.4%, PSX -2.8%, HES -4.9%, APC -6.1%, OXY -3.1%, EOG -5.8%, DVN -9.3%, PXD -7.2%, APA -3.9%, CHK -8%, CLR -9.1%.
    • ETFs: USO, OIL, XLE, UCO, UWTI, VDE, ERX, OIH, SCO, XOP, BNO, DBO, DWTI, ERY, FCG, DIG, GASL, DTO, DUG, BGR, USL, XES, IYE, IEO, IEZ, DNO, FENY, PXE, PXI, PXJ, FIF, OLO, SZO, NDP, RYE, FXN, OLEM, DDG
    | Dec. 7, 2015, 10:35 AM | 118 Comments
  • Dec. 7, 2015, 10:30 AM
    • That the price of oil has been in a bear market isn't news, but the $40-$41 range has proven to be pretty effective support. That level was breached on Friday after OPEC couldn't agree on production cuts, and black gold today has a $38 handle for the first time since the depths of the financial crisis.
    • WTI crude is lower by 4.1% on the session to $38.35.
    • Natural gas is down 3.3% today, and also at multi-year lows.
    • The Energy Sector SPDR (XLE -4.4%), is dragging the Dow and S&P each lower by 0.7%.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, IEZ, FENY, PXE, PXJ, FIF, PSCE, NDP, RYE, FXN, DDG, DRIP, GUSH
    | Dec. 7, 2015, 10:30 AM | 24 Comments
  • Dec. 4, 2015, 3:25 PM
    • U.S. crude oil settled 2.7% lower at $39.97 and Brent fell 1.9% to $43 after OPEC decided to roll over its policy of maintaining crude production in order to retain market share - a not unexpected outcome but one that offers no relief in sight for the oil industry's pain.
    • "OPEC not cutting is going to put more pressure on oil prices," and the pressure on companies’ spending will feed through into their investment in increasing their production, says Jefferies equity analyst Jason Gammel. “It’s not as though they’ll shut down existing production, but over time their output will decrease."
    • Don’t expect prices to stabilize until low prices force curtailments of pumping in the U.S., which will not happen until the end of next year, Goldman Sachs analyst Damien Courvalin.
    • Energy stocks (-0.7%) are the only S&P industry sector to decline, as the rest of the market has rebounded from yesterday's drop; some of the big oils - XOM +0.3%, CVX +0.6% - have inched higher, and refiners are mostly higher, but it's another down day for most: DVN -1.2%, CLR -5.9%, MRO -2.3%, HES -1%, COP -0.8%, EOG -0.7%, APC -2.4%, ETE -9.3%, ETP -3.5%, EPD -2.4%, WMB -6.9%.
    • ETFs: USO, OIL, XLE, UCO, UWTI, VDE, ERX, OIH, SCO, XOP, BNO, DBO, DWTI, ERY, FCG, DIG, GASL, DTO, DUG, BGR, USL, XES, IYE, IEO, IEZ, DNO, FENY, PXE, PXI, PXJ, FIF, OLO, SZO, NDP, RYE, FXN, OLEM, DDG
    | Dec. 4, 2015, 3:25 PM | 150 Comments
  • Dec. 4, 2015, 9:12 AM
    | Dec. 4, 2015, 9:12 AM | 9 Comments
  • Dec. 3, 2015, 6:22 PM
    • In a precedent-setting verdict, a federal jury today convicted former Massey Energy CEO Don Blankenship of conspiring to violate federal safety laws in connection with a 2010 coal mine explosion that killed 29 miners.
    • Relatives of those killed and prosecutors praised the decision, even though the jury acquitted Blankenship of making false statements and of securities fraud.
    • Blankenship is believed to be the first top executive of a major U.S. corporation to be convicted of workplace safety-related charges brought after a deadly industrial accident.
    • Blankenship faces a maximum $250K fine and up to a year in prison; sentencing is set for March 23.
    • ETFs: XLE, VDE, ERX, OIH, KOL, ERY, DIG, DUG, BGR, IYE, FENY, FIF, PXJ, RYE, FXN, DDG
    | Dec. 3, 2015, 6:22 PM | 1 Comment
  • Dec. 2, 2015, 3:21 PM
    | Dec. 2, 2015, 3:21 PM | 84 Comments
  • Dec. 2, 2015, 10:57 AM
    • New York Attorney General Schneiderman is calling on U.S. regulators to impose new safety rules requiring energy companies to treat crude oil using a process that removes volatile gases before the fuel can be loaded onto trains.
    • The gases have been linked to fiery explosions after railroad accidents, including the deadly 2013 crash in Quebec.
    • Yesterday, Schneiderman petitioned the U.S. Pipeline and Hazardous Materials Safety Administration to set a cap on the vapor pressure of crude transported by train.
    • Energy companies say vapor pressure is not the best predictor of whether a train’s cargo is likely to explode, and that regulators should focus on keeping trains from running off the rails.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | Dec. 2, 2015, 10:57 AM | 5 Comments
  • Dec. 1, 2015, 6:55 PM
    • The world's oil companies have canceled or delayed final investment decisions on ~150 projects that could wipe out 19M bbl/day from the world’s hydrocarbons and stay underground for several years longer than expected amid lower crude oil prices, according to a new report from Tudor Pickering Holt.
    • Canada and Norway top the investment bank’s list of deferred projects by country, while surprisingly few deepwater projects have been deferred in the Gulf of Mexico and Brazil.
    • The biggest oil companies account for a third of the 150 projects Tudor Pickering says have been delayed or canceled, a scale that “suggests that companies will have real growth issues toward the end of the decade,” and some will have to buy smaller rivals to make up for it.
    • BP and Chevron (NYSE:CVX) have deferred the largest number of projects, while Exxon (NYSE:XOM) could delay the most oil barrels (~2.5M bbl/day of production capacity from 25 projects); Royal Dutch Shell (RDS.A, RDS.B) is deferring 1.7M bbl/day, but its deal to buy BG Group and its deepwater fields off Brazil has alleviated many of the growth issues it might otherwise face.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, IXC, FENY, PXE, IPW, PXJ, FIF, NDP, RYE, FXN, GNAT, SZC, DDG, FILL
    | Dec. 1, 2015, 6:55 PM | 51 Comments
  • Dec. 1, 2015, 4:04 AM
    • World leaders are urging a breakthrough in the UN climate conference in Paris, calling for a "decisive turn in the fight against global warming."
    • While some are voicing concerns regarding the form of a potential agreement, others are arguing that the quality of the deal reached is more important than whether its legally enforceable.
    • As the summit continues into a second day, the capitals of the world's two most populous nations, China and India, were blanketed in hazardous smog, with Beijing on an "orange" pollution alert, the second-highest level.
    • Previously: World leaders gather for UN climate conference (Nov. 29 2015)
    • ETFs: XLE, ERX, VDE, KOL, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG
    | Dec. 1, 2015, 4:04 AM | 10 Comments
  • Nov. 29, 2015, 10:01 AM
    • Leaders from nearly 150 countries are gathering in Paris this weekend to discuss a possible new global agreement on climate change.
    • The conference, known as COP21, starts on Monday and will try to craft a long-term deal to reduce greenhouse gas emissions.
    • One key problem is what form an agreement will take. The U.S. for instance will not sign up to a legally binding "treaty" as there would be little hope of getting it through a hostile Congress.
    • ETFs: XLE, ERX, VDE, KOL, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG
    | Nov. 29, 2015, 10:01 AM | 87 Comments
  • Nov. 17, 2015, 7:12 PM
    • Marc Lasry, chief executive of distressed investing specialist Avenue Capital, says investing in energy debt offers a "once-in-a-lifetime opportunity," after plunges in oil and other commodity prices left many companies overleveraged.
    • Lasry told the Reuters Global Investment Outlook Summit today that the amount of distressed debt in energy has grown to $250B-$300B from $100B at the start of 2015, which offers opportunities for patient investors not bent on making a quick buck.
    • The oil slump will hurt exploration and production companies, Lasry says, but prices "will always come back. The question is, does it take six months or does it take three years?"
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | Nov. 17, 2015, 7:12 PM | 18 Comments
  • Nov. 16, 2015, 11:17 AM
    • Bullish on consumer discretionary names (NYSEARCA:XLY) since the financial crisis, Thomas Lee downgrades the sector to Neutral while upgrading the beaten-down energy group (NYSEARCA:XLE) to Overweight.
    • At issue for consumer stocks is strengthening labor markets leading to higher wages, and thus driving margin compression. October's strong jobs report confirms what Lee has been hearing anecdotally - it's harder to find qualified applicants.
    • Rotating money into energy, Lee sees reflation, potential dollar declines, and accelerating U.S. investment spending. Lee takes note of the round-trip of energy vs. consumer discretionary. Starting the energy/consumer discretionary ratio at 1 in about 2004, it rose to above 4 prior to the global financial crisis, and has fallen all the way back to 1 today (chart here).
    • ETFs: XLE, VDE, ERX, XLY, OIH, ERY, DIG, XRT, VCR, DUG, BGR, IYE, FENY, RTH, RETL, FIF, PXJ, RYE, FXD, FDIS, FXN, RCD, PMR, DDG
    | Nov. 16, 2015, 11:17 AM | 4 Comments
  • Nov. 6, 2015, 5:30 PM
    • Oilfield service companies are in "survival mode," looking to cut costs large and small - from thousands of job cuts to capacity reductions to changing paint colors - WSJ reports.
    • Example: Technip (OTCQX:TNHPF) is cutting 6K jobs and using white paint instead of yellow on underwater equipment because adding pigment is more expensive.
    • The oil downturn has left even the world's biggest oil services company, Schlumberger (NYSE:SLB), vulnerable; in its Q3 results, the company reported big drops in earnings and revenue.
    • Next year could be even worse as producers cut more than $200B in spending this year and next; consult Wood Mackenzie expects only 10 new projects globally to attract investment commitments, which would hit a sector that typically has the capacity to support an average of 40-50 new projects a year.
    • Other relevant tickers include: HAL, BHI, CAM, WFT, AMFW, XLE, OIH, XES, IEZ
    | Nov. 6, 2015, 5:30 PM | 5 Comments
OIH Description
VanEck Vectors Oil Services ETF (OIH) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS U.S. Listed Oil Services 25 Index (MVOIHTR), which is intended to track the overall performance of U.S.-listed companies involved in oil services to the upstream oil sector, which include oil equipment, oil services, or oil drilling.
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Country: United States
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