Guggenheim S&P Equal Weight Energy ETF (RYE) - NYSEARCA
  • Wed, Jun. 22, 10:06 AM
    | Wed, Jun. 22, 10:06 AM | 53 Comments
  • Mon, Jun. 6, 11:18 AM
    • Crude oil prices push more than 2% higher, with Brent at $50.68/bbl and WTI at $49.75, thanks to a falling dollar, continued attacks on oil infrastructure in Nigeria, and reports of a pipeline failure and spill at Exxon Mobil's (XOM +1.2%) Torrance refinery near Los Angeles.
    • However, XOM has since told CNBC that the refinery had experienced a refining byproduct leak in an internal pipe that was contained in the Torrance property, and there is no impact to operations.
    • An incident at Torrance normally would not cause a significant jump in oil prices, but analysts say the current market is sensitive to any perception of a supply disruption.
    • Crude futures also are supported after Genscape reported a draw of more than 1M barrels at the Cushing, Okla., delivery point for the WTI contract.
    • ETFs: USO, UNG, OIL, XLE, UWTI, UGAZ, UCO, DGAZ, VDE, ERX, DWTI, OIH, SCO, XOP, BNO, BOIL, DBO, GAZ, FCG, ERY, GASL, DIG, DTO, USL, DUG, BGR, XES, KOLD, IYE, IEO, UNL, FENY, IEZ, DNO, PXE, GASX, FIF, OLO, PXJ, RYE, SZO, NDP, GUSH, DCNG, DRIP, FXN, DDG, OLEM
    | Mon, Jun. 6, 11:18 AM | 17 Comments
  • Thu, May 12, 12:25 PM
    • The Obama administration's final regulations on methane emissions from oil and gas wells are even tougher than the rules it proposed last year, as rules applying immediately to new and modified wells and are expanded to include low-producing wells and more frequent site inspections.
    • The EPA estimates the new regulations will result in $530M in additional costs in 2025, at least 25% higher than the preliminary version released in August, and comes as the industry already is slashing spending on new exploration.
    • The agency claims the costs will be offset by $690M in savings by 2025 as lower emissions mean less severe storms and other outcomes of a changing climate.
    • Companies will have to upgrade pumps and compressors while expanding the use of green completion technology meant to capture the surge of gas that can spring out of newly fracked wells; green completion techniques have been required at new and modified natural gas wells since 2015, but the new rules broaden the requirement to oil wells.
    • The EPA estimates the final standards will reduce 510K short tons of methane in 2025, roughly the same effect as cutting 11M metric tons of carbon dioxide.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, IYE, IEO, FENY, PXE, GASX, FIF, PXJ, RYE, NDP, GUSH, DRIP, FXN, DDG
    | Thu, May 12, 12:25 PM | 84 Comments
  • Fri, Apr. 22, 3:43 AM
    • Leaders from 130 nations are gathering in New York for the formal signing of the climate change accord reached in Paris four months ago, which aims to limit the overall world temperature rise to below 2 degrees Celsius.
    • With each country's signing of the pact, they must also submit an action proposal plan for the deal to be effective.
    • The target date is 2020, but if enough countries ratify, officials say the agreement could enter into force much sooner.
    • ETFs: XLE, ERX, VDE, KOL, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG
    | Fri, Apr. 22, 3:43 AM | 8 Comments
  • Mon, Apr. 18, 3:56 PM
    | Mon, Apr. 18, 3:56 PM | 62 Comments
  • Mon, Apr. 18, 10:25 AM
    | Mon, Apr. 18, 10:25 AM | 39 Comments
  • Mon, Apr. 18, 4:39 AM
    • World shares are following crude deep into the red, after the world's largest oil exporters failed to reach an agreement in Doha to freeze output at January levels.
    • The major sticking point during the meeting was the heightened tension between Saudi Arabia, the de facto OPEC leader, and Iran, which made a last-minute decision not to attend the gathering.
    • Although no one expected Tehran to freeze production after its international sanctions were lifted, it wasn't clear if the Saudis would demand that Iran immediately join the pact.
    • Crude futures -5% to $39.63/bbl.
    • In Asia: Japan -3.4%; Hong Kong -0.8%; China -1.4%.
    • In Europe: London -0.6%. Paris -0.8%. Frankfurt -0.8%.
    • U.S. futures: Dow -0.4%. S&P -0.5%. Nasdaq -0.5%.
    | Mon, Apr. 18, 4:39 AM | 52 Comments
  • Sun, Apr. 17, 9:38 PM
    • The world's largest oil-producing countries this weekend failed to reach a deal to freeze output at current levels. The cards were set early after Iran decided at the last minute not to attend - no surprise to watchers like Wilbur Ross who earlier said talks were doomed to failure because Iran would not agree to any production limits until it ramped up to pumping out about 4M barrels per day.
    • With Saudi Arabia vowing not to freeze production until others did the same, there wasn't much left to talk about.
    • WTI crude oil is lower by 4.5% to $39.84 per barrel, dragging down S&P 500 (NYSEARCA:SPY) futures by 0.6%.
    • Oil ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM
    • Broad Energy ETFs: XLE, VDE, ERX, OIH, ERY, DIG, DUG, BGR, IYE, FENY, FIF, PXJ, RYE, FXN, DDG, ERYY
    • Now read: Oil Cap Talks: The Smoke And Mirror Games (April 16)
    | Sun, Apr. 17, 9:38 PM | 121 Comments
  • Fri, Apr. 15, 5:41 PM
    • Crude oil prices are up 50% since February but most U.S. energy producers are not buying the bounce, and the rise in drilling activity that typically follows higher oil prices has not materialized this year.
    • Dow Jones reports that oil and gas execs meeting in New York this week for an industry conference expressed considerable caution, with Wunderlich's Jason Wangler saying producers talked more about reducing drilling even further rather than ramping up, as the focus is on costs and liquidity.
    • Cimarex Energy (NYSE:XEC) CEO Thomas Jordan told attendees that his company was hesitant to drill more before seeing more evidence that the commodity cycle had hit bottom, and "we haven't seen the fundamental support for that thesis."
    • Whiting Petroleum (NYSE:WLL) CEO James Volker said the company expects to spend 80% less this year than in 2015 and plans to put most of its $500M capex toward drilling but not completing ~160 wells, waiting for a potential price recovery in 2017.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN
    • Now read U.S. oil rig count falls by three in latest Baker Hughes tally
    | Fri, Apr. 15, 5:41 PM | 15 Comments
  • Thu, Apr. 14, 3:30 PM
    • The Obama administration announces new oil well control rules aimed at preventing the kind of blowout that happened in the 2010 Gulf of Mexico oil spill.
    • The regulations announced by the Interior Department tighten requirements for blowout preventers, well design, well control casing, cementing and sub-sea containment, and call for real-time monitoring, third-party reviews of equipment, regular inspections and safe drilling margin requirements.
    • The effects will be particularly acute for the Gulf’s top crude oil and gas producers, Royal Dutch Shell (RDS.A +1.1%), BP (BP -1.6%), Chevron (CVX +0.1%) and Exxon Mobil (XOM +0.4%); XOM says the new rules will cost $25B over 10 years and render many offshore discoveries worthless.
    • Offshore drilling stocks are broadly lower on the news: RIG -6.1%, DO -1.4%, ESV -5.1%, RDC -7.3%, NE -5.4%, ATW -9%, SDRL -8.9%, SDLP -4%.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN
    | Thu, Apr. 14, 3:30 PM | 171 Comments
  • Wed, Apr. 13, 7:12 PM
    • Chesapeake Energy (NYSE:CHK) was able to maintain its $4B bank line but many of its competitors are faring far worse: Since the start of 2016, lenders have yanked $5.6B of credit from 36 oil and gas producers, a 12% reduction, according to data compiled by Bloomberg.
    • Banks are cutting their oil and gas exposure in part because they are facing pressure from regulators and investors to rein in risk; JPMorgan said today that it had set aside another $529M to cover expected energy loan losses.
    • "The banks are walking a tightrope," says Bloomberg's Spencer Cutter. "They don’t want to push the companies into bankruptcy, but on the other hand they’re getting a lot of heat from regulators and investors. They can’t keep kicking the can down the road like they did last year."
    • At least 15 companies have seen their credit lines cut, including Whiting Petroleum (NYSE:WLL), Rex Energy (NASDAQ:REXX), Halcon Resources (NYSE:HK), Goodrich Petroleum (GDP) and Midstates Petroleum (NYSE:MPO).
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN
    | Wed, Apr. 13, 7:12 PM | 39 Comments
  • Wed, Apr. 13, 5:34 PM
    • The Obama administration is expected to issue sweeping new regulations on offshore drilling tomorrow, imposing potentially costly requirements for coastal wells and the emergency equipment needed to prevent environmental disasters.
    • The oil industry has warned that such measures would impose potentially tens of billions of dollars in new costs and threaten to restrict drilling in the Gulf of Mexico, which accounts for ~17% of U.S. crude production.
    • The final rule is expected to ease some industry concerns, including by giving oil and gas companies more flexibility on the timing of equipment tests.
    • ETFs: XLE, VDE, ERX, OIH, XOP, FCG, ERY, GASL, DIG, DUG, BGR, XES, IYE, IEO, FENY, IEZ, PXE, FIF, PXJ, RYE, NDP, GUSH, DRIP, DDG, FXN
    | Wed, Apr. 13, 5:34 PM | 23 Comments
  • Fri, Apr. 8, 3:49 PM
    | Fri, Apr. 8, 3:49 PM | 52 Comments
  • Tue, Mar. 29, 12:58 PM
    • The Obama administration yesterday defended its Clean Power Plan regulation limiting carbon emissions from power plants, telling the D.C. Circuit Court of Appeals that the rule is well within the bounds of its authority.
    • The Clean Air Act provides the EPA with “well-established authority to abate threats to public health and welfare by limiting the amount of air pollution that power plants pump into the atmosphere,” the agency wrote in a brief submitted to the court, and that the regulation was critical to addressing what it said was the most important environmental challenge facing the U.S.
    • The regulation would require a 32% cut in power plant carbon emissions by 2030, based on 2005 levels, by calling on states to shift their power sources from coal-fired plants to cleaner sources such as renewable sources and natural gas.
    • The D.C. Circuit will hear oral arguments on the legality of the regulation in June; whichever side loses is expected to appeal to the U.S. Supreme Court, which blocked the rule in February, sending it back to the D.C. court .
    • ETFs: XLE, XLU, VDE, ERX, OIH, UTG, IDU, VPU, ERY, DIG, DUG, BGR, IYE, GUT, BUI, FENY, FIF, PXJ, RYE, FUTY, RYU, UPW, FXN, FXU, DDG, SDP
    | Tue, Mar. 29, 12:58 PM | 28 Comments
  • Fri, Mar. 18, 9:58 AM
    • The Obama administration targets offshore drilling in its latest crackdown on air pollution from oil and gas operations, as the Bureau of Ocean Energy Management says it is developing new air standards for the first time in more than three decades.
    • Looking at operations in the Gulf of Mexico and Arctic Ocean, the proposed rules are designed to reign in emissions on everything from offshore platforms to the ice breakers that clear the way off the coast of Alaska.
    • The proposal is criticized by the American Petroleum Institute, which says  offshore drilling has little impact on air quality on land and that the government was moving ahead of its own study into the scale of the pollution.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Fri, Mar. 18, 9:58 AM | 3 Comments
  • Fri, Mar. 18, 9:49 AM
    • U.S. pipeline regulators are proposing new rules to strengthen safety requirements for the country’s 300K-mile network of natural gas transmission pipelines in response to fiery accidents in recent years in the U.S. and Canada.
    • The Department of Transportation proposal would expand inspection and repair rules to include lines in some rural areas and recently-installed lines in gas drilling fields.
    • Pressure testing for leaks would be required on older lines that were previously exempt, such as the PG&E pipe constructed in 1956 that broke and torched a residential neighborhood in San Bruno, Calif., six years ago.
    • ETFs: XLE, VDE, ERX, OIH, ERY, FCG, DIG, GASL, DUG, XES, BGR, IYE, IEZ, FENY, PXJ, FIF, RYE, FXN, DDG
    | Fri, Mar. 18, 9:49 AM | 2 Comments
RYE Description
Seeks to replicate as closely as possible, before expenses, the performance of the S&P Equal Weight Index Energy.
See more details on sponsor's website
Country: United States
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