Energy Select Sector SPDR ETF (XLE) - NYSEARCA
  • Jul. 6, 2015, 3:15 PM
    • WTI crude oil settled at a three-month low $52.53/bbl, -7.7%, on a confluence of worries about the Greece debt drama, China’s stock markets and a new flood of Iranian oil; Brent crude fell to $56.50, -6.3%, to snap its 100-day MA.
    • WTI has dropped 10% over three straight sessions and Brent more than 7% lower in two consecutive days, breaking out of the narrow trading band of the past three months and risking a deeper slide ahead.
    • The energy sector (XLE -1.3%) is easily the worst performing equity group today: CLR -7.4%, NOG -7.8%, OAS -8.5%, DNR -6.7%, WLL -6%.
    • Oil supermajors also are sharply lower: XOM -1%, COP -2.8%, CVX -1.1%, BP -3.3%, TOT -3%.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, USL, DNO, OLO, SZO, TWTI, OLEM
    | Jul. 6, 2015, 3:15 PM | 93 Comments
  • Jul. 1, 2015, 5:19 PM
    • Saudi Arabia’s move to abandon its role as the balancing force in world oil markets has successfully pressured U.S. shale players and put the brakes on America’s energy boom, Royal Dutch Shell (RDS.A, RDS.B) CEO Ben van Beurden tells Financial Times.
    • Many in the industry had come to believe - incorrectly - that price risk had ceased to exist, assuming that OPEC always would adjust the oil volumes it supplied to meet global demand and keep crude prices at more than $100/bbl, van Beurden says.
    • The CEO stopped short of predicting a sharp slide in U.S. output, arguing that companies’ efforts to cut costs and improve efficiency meant that production likely would continue "for a while” at roughly current levels, until “the sweet spots start running out."
    • But it would be hard to justify substantial new spending on infrastructure and drilling if U.S. crude prices remain at $50-$60/bbl, since extracting “more marginal” barrels would need higher oil prices, van Beurden says.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | Jul. 1, 2015, 5:19 PM | 19 Comments
  • Jul. 1, 2015, 9:55 AM
    | Jul. 1, 2015, 9:55 AM | 6 Comments
  • Jun. 24, 2015, 6:57 PM
    • A spike in earthquakes across Oklahoma is forcing the state's energy regulator to urgently consider tougher restrictions on drilling activity, calling it a "game changer."
    • During the June 17-24 period, Oklahoma experienced 35 earthquakes of magnitude 3.0 or greater, according to the Oklahoma Geological Survey, with some of the quakes occurring in the Oklahoma City metro area where there are no high-volume wastewater injection wells.
    • The spike in quakes comes two months after drillers were ordered by the Oklahoma Corporation Commission, which regulates the oil and gas industry, to stop disposing wastewater below the state's deepest rock formation.
    • Oklahoma's elected officials have been reluctant to shackle an industry that directly generated more than 7% of state revenues last year in the form of production taxes from companies such as Devon Energy (NYSE:DVN), SandRidge Energy (NYSE:SD), Chesapeake Energy (NYSE:CHK) and Continental Resources (NYSE:CLR).
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | Jun. 24, 2015, 6:57 PM | 52 Comments
  • Jun. 24, 2015, 1:07 PM
    • A U.S. District Court in Wyoming has halted implementation of an Interior Department rule that would set standards for fracking on federal land, issuing a stay that delays compliance for at least a month on the rule that was set to go into effect today.
    • Wyoming, North Dakota, Colorado, Utah, the Independent Petroleum Association and the Western Energy Alliance had filed for an injunction.
    • The judge said it is necessary to give the federal government more time to explain how it developed the rule and how it considered comments from the public.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG, DRIP, GUSH
    | Jun. 24, 2015, 1:07 PM | 6 Comments
  • Jun. 19, 2015, 2:07 PM
    • Energy Select Sector SPDR (NYSEARCA:XLE) announces quarterly distribution of $0.509.
    • 30-Day Sec yield of 2.63% (as of 06/17/2015).
    • Payable June 29; for shareholders of record June 23; ex-Div. June 19.
    | Jun. 19, 2015, 2:07 PM
  • Jun. 5, 2015, 11:49 AM
    • Analysts say yesterday's release of a landmark EPA study that found fracking had no widespread impact on drinking water makes it less likely that the Obama administration or Congress will strip a 2005 exemption of fracking from drinking water laws and that the EPA will move to tighten rules on disclosure of the chemicals used and limits on the methane emitted.
    • "The EPA fracking study does not appear likely to spur additional federal water regulation beyond initiatives that are already in process," ClearView Energy Partners analyst Kevin Book writes.
    • That’s seen as good news for companies such as Halliburton (NYSE:HAL) and Schlumberger (NYSE:SLB), the largest oil services companies, as well as producers such as Exxon Mobil (NYSE:XOM) and Chesapeake Energy (NYSE:CHK), as they weather lower oil and natural gas prices.
    • The study "is absolutely consistent with all the previous studies that show that effective well containment practices make hydraulic fracturing a very safe practice,” XOM said after the report's release.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, XES, IYE, IEO, IEZ, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | Jun. 5, 2015, 11:49 AM | 124 Comments
  • Jun. 4, 2015, 6:32 PM
    • Chesapeake Energy (NYSE:CHK) hit a 52-week low today amid a double whammy of negative news concerning the natural gas market.
    • The U.S. Energy Information Administration said storage levels grew by 132B cf in the week ended May 15 to 2.2T cf, 51% more than a year ago; the weekly surplus is the largest in 12 years and the second largest in EIA records that date back to 1994.
    • Many analysts believe the oversupply eventually will push another fall in gas prices; "The market was ready for a large injection, but it's still extremely bearish," one said.
    • Also, the Natural Gas Supply Association said in its 15th annual Summer Outlook assessment of the natural gas market that it expects production to set records and inflict downward pressure on prices compared with summer 2014.
    • "Even with record-setting demand expected, production is also projected to set summer records," says Bill Green, NGSA chairman and Devon Energy (NYSE:DVN) VP of downstream marketing.
    • ETFs: XLE, VDE, ERX, OIH, ERY, FCG, DIG, GASL, DUG, BGR, IYE, FENY, FIF, PXJ, RYE, FXN, DDG
    | Jun. 4, 2015, 6:32 PM | 43 Comments
  • Jun. 4, 2015, 2:57 PM
    • The EPA concludes there is no evidence that fracking has had a "widespread, systemic impact on drinking water," according to a five-year analysis of U.S. water pollution risks released today.
    • The EPA finds that, while there have been some cases involving spills and leaking wells, the spread of fracking did not cause extensive damage to groundwater resources.
    • The study warns of “potential vulnerabilities” to water supplies that need to be addressed, including ensuring wells are well built and wastewater is disposed of properly.
    • The report is the U.S. government’s most comprehensive examination of the relationship between fracking and drinking water, and it appears to mostly vindicate the energy industry's position that fracking can be carried out safely and does not need to pose a threat to water.
    • ETFs: XLE, VDE, ERX, OIH, XOP, KOL, ERY, FCG, DIG, GASL, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | Jun. 4, 2015, 2:57 PM | 17 Comments
  • May 29, 2015, 3:04 PM
    • Trying to catch the hot trends of the moment, Direxion this week launched the Daily S&P Biotech Bull 3X Shares ETF (NYSEARCA:LABU) and the Daily S&P Biotech Bear 3X Shares ETF (NYSEARCA:LABD). Also open for business are the Daily S&P Oil & Gas Exploration & Production Bear 3X Shares ETF (NYSEARCA:DRIP) and the Daily S&P Oil & Gas Exploration & Production Bull 3X Shares ETF (NYSEARCA:GUSH).
    • In another sign of the times, the company plans to shutter its Daily Gold Bull 3X Shares ETF (NYSEARCA:BAR).
    • Source: Barron's Chris Dieterich
    • Broad energy sector ETFs: XLE, VDE, ERX, OIH, ERY, DIG, DUG, BGR, IYE, FENY, FIF, PXJ, RYE, FXN, DDG
    | May 29, 2015, 3:04 PM | 7 Comments
  • May 29, 2015, 2:48 PM
    • WTI crude oil more than erases a week's worth of losses in the space of a few hours, closing the session up $2.61 per barrel, or 4.5% to $60.29.
    • As recently as yesterday afternoon, black gold was as low as $56.50 per barrel, and earlier today was still under $58.
    • Earlier this week, Ned Davis Research urged caution on oil itself and energy stocks, noting the exit of nearly $500M from the U.S. Oil Fund (USO +3.7%) this month, and $300M from the Energy Select SPDR (XLE -0.1%). At the same time, money has been flowing into bullish dollar ETFs.
    • "Investor flows are no longer supportive for energy ETFs. Valuations are not as compelling at this point either. … Seasonality is about to turn ugly for the energy sector. June is historically the worst month for XLE. And finally, while longer-term, the sector remains oversold, shorter-term trend evidence suggests caution for now," says NDR's Tony Welch.
    • ETFs: USO, OIL, XLE, UCO, UWTI, VDE, ERX, OIH, SCO, BNO, DBO, DWTI, ERY, DIG, DTO, UGA, DUG, BGR, USL, IYE, DNO, FENY, PXJ, FIF, UHN, OLO, SZO, RYE, FXN, TWTI, OLEM, DDG
    | May 29, 2015, 2:48 PM | 27 Comments
  • May 26, 2015, 2:53 PM
    | May 26, 2015, 2:53 PM | 35 Comments
  • May 21, 2015, 3:41 PM
    | May 21, 2015, 3:41 PM | 21 Comments
  • May 20, 2015, 2:41 PM
    • Oil and gas companies so far have largely weathered the sharp drop in oil prices with minimal carnage, but Moody's predicts in a new report that the carnage could be coming.
    • Moody’s predicts the default rate for oil and gas companies with lower credit ratings may increase to 7.4% by March 2016 from 2.7%; even if oil prices recover gradually to $70-$75/bbl next year, the weaker oil and gas firms will be positioned for a “much greater risk of default," the report says.
    • Moody's expects independent E&P companies to have the most trouble, as they are typically smaller in size and more reliant on outsize capital spending to replenish their reserves, while refiners are better positioned to survive oil price volatility because their business is not directly tied to the price of oil.
    • Oil and gas companies already have suffered a drop in their credit ratings: As of May 1, the group accounted for 14.8% of all the companies covered by Moody’s with credit ratings of B3 or lower, up from 8% the prior year.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, XES, IYE, IEO, IEZ, FENY, PXE, PXJ, FIF, PSCE, NDP, RYE, FXN, DDG
    | May 20, 2015, 2:41 PM | 2 Comments
  • May 19, 2015, 12:27 PM
    • The conventional wisdom is that Royal Dutch Shell's $70B buyout of BG Group will spark a wave of M&A activity as stronger companies seek to buy assets on the cheap amid low commodity prices, but Reuters columnist Clyde Russell argues the deal probably is not the shape of things to come in energy mergers.
    • Executives may be more cautious than 15 years or so when commodity prices last fell so sharply, eschewing mega-mergers in favor of smaller acquisitions and in-house projects to add shareholder value, Russell writes.
    • ConocoPhillips (NYSE:COP) Ryan Lance said yesterday that the rationale that drove the previous round of major deals does not apply now, as the rise of U.S. shale oil and gas production and the massive addition of reserves they provide has made acquisitions for the sake of adding to reserves less likely.
    • Both large and mid-size companies also have less need to fill in their portfolios with large deals, the CEO said, while the need to merge to drive cost reductions is less urgent after work that already has been done to cut costs.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, XES, IYE, IEO, IEZ, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG
    | May 19, 2015, 12:27 PM | 2 Comments
  • May 15, 2015, 5:57 PM
    | May 15, 2015, 5:57 PM | 3 Comments
XLE Description
The Energy Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Energy Select Sector Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
Country: United States
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