Energy Select Sector SPDR ETF (XLE) - NYSEARCA
  • 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
  • Tue, Apr. 12, 10:50 AM
    | Tue, Apr. 12, 10:50 AM | 93 Comments
  • Fri, Apr. 8, 3:49 PM
    | Fri, Apr. 8, 3:49 PM | 52 Comments
  • Fri, Apr. 1, 9:38 AM
    • "It looks like the freeze deal may be starting to fall apart," says Dominick Chirichella of the Energy Management Institute, suggesting the April 17 meeting between OPEC and non-OPEC producers to discuss a freeze deal could be postponed.
    • Chirichella is reacting to comments from Saudi Arabia's deputy crown prince Mohammed bin Salman, who told Bloomberg his country will only freeze its oil output if Iran and other producers agree to cut theirs.
    • Even if a freeze were agreed to, it's not necessarily bullish, say other analysts. "It is hard to see how sticking to the January output level would be supportive for oil prices,” says one. “Maintaining this level is a tall order in itself as Iran will almost surely not be part of any agreement...There will be no rebalancing this year.”
    • WTI crude is lower by 3.7% to $36.93 per barrel, and now down about 15% over the past couple of weeks. It's dragging the XLE lower by 1.8% and the S&P 500 in turn by 0.75%. Europe's Stoxx 50 (NYSEARCA:FEZ) is down 2.7%.
    • USO -3.45%
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM
    • Now read: Saudi Arabia Is Freezing Oil Production By Default (Video) (April 1)
    | Fri, Apr. 1, 9:38 AM | 69 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
  • Thu, Mar. 24, 7:23 AM
    • Perhaps boding ill for the strong rally in risk assets since February 11, black gold is lower by another 2% today, and now at $38.98 per barrel vs. $42.50 at the end of last week. USO -2.4%, XLE -1% premarket
    • Bulls can't complain too much though, crude was well below $30 per barrel six weeks ago, and the XLE is higher by 13% since Feb. 11 and up 2% for the year.
    | Thu, Mar. 24, 7:23 AM | 23 Comments
  • Fri, Mar. 18, 2:44 PM
    • Materials Select Sector SPDR ETF (NYSEARCA:XLB) - quarterly distribution of $0.1573. 30-Day Sec yield of 2.14% (as of 3/16/2016).
    • Energy Select Sector SPDR ETF (NYSEARCA:XLE)- quarterly distribution of $0.4524. 30-Day Sec yield of 3.18% (as of 3/16/2016).
    • Financial Select Sector SPDR ETF (NYSEARCA:XLF)- quarterly distribution of $0.1230. 30-Day Sec yield of 2.04% (as of 3/16/2016).
    • Industrial Select Sector SPDR ETF (NYSEARCA:XLI) - quarterly distribution of $0.2828. 30-Day Sec yield of 2.11% (as of 3/16/2016).
    • Technology Select Sector SPDR ETF (NYSEARCA:XLK) - quarterly distribution of $0.2202. 30-Day Sec yield of 1.77% (as of 3/16/2016).
    • Consumer Staples Select Sector SPDR ETF (NYSEARCA:XLP) - quarterly distribution of $0.2709. 30-Day Sec yield of 2.35% (as of 3/16/2016).
    • Utilities Select Sector SPDR ETF (NYSEARCA:XLU) - quarterly distribution of $0.3675. 30-Day Sec yield of 3.31% (as of 3/16/2016).
    • Health Care Select Sector SPDR ETF (NYSEARCA:XLV) - quarterly distribution of $0.2367. 30-Day Sec yield of 1.60% (as of 3/16/2016).
    • Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLY) - quarterly distribution of $0.3211. 30-Day Sec yield of 1.43% (as of 3/16/2016).
    • Financial Services Select Sector SPDR Fund (NYSEARCA:XLFS) - quarterly distribution of $0.1226. 30-Day Sec yield of 1.78% (as of 3/16/2016).
    • Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) - quarterly distribution of $0.3030. 30-Day Sec yield of 3.04% (as of 3/16/2016).
    • All are payable Mar. 29; for shareholders of record Mar. 24; ex-div Mar. 22.
    | Fri, Mar. 18, 2:44 PM | 2 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
  • Thu, Mar. 17, 3:08 PM
    • With the S&P 500 returning to more or less flat on the year, Bespoke digs down into sector performance and finds most of them nicely in the green, including the roughed-up energy group (NYSEARCA:XLE) with a 5.9% gain.
    • Leading on the upside, though, are the telecoms (NYSEARCA:XTL), ahead 14.4%, and utilities (NYSEARCA:XLU), up 13.3%. Consumer Staples (NYSEARCA:XLP), Materials (NYSEARCA:XLB), and Industrials (NYSEARCA:XLI) are all up between 3.7% and 4.5%, while Consumer Discretionary (NYSEARCA:XLY) is flat.
    • Holding the S&P 500 back, then, is healthcare (NYSEARCA:XLV), with an 8.2% decline, and financials (NYSEARCA:XLF), down 5.5%. Within, healthcare, the biotechs (NASDAQ:IBB) have plunged 27%.
    | Thu, Mar. 17, 3:08 PM
  • Tue, Mar. 15, 11:31 AM
    • U.S. shale producers and oilfield services companies are warning that they may not be able to jump-start drilling even if oil prices stabilize, as many are too financially strapped, have cut too many workers, or have idled too much equipment to quickly ramp up again, WSJ reports.
    • Some of the largest U.S. oilfield services firms have laid off 110K people in the past year, Evercore ISI analysts estimate, and many of those workers have no plans to return to the industry.
    • Basic Energy Services (NYSE:BAS), which has cut more than 40% of its workforce since the downturn began, estimates that only one in five laid-off workers will return, taking with them the expertise they developed during the years when companies mastered techniques such as drilling and fracking wells that extend thousands of feet horizontally underground.
    • Some shale drillers also are tempered by what occurred last spring, when producers jumped back into drilling new wells after oil prices briefly rose, inadvertently worsening a supply glut that ultimately made prices worse.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, XES, BGR, IYE, IEO, IEZ, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Tue, Mar. 15, 11:31 AM | 32 Comments
  • Tue, Mar. 15, 8:10 AM
    • The Obama administration reportedly will withdraw plans to allow oil and gas drilling off the Atlantic coast, reversing an initial plan to auction off drilling rights in as many as 104M coastal acres from Virginia to Georgia in 2021.
    • An Interior Department announcement could come as soon as today, according to the NY Times.
    • In January 2015, Obama's original draft plan drew the wrath of environmentalists and many coastal communities but praise from the oil industry and many state lawmakers who saw new drilling as creating jobs and bolstering state revenue.
    • The U.S. estimates there are 3.3B barrels of recoverable oil on the Atlantic’s outer continental shelf and 31.3T cf of natural gas.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Tue, Mar. 15, 8:10 AM | 8 Comments
  • Fri, Mar. 11, 3:28 PM
    • This just in: The XLE is in the green for the year, with today's 2.75% advance putting the ETF higher by 3.5% for 2016. Today's move comes as oil gains 2.3% (and 7% for the week) to its highest level since early December.
    • The S&P 500 is creeping closer to green this year as well, with today's 1.55% advance putting that index lower by just 1.2% YTD.
    • Also on the move this session are the financials (XLF +2.6%) as the rising interest rate trade is back on. The 10-year Treasury yield is up another five basis points to 1.98%. It hasn't been above 2% since January.
    | Fri, Mar. 11, 3:28 PM | 2 Comments
  • Thu, Mar. 10, 7:57 AM
    • The U.S. and Canada reach agreement to cut methane emissions from the oil and gas sector by 40%-45% below 2012 levels by 2025, a move likely to face pushback from an industry battered by lower oil prices and to be cheered by environmentalists.
    • Pres. Obama and PM Trudeau plan to release details of the agreement later today as the two leaders meet in Washington.
    • The EPA expects to release in April draft requirements for companies to provide information about emissions, and already is working on rules cutting methane emissions from oil and gas wells not yet drilled.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, FCG, DIG, GASL, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, RYE, NDP, FXN, DDG
    | Thu, Mar. 10, 7:57 AM | 2 Comments
  • Fri, Mar. 4, 10:04 AM
    • In a victory for the Obama administration, the Supreme Court yesterday denied a request by states seeking to block an EPA regulation cutting mercury pollution from coal-fired power plants.
    • Chief Justice Roberts denied the states’ request without comment and without referring it to the other justices, apparently believing the request did not merit further action.
    • The decision comes three weeks after the full Supreme Court blocked Obama's Clean Power Plan for limiting greenhouse gas pollution from coal plants, which opponents read as a sign the court was willing to halt other regulations while they undergo changes and review.
    • But legal experts say Roberts' decision yesterday signaled opponents may not be successful in further attempts to halt environmental rules while they are still subject to legal challenges.
    • 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
    | Fri, Mar. 4, 10:04 AM | 17 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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