Energy Select Sector SPDR ETF (XLE) - NYSEARCA
  • Mon, Jan. 4, 2:20 PM
    • The new year will mean more tough times for oilfield services companies, as E&P companies cut their spending in the oil patch deeper than once expected, Raymond James analysts write.
    • The U.S. rig count will fall by another 150 rigs over the next six months, which could cause the count to fall to 550 before shale plays begin to see an uptick in activity again, a dramatic decline that implies “a much uglier fundamental year than current consensus estimates,” according to Raymond James, which expects annual oilfield spending to fall 42% amid “skinny E&P cash flows and a non-existent debt market."
    • Any additional declines in activity and rig count, even if short-lived, spells more trouble for services companies, with more well-known names with “dominant market share and clean balance sheets” best positioned to ride out the prolonged slump, the report says.
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, XES, IYE, IEO, IEZ, FENY, PXE, PXJ, FIF, NDP, RYE, FXN, DDG
    | Mon, Jan. 4, 2:20 PM
  • Dec. 30, 2015, 12:46 PM
    • Hit hard two days ago as oil fell below $37/barrel, oil/gas industry names are seeing more pain today after the EIA reported U.S. crude inventories rose by 2.6M barrels last week - expectations were for a decline. The report comes shortly after the API estimated U.S. crude inventories rose by 2.9M barrels during the most recent weekly period.
    • After rising yesterday, WTI crude is down 3.1% to $36.71/barrel. Brent crude is down 2.9% to $36.69/barrel. Nymex natural gas is down 7.3% to $2.20/MMBtu.
    • The biggest decliners include Chesapeake Energy (CHK -4.1%), Petrobras (PBR -4.1%), Linn Energy (LINE -7.5%), Gulfport Energy (GPOR -5.2%), SeaDrill (SDRL -5.5%), MV Oil Trust (MVO -4.5%), EV Energy Partners (EVEP -6.7%), and Southwestern Energy (SWN -5.7%).
    • Other notable decliners include Hercules Offshore (HERO -5.2%), Marathon Oil (MRO -4%), Devon Energy (DVN -4.4%), Encana (ECA -4.1%), Range Resources (RRC -4.7%), Sandridge Mississippian Trust (SDR -4%), Newfield Exploration (NFX -3.8%), BP Prudhoe Bay Royalty Trust (BPT -3.1%), Enerplus (ERF -3.9%), and ONEOK Partners (OKS -2.5%).
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG, DRIP, GUSH
    | Dec. 30, 2015, 12:46 PM | 68 Comments
  • Dec. 28, 2015, 11:45 AM
    • WTI crude is down 3.2% to $36.90/barrel, and Brent crude down 2.5% to $36.95/barrel, leaving prices close to 11-year lows. Energy industry firms are among the biggest decliners on a day the S&P is down 0.6%.
    • Fears about excess supply appear to be weighing once more. OPEC figures point to a global oil supply glut of more than 2M barrels (over 2% of global demand); a smaller glut is expected next year. Meanwhile, Japanese government data indicates the country's oil product sales fell to a 46-year low in November, and European data suggests the continent's oil product demand growth turned negative in October.
    • The biggest casualties include Whiting Petroleum (WLL -9.9%), Oasis Petroleum (OAS -8.2%), Vanguard Natural Resources (VNR -12.5%), Denbury Resources (DNR -8%), SandRidge Energy (SD -8.1%), SandRidge Permian Trust (PER -10.9%), SandRidge Mississippian Trust (SDT -7.5%), U.S. Silica (SLCA -6.2%), Marathon Oil (MRO -6.7%), C&J Energy Services (CJES -8.1%), MV Oil Trust (MVO -9.2%), Bonanza Creek (BCEI -6.4%), Parker Drilling (PKD -7.9%), and Continental Resources (CLR -5.9%).
    • Other notable decliners include Kinder Morgan (KMI -5%), Williams Partners (WPZ -4.4%), EOG Resources (EOG -3.4%), Cheniere Energy (CQP -3.6%), SeaDrill (SDRL -3.5%), Encana (ECA -2.8%), Devon Energy (DVN -2.7%), Ensco (ESV -3.8%), Hercules Offshore (HERO -4.7%), Atwood Oceanics (ATW -4.9%), Helmerich & Payne (HP -3.8%), and Pioneer Natural (PXD -2.6%).
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG, DRIP, GUSH
    | Dec. 28, 2015, 11:45 AM | 109 Comments
  • Dec. 23, 2015, 11:06 AM
    • Already nicely in the green on the session, WTI crude is now up 4.3% to $37.67 per barrel after the EIA reported a big decline in oil inventories last week.
    • Leading a 0.9% gain in the S&P 500 is the energy sector (XLE +3%).
    • Technicians may take note that the XLE wasn't able to take out the lows seen in late August and late September despite the price of crude oil falling way below its roughly $40 per barrel support in late fall. Still, the ETF is lower by about 24% YTD.
    • ETFs: XLE, VDE, ERX, OIH, ERY, DIG, DUG, BGR, IYE, FENY, FIF, PXJ, RYE, FXN, DDG
    | Dec. 23, 2015, 11:06 AM | 10 Comments
  • Dec. 18, 2015, 5:25 PM
    • Energy Select Sector SPDR ETF (NYSEARCA:XLE) announces quarterly distribution of $0.5422.
    • 30-Day Sec yield of 3.38% (as of 12/17/2015).
    • Payable Dec. 29; for shareholders of record Dec. 22; ex-div Dec. 18.
    | Dec. 18, 2015, 5:25 PM | 5 Comments
  • Dec. 18, 2015, 7:44 AM
    • "You can be pretty much sure we’re short all of the major leveraged oil companies," Jim Chanos tells CNBC. The stocks, he says, have held up better than oil thanks to the companies' commitment to paying dividends, "but in effect, they're borrowing to pay their dividend."
    • It's no secret Chanos has been short Cheniere Energy (NYSEMKT:LNG), and it sounds like he remains so.
    • As for the price of oil, he's got no price target, but he's a bear. If he were OPEC, he says, he'd be pumping out as much oil as possible today because it might be worth even less in 15 years.
    • Famously short SolarCity (NASDAQ:SCTY), he's not fazed by this week's big tax-break related gains, and wishes he could borrow more shares. "We're not bearish on solar. We’re bearish on the guys who are knocking on doors, trying to put solar panels on your house."
    • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, PXJ, FIF, PSCE, NDP, RYE, FXN, DDG, GUSH, DRIP
    • XLE -1.6%, SCTY -3% premarket
    | Dec. 18, 2015, 7:44 AM | 36 Comments
  • Dec. 17, 2015, 6:15 PM
    • Crude oil prices tumbled below $35/bbl again today, weighed by data showing an unexpected climb in U.S. crude supplies and strength in the dollar following the Fed’s decision to raise rates, but Goldman Sachs warns that prices have not fallen far enough to force the oil production cuts needed to balance the market.
    • The U.S. rig count and domestic oil company spending plans are still too high to ease the global oil glut and lift prices by the end of next year, and storage continues to fill with the odds of hitting storage constraints by the spring rising, meaning crude prices may have to plunge to $20/bbl to force needed production cuts, Goldman says.
    • The larger crude producers have forecast stable output - not declines - for next year, and most of them do not need to worry about banks reducing their credit lines, creating the risk that "if investor capital is available to accommodate producers’ funding needs, the slowdown in U.S. production will take place too late or not at all," according to Goldman.
    • ETFs: USO, OIL, XLE, UCO, UWTI, VDE, ERX, OIH, SCO, XOP, BNO, DBO, DWTI, ERY, DIG, DTO, DUG, BGR, USL, IYE, IEO, DNO, FENY, PXE, PXJ, FIF, OLO, SZO, NDP, RYE, FXN, OLEM, DDG
    | Dec. 17, 2015, 6:15 PM | 103 Comments
  • Dec. 17, 2015, 11:59 AM
    • The S&P 500 (SPY -0.9%) has given up early gains alongside oil's (USO -2.1%) decline back under $35 per barrel. For now, junk bonds are going to be tied to the oil chart and HYG and JNK are each down 0.6% after opening higher.
    • Naturally leading the S&P 500 lower are the energy names (XLE -1.8%).
    | Dec. 17, 2015, 11:59 AM | 20 Comments
  • Dec. 15, 2015, 12:40 PM
    • The S&P 500 (SPY +1.5%) is at its session high alongside oil (NYSEARCA:USO), which is up 3.3% on the session and nearly 10% since falling to almost $34 per barrel roughly 24 hours ago.
    • Energy (XLE +2.7%) is the best-performing sector in the S&P 500, but financials (XLF +2.5%) aren't far behind, with energy-exposed names like Comerica (CMA +5.2%), ZIons Bancorp (ZION +3.8%), and Prosperity Bancshares (PB +2.7%) among the regional bank movers.
    • The surge has also given a big lift to junk bond prices even as the 10-year Treasury yield jumps five basis points to 2.27%. TLT -0.7%, TBT +1.4%.
    | Dec. 15, 2015, 12:40 PM | 29 Comments
  • Dec. 14, 2015, 12:32 PM
    • As low as $34.50 earlier in the session, crude oil (USO +1.5%) has rebounded back to $36.31 per barrel, bringing the energy sector (XLE +0.4%) and broader stock market (SPY +0.1%) along with it.
    • The major junk bond ETFs have about halved earlier 2% losses.
    • Money is pouring out of Treasurys, with the 10-year yield climbing all the way to 2.22% from 2.12%. TLT -1.45%, TBT +2.9%
    | Dec. 14, 2015, 12:32 PM | 24 Comments
  • 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. 11, 2015, 10:09 AM
    • Investors continue to bail out of mining and energy ahead of the Fed's ending next week of six years of Zero Interest Rate Policy. While there's barely a hint of green on the screen in this morning's selloff, the Energy (XLE -2.8%) and Materials (XLB -2.3%) sectors are leading the charge lower.
    • Oil has hit a new milestone in its bear market, taking out $36 per barrel. It's since bounced a hair and is now off 2% to $36 even. Black gold is on track to shed about 10% this week - its worst week of 2015, which is saying a lot.
    | Dec. 11, 2015, 10:09 AM | 16 Comments
  • Dec. 10, 2015, 5:02 PM
    | Dec. 10, 2015, 5:02 PM | 101 Comments
  • Dec. 8, 2015, 8:07 AM
    • After managing to hang in the green overnight and early this morning, oil has quickly turned sharply south, now down 1.3% at a fresh bear market low of $37.15 per barrel. USO -2.1% premarket.
    • The move in oil has dragged down energy shares, with the XLE off 1.7% premarket, and this in turn has pulled S&P 500 futures (NYSEARCA:SPY) lower by 0.95%.
    | Dec. 8, 2015, 8:07 AM | 18 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
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.
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Country: United States
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