Seeking Alpha

Energy Select Sector SPDR ETF (XLE)

  • Oct. 13, 2012, 7:45 AM
    Shell's application for permission to export oil from the U.S. is the latest sign that old dogmas of the energy debate are under threat from reality. The foundational truth of four decades of U.S. energy policy - that America can’t supply itself with oil and natural gas, and certainly can't export them - is suddenly looking to be not so true. "What if all this works": 2022 U.S. production of ~12M bbl/day.
  • Oct. 12, 2012, 2:29 PM
    The natural gas rig count declined again last week, falling by 15 to 422 vs. 936 a year ago. The number of working gas rigs is the lowest since June 1999, but this may not mean a supply crunch is coming as oil rig activity - which yields plenty of natural gas - remains strong. Still, it's hard not to notice the correlation between collapsing gas rig counts and natural gas prices up about 90% in 6 months.
  • Oct. 10, 2012, 7:17 AM
    Iraq predicts oil production of 9-10M barrels/day by 2020, far higher than yesterday's bullish IEA prediction of 6.1M. The country's deputy PM for Energy says Iraq has underway a plan to address the infrastructure bottlenecks raised by the IEA.
  • Oct. 9, 2012, 2:42 PM
    Iraq is expected to contribute almost half of increased world oil production between now and 2035, says the IEA. and the country would leap over Iran and Venezuela to sit behind Saudi Arabia as the second most influential member of OPEC. Of late though, the country has been missing production targets thanks to insecurity and a lack of infrastructure. That's where U.S. oil service firms come in.
  • Oct. 6, 2012, 9:00 AM
    The financial (XLF) and healthcare (XLV) sectors were the big winners this week, both adding to their gains relative to the S&P YTD. Another YTD outperformer, tech (XLK) combined with energy (XLE) to be the weakest sectors this week as both Apple (post-iPhone 5) and oil (post-QE∞) can't shake their hangovers. The defensive utility area (XLU) - which had a big (and worrying to some) run from mid-Spring to mid-Summer - continues to lose ground to the broader market.
  • Sep. 27, 2012, 3:31 PM
    The cure for low prices is low prices. Left for dead a few months back, natural gas soars today to its highest price this year as the multi-year collapse in working rig counts looks to finally be taking effect. UNG +3%. The double-levered oil & gas ETF (DIG), +30.1% in Q3.
  • Sep. 11, 2012, 8:04 AM
    The slowdown in growth is evident in this Barclays chart looking at the sales deceleration in economically sensitive sectors. (via)
  • Sep. 7, 2012, 10:13 AM
    Some forecasts peg North American energy independence at just a few years off, but other experts aren't so sure. "Unless something seriously changes in the next five years, we'll be standing in gas lines," ex-Shell exec John Hofmeister says. Forecasts understate the decline rate of shale fields, he says; firms will need to drill wells at a rate "beyond the capacity of the industry as currently defined."
  • Sep. 3, 2012, 2:34 AM
    Oil and gas producers in the Gulf of Mexico, as well as refineries on the mainland, are ramping up their operations after shutting down because of Hurricane Isaac. Almost 30% of oil production was back on line by the early hours of today, up from 6% on Saturday, and 44% of gas output, up from 35%. As of yesterday, only two refineries remained closed.
    | 1 Comment
  • Aug. 29, 2012, 8:39 AM
    Crude oil prices are down as Hurricane Isaac's wrath appears to leave Gulf Coast oil production facilities without significant damage. Even as a levee on the outskirts of New Orleans is breached, threatening major flooding, for the energy industry it's back to worrying about mundane matters like the global economy and Fed policy. WTI crude -0.6% to $95.73, Brent crude -0.2% to $112.35.
  • Aug. 28, 2012, 2:59 PM
    Hurricane Isaac and the Venezuelan refinery explosion increase the chances of a release from the U.S. strategic oil reserves, analysts say, possibly by early next week. Without a release, gasoline prices may approach $4/gallon and open up Pres. Obama to criticism from consumers, but the reserve "was never intended as a buffer against high gasoline prices,” a former Shell exec says.
  • Aug. 28, 2012, 2:18 PM
    So is the Venezuelan oil fire out or not? Venezuela’s energy minister insists the inferno that has halted operations at its largest refinery is “totally extinguished," but a recent live broadcast by Venezuelan TV - which was swiftly cut off - showed flames and black smoke in at least one of the fuel storage tanks. Valero (VLO +1%) is the leading gainer among refiners; also XOM +0.3%, CVX +0.5%.
  • Aug. 28, 2012, 8:49 AM
    As Isaac - nearly a hurricane, but still a tropical storm - advances toward the Gulf Coast, an estimated 78%, or 1.07M bbl/day of the Gulf's current daily oil production has been shut-in, and ~48%, or 2,166MMcf/day of the current daily natural gas production has been shut-in.
    | 1 Comment
  • Aug. 28, 2012, 8:17 AM
    Firefighters have extinguished two of three storage-tank fires at Venezuela's largest oil refinery, the country's state-run oil company says. The Amuay refinery has a capacity to process 640K bbl/day of crude but had been working well below that rate for some time. WTI crude +1% to $96.48.
    | 1 Comment
  • Aug. 27, 2012, 2:39 PM
    Despite assurances from Venezuela's energy minister that the fire at the country's biggest refinery will be extinguished in the “next few hours,” doubts grow that the facility can be restarted soon following Saturday's explosion. Ahead of Oct. 7 elections, critics say the tragedy is an example of problems at the state-run oil company and emblematic of government incompetence.
    | Comment!
  • Aug. 27, 2012, 12:39 PM
    Refiners post strong gains as Gulf Coast refineries shut down with Isaac's approach: Marathon (MPC +1.7%) and Phillips 66 (PSX +0.2%) shut two Louisiana refineries with a combined capacity of 711K bbl/day, while Valero (VLO +5.5%) shuts two with a combined 405K bbl/day capacity;  Another factor pushing up prices is an explosion that shut operations at Venezuela's Amuay refinery.
Visit Seeking Alpha's
XLE vs. ETF Alternatives
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
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub