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Energy Select Sector SPDR ETF (XLE)

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  • Aug. 3, 2012, 10:14 AM
    "(We) want to look back in 10 years and say we increased the dividend every year," said Phillips 66 (PSX) CEO Greg Garland on his earnings call. Refiners with steadily increasing divvies? Has the era of cheap domestic oil and gas production pushed U.S. refining - as cyclical as it gets - into a secular move higher?
    | 1 Comment
  • Jul. 23, 2012, 9:47 AM
    It's not easy to stand out, with stocks overall down 1.7%, but energy names (XLE -2.7%) are suffering early: SandRidge Energy (SD -3.8%) Hess (HES -4.2%), Denbury Resources (DNR -5.5%), Cabot Oil & Gas (COG -5.2%), Carrizo Oil & Gas (CRZO -4.7%), Stone Energy (SGY -4%) all among individual losers so far.
    | 2 Comments
  • Jul. 12, 2012, 10:55 AM
    Natural gas plunges following the small add in inventories last week despite cooling degree days being 50% higher than normal. UNG -3.3%. Producers: APA -2.7%, CHK -3.7%, APC -2.8%.
    | 15 Comments
  • Jul. 9, 2012, 9:59 AM
    A favorable weekend writeup in Barron's does little to prop up shares of Anadarko Petroleum (APC -0.6%), as most energy stocks (XLE -0.9%) tumble in early trading. An out-of-favor stock in an out-of-favor sector, APC gets little credit for its exploration skills, and an acquirer might recognize the company's value even if investors don't, Andrew Bary writes.
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  • Jul. 9, 2012, 8:36 AM
    ETF flows last week show a chunky amount going into Oil Services, the OIH adding nearly 6% in AUM, a significant jump for a fund with over $1B in assets. Among the losers was a eurozone stock fund, EZU, losing almost 10% in AUM. Medium-to-long duration Treasury bond funds saw significant outlfows as well, TLT losing 2.5% and UST 47%.
    | 1 Comment
  • Jun. 27, 2012, 6:04 AM
    The growth of new sources of oil, helped by the widening use of fracking, is expected to enable the U.S. to halve its reliance on Middle East oil by 2020 and possibly eliminate it completely by 2035. By the end of the decade, 50% of oil will be produced domestically and 82% on this side of the Atlantic.
    | 7 Comments
  • Jun. 26, 2012, 9:53 AM
    "Has peak oil peaked," asks Liam Denning in the sort of article you see after crude has declined 25% in less than 2 months. Oil producers (and consumers) over the coming years are set to harvest the benefits of a decade of investment spurred by years of high prices, argues former oil exec Leonard Maugeri.
    | 14 Comments
  • Jun. 14, 2012, 9:56 AM
    Gasoline refinery profits could fall to zero later this year amid ample refining capacity and declining consumption in North America and Europe, BofA ML says: "The refining complex will need to see the shutdown of at least another 2M bbl/day of refining capacity before refinery utilization rates nudge back up" toward 2004-08 levels.
    | 2 Comments
  • Jun. 7, 2012, 5:15 PM
    Private equity investments in energy offer high potential returns for investors willing to take a long-term view and capitalize on global trends, despite recent volatility, Blackstone energy chief David Foley says. Rapidly growing economies are increasingly driving energy demand; combined with long-term population growth, the trends are well aligned with PE's long-term investment horizon.
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  • Jun. 6, 2012, 1:33 PM
    More on Halliburton (HAL -0.3%): Lowers its forecast for North America margins in its operational update, citing higher costs for guar gum as a result of its expansion of oil and liquids-related activity in North America. Guar gum is an agricultural commodity used as a blending additive to its fluids utilized in hydraulic fracturing. Margins are expected to be impacted by an additional 300 basis points more than previous guidance of 200-250 basis points.
    | 6 Comments
  • Jun. 4, 2012, 11:14 AM
    Investors took advantage of the recent horrid tape in the energy sector to pour money into its SPDR (XLE) last week, the fund taking in more than a $1B - nearly 16% of AUM. The top 3 holdings - Exxon (XOM), Chevron (CVX), and Schlumberger (SLB) - account for 40% of the fund.
    | 2 Comments
  • May. 30, 2012, 12:30 PM
    The energy sector (XLE -3%) is suffering the day's biggest losses, weighed by tumbling crude oil futures which fell to seven-month lows as the dollar surges vs. the euro. Among the biggest decliners: KWK -8.3%, DNR -7%. Drilling equipment makers: RDC -6.8%, NE -5.2%, NBR -4.7%. Dow components: CVX -2.5%, XOM -2.2%.
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  • May. 29, 2012, 3:12 PM
    Equity markets are discounting oil prices as low as $70/bbl, which has sent share prices of some E&P companies well below the net asset value of their oil reserves. But Will Riley says this "valuation gap" has created opportunities for investors; the consensus is that oil prices will trend higher in the long run, and there are lots of "good stories" in east Africa's exploration potential.
    | 1 Comment
  • May. 22, 2012, 12:22 PM
    Despite some individual names being taken out and shot, the consumer discretionary sector (XLY) continues a near year-long trend of outperforming the S&P, notes Bespoke. The weakest sectors - energy (XLE), industrials (XLI), materials (XLB) - suggest maybe slowing in China is driving macro more than events in Europe.
    | 1 Comment
  • May. 14, 2012, 5:38 PM
    Analysts and investors applaud Concho Resources' (CXO +3.2%) $1B buyout of Three Rivers' oil and natural gas assets, sending shares higher when most energy stocks (XLE -1.6%) slumped. The “price looks good any way you slice it,” Tudor Pickering Holt says; it's "a good bolt-on transaction... which will further enhance their position in the Permian," Simmons & Co. says.
    | 1 Comment
  • May. 9, 2012, 10:13 AM
    Crude oil looks headed for a sixth straight losing session, as WTI -1.3% to $95.64/bbl and following other commodities lower. “A further flow of negative sentiment towards Europe, and specifically Spain, is seeing general markets turning lower once again as a flight... from risk is underway,” a Summit Energy analyst writes. Energy stocks (XLE -1.8%) again take a licking.
    | 1 Comment
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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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