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Energy Select Sector SPDR ETF (XLE)

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  • 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.
    | 5 Comments
  • Aug. 27, 2012, 9:07 AM
    Before the weekend, the theme was that Isaac's impact on oil and gas markets would prove minimal - but not now. Tracking models continue to place the storm further west, and the more time it spends over warm Gulf waters, the greater the chance it grows into a major hurricane. Expected production outages and disruptions to oil imports are likely to lead to a further decrease in U.S. inventory levels. (also)
    | 1 Comment
  • Aug. 27, 2012, 8:19 AM
    Gulf of Mexico producers have shut-in ~25% of daily oil production and ~8% of natural gas production due to tropical storm Isaac; that's ~333,815 bbl/day of oil and 371MMcf of natural gas. The Gulf accounts for 23% of U.S. crude production and 7% of nat gas, and more than 40% of U.S. refining capacity is contained in facilities located along the Gulf Coast. WTI crude +1.1% to $97.22.
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  • Aug. 24, 2012, 2:32 PM
    Add Apache (APA) and Shell (RDS.A) to the growing list of energy producers pulling staff out of the Gulf of Mexico ahead of Tropical Storm Isaac. But the impact on energy markets is expected to be less disruptive than storms in past years: Due to the boom in shale gas production onshore, Gulf gas production is just 6% of the total produced in the continental U.S., down from 17% when Katrina struck in 2005.
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  • Aug. 20, 2012, 4:24 PM
    While 80% of S&P 500 stocks are above their 50-day moving average, all of the defensive sectors - Telecom, Consumer staples, Health care, Utilities - have readings below that. The most defensive of them all - Utilities - shows just 39% of the sector above the 50-day, a sharp change from just 2 weeks ago, when 90% were above. "The dynamic has clearly changed," writes Bespoke, with cyclical sectors now leading the charge.
    | 7 Comments
  • Aug. 17, 2012, 8:59 AM
    Another graphic look (via ukarlewitz) at the recent rally which is notable for its rotation into roughed up sectors like Energy, Materials, Industrials, and Discretionary, and out of popular defensive plays like Utilities, Health Care, and Staples. Have the hedge funds been caught wrong-footed again?
    | 2 Comments
  • Aug. 14, 2012, 8:55 AM
    More on the BAML fund manager survey: Overowned assets include defensive sectors like REITs, Consumer Staples, Pharma, and Bonds. Underowned: Materials, Banks, Japan, Eurozone, Energy, and Equities in general.
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  • Aug. 14, 2012, 8:11 AM
    A nice summary (via tradefast) of Q2 13F filings shows hedge funds riding the defensive play trend, adding to holdings in Consumer Staples, Health Care, Telecom, and Utilities, while cutting exposure to Tech, Energy, Financials, and Materials.
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  • Aug. 7, 2012, 11:28 AM
    A graphic look at the rotation into neglected sectors - Energy (XLE), Discretionary (XLY), Cyclical (FCL), and Retail (XRT) are all moving higher the past few sessions, while the popular mREITs (represented by NLY), Utilities (XLU), Pharmaceuticals (IHE), and Staples (XLP) all sell off.
    | 4 Comments
  • 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
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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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