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Energy Select Sector SPDR ETF (XLE)

  • 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.
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  • Jul. 5, 2011, 10:58 AM
    Williams Cos. (WMB -0.6%) may raise its bid for Southern Union (SUG +2.8%) after Energy Transfer Equity's (ETE +0.2%) latest $40/share offer, Tudor Pickering analysts say. The deal talk, plus a ~1.5% rise in crude oil prices and other news (I, II) send energy shares (XLE +0.9%) broadly higher. Not participating: XOM, -0.2% after its Yellowstone spill.
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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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Country: United States
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