PowerShares Dynamic Oil & Gas Serv (ETF) (AMEX:PXJ)
Closed-End Fund
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Recs
IndianaGirl72
(20.22)
Submitted: 4/19/2011 4:27:30 PM :
Start Price:
$25.89
PXJ Score:
-17.83
With oil prices predicted to continue to rise, continued unrest in the middle east, and another hot summer approaching, oil and gas prices will rise even higher.
Recs
Arizen
(< 20)
Submitted: 2/17/2011 10:45:46 PM :
Start Price:
$25.09
PXJ Score:
-14.02
2011/12 a plus for PowerShares Dynamic Oil and Gas Services.......
Recs
GreenMycon
(< 20)
Submitted: 6/29/2008 12:04:49 AM :
Start Price:
$33.15
PXJ Score:
-43.51
I'm widely against investing in Oil and Gas companies that only focus on E&P. I think while that sort of thing will be essential for quite some time to come, the companies aren't going to have the 3-4 decade viability that I'm looking for in my portfolio. Companies focusing a lot on services will be in a good position to profit off of E&P demands, but they will also have the know how and technology necessary to develop additional infrastructure to the currently changing energy mix. PXJ has a good distribution of companies and I think it will be a solid investment, definitely beating the S&P even if a correction occurs.
Recs
Cuchulainn1
(< 20)
Submitted: 5/23/2008 9:41:33 AM :
Start Price:
$31.88
PXJ Score:
-32.63
This year the world is going to produce 85 billion barrels of oil and we are going to consume 86.2 billion barrels.
Every year supply drops by 6 million barrels due to wells going dry, so to increase supply we have to grow by more than 6 million barrels, and the easy oil finds are disappearing. Oil is going nowhere but up over the long term.
This has nothing to do with the weakness of the dollar. It is entirely a supply and demand issue.
Recs
matstao
(99.54)
Submitted: 4/16/2008 10:53:32 PM :
Start Price:
$25.87
PXJ Score:
-22.09
Easy money if oil doesn't crash.
Recs
Recs
alienone
(< 20)
Submitted: 7/9/2007 9:01:22 PM :
Start Price:
$26.42
PXJ Score:
-11.17
Oil and Gas no brainer
Recs
YoJeffro
(58.63)
Submitted: 6/26/2007 2:25:45 AM :
Start Price:
$25.55
PXJ Score:
-9.66
ETF Should Outperform the market
Recs
sragin
(56.54)
Submitted: 4/13/2007 12:16:48 AM :
Start Price:
$21.95
PXJ Score:
+0.44
My industry. No end to work in sight.
Recs
Dramaticmojo
(< 20)
Submitted: 3/26/2007 10:43:26 AM :
Start Price:
$20.70
PXJ Score:
+4.71
This looks to me like a great buy for those wanting to get into a relatively new ETF with 80% holdings in oil-and-gas-services stocks.
Recs
NetscribeETF
(59.40)
Submitted: 3/13/2007 8:09:33 AM :
Start Price:
$19.72
PXJ Score:
+7.89
With geo political tensions increasing day by day the outlook for the oil and gas sector seems positive. Strong global demand would be represented in the form of high prices and volatility in the year 2007. Moreover expectations of OPEC to have planned cuts in production make a strong case for the prices to rise.
PowerShares Dynamic Oil and Gas Services Portfolio invest in an equity that focuses mainly on the narrow oil and gas sector. The funds represents stocks that possess the greatest appreciation potential and selection is base on fundamental growth, stock valuation, risk metrics and investment merit criteria. With net assets of approximately $237 million it trades a price to earning multiple around 13. The cost associated with maintaining the index does not seem impressive at 0.60%. The performance of the fund since inception has been good at 17.92%.
The fund is highly concentrated with the top five holding accounting for approximately one fourth of the total corpus bringing in more sector specific risk. A deep look into the individual prospects of the top companies would give a better picture while Schlumberger remains a bright star owing to its research and development in the advanced oilfield technologies enhancing its productivity and efficiency. National Oilwell Varco with the highest weight in the fund is entering the year 2007 with a record backlog worth more than $5 billion.
Higher field depletion rates and rising capital spending would favor the oil drilling companies like BJ Services and Global SantaFe. Search for low cost efficient drilling opportunities continues as day rates for U.S. deepwater and mid water semi-submersible drilling have increased with more than 100 oilrig orders in the pipeline. Construction and engineering companies Foster Wheeler and McDermott International account for 5.2% of the funds capitalization. These industrial sector companies stand to benefit from the energy related infrastructure projects in the Middle East and Asia regions, thereby increasing the chances of beating the market.
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