SPDR S&P Oil & Gas Equipt & Servs. (ETF) (AMEX:XES)
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Increased demand for energy and petroleum products will occur before petroleum supplies increase, causing an increase in the prices of petroleum resources higher demand for oilfield equipment and services.
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natural gas, we have a lot of gas here in the us
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Peak oil theory says this is going up long term. The current bargain price is due to the economic crisis and the resultant short term drop in oil prices.
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Member of the "Mini-Cap Monsters."
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Continued global increase in crude oil demand
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ETF Screener
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Oil and Gas? enough said.
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If oil keeps going up, this is a good way to subsidize your monthly gas expenditures!!!
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Highest margins in the oil and gas sector are in the services as oil gets more expensive to extract. This is a strong performer in the services industry.
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Most of the new opportunities for oil production are to be found in difficult spots and under challenging conditions. Oil services companies will be in demand as drilling picks up.
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As oil skyrockets due to market uncertainty, supply/demand and falling dollar hearsay, every major oil company will try to squeeze all they can from Mother Earth and Average Joe Sixpack.
I hate the economy, but that doesn't mean I can't profit off of how retarded it is.
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Do you like oil stocks! Well this ETF holding has a great many us med cap oils that have gone crazy this year. another 20% PLUS for a long long time.
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As we see fuel and oil prices sky rocket, remember the companies that service that industry, and you'll be a winner.
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This is a SPDR recommended to me by your's truly MF caps as one of the Stock of the Day.
I had been researching oil gas and drilling companies for a while and decided to go for the SPDR instead.
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High Energy demand
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XES is a relatively young ETF that tracks the oil and gas services sector.
Trading at NAV, however the companies that make up the ETF's portfolio are largely under-valued and beaten down. As prices for these companies recover, so too with this ETF.
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