|Bid||4.12 x 900|
|Ask||19.13 x 1000|
|Day's Range||9.64 - 9.83|
|52 Week Range||9.53 - 16.52|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-9.24%|
|Beta (3Y Monthly)||1.64|
|Expense Ratio (net)||0.54%|
Saudi brought in a royal family member in the energy sector's top position, probably to boost oil prices and facilitate Aramco's IPO. These ETFs can benefit if things go as planned.
Equity-based energy sector ETFs have recently struggled, but funds with more focused objectives can offer investors several different paths to gain exposure to a recovery. Investors expecting oil or gas prices to rally might want to consider adding exposure to upstream companies involved in exploration and production, as offered by VanEck Vectors Unconventional Oil & Gas ETF (FRAK) , whereas those who believe crude oil prices may fall or that demand for refined products will rise might consider exposure to downstream refiners and marketing companies, such as VanEck Vectors Oil Refiners ETF (CRAK) . There are benefits to that scenario, but it also exposes the domestic energy patch to trade volatility, such as the tensions seen between the U.S. and China earlier this year.
Occidental Petroleum Corp. (NYSE: OXY) upped the ante on Anadarko Petroleum Corp. (NYSE: APC), triggering a potential bidding war for a key shale driller in the Permian Basin after the Chevron Corp. (NYSE: ...
Earlier this month, Chevron (NYSE: CVX) announced a $33 billion cash and stock deal to acquire Anadarko Petroleum (NYSE: APC). Including debt, the deal is valued at closer to $58 billion, marking the energy ...
Oil and gas exploration and production sector-specific exchange traded funds led the charge on Friday after Chevron (CVX) announced a $33 billion cash and stock deal to acquire Anadarko Petroleum (APC). Among the best performing non-leveraged ETFs of Friday, the VanEck Vectors Unconventional Oil & Gas ETF (FRAK) jumped 6.4% and iShares U.S. Oil & Gas Exploration & Production ETF (Cboe: IEO) advanced 4.4%. The energy sector rallied after Chevron announced a deal to buy Anadarko, with Anadarko shares surging 31.9% late Friday.