i want to take a position in some oil companies and i am looking for an ETF
i want to invest in the integrated oils such as
BP XOM cop CVX and many others.
any ideas is there a ETF for this ????
PXE might be what you are looking for. Down about 39% for 1 year.
http://www.etfconnect.com/select/fundpages/etf_funds.asp?MFID=150686
IYE is another. This one also owns some oil service companies.Down about 30% for one year.
http://www.etfconnect.com/select/fundpages/etf_funds.asp?MFID=43643
XLE is another of similar type. Down about 32% for one year.
IXC is a global oil ETF Down about 32% for one year.
IPW is foreign oil companies ETF. Has not been around a year but is down 42% in the time that it has.
PXE might be what you are looking for. Down about 39% for 1 year.
http://www.etfconnect.com/select/fundpages/etf_funds.asp?MFID=150686
IYE is another. This one also owns some oil service companies.Down about 30% for one year.
http://www.etfconnect.com/select/fundpages/etf_funds.asp?MFID=43643
XLE is another of similar type. Down about 32% for one year.
IXC is a global oil ETF Down about 32% for one year.
IPW is foreign oil companies ETF. Has not been around a year but is down 42% in the time that it has.
References :
USO tracks with oil prices and DIG is a good ETF that includes some drillers.
Good timing to buy oil related ETF’s for the long term. While it doesn’t seem like oil could go much lower, the short-term will be a little dicey. I would look at selling slightly out of the money calls each month against any Oil ETF that you buy to give yourself a little bit of a hedge. Some of the call premiums are pretty good on the Oil ETF’s.
References :