There is certainly more than one energy exchange traded fund that is worth owning right now. After, there are number of inverse energy ETFs that have surged as oil prices and equities have tumbled.
However, for the investor looking for plain, long energy equity exposure via an ETF that has a credible chance of performing well in the near-term, options have been limited until Wednesday's debut of the Market Vectors Oil Refiners ETF (NYSE: CRAK), the first dedicated refiners ETF.
Refiners benefit when oil prices slide due to lower crack spreads, perhaps the inspiration for CRAK's ticker, and the few ETFs with robust refiners exposure have been noticeably less bad this year than traditional equity-based energy sector counterparts.
However, because there has not been a dedicated refiners ETF prior to today, that ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5777744/the-one-energy-etf-that-makes-sense-right-now alt=The One Energy ETF That Makes Sense Right Now>Full story available on Benzinga.com
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