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Flirting With FRAK: An ETF For Believers In The Oil Rally

Benzinga.com
0 Comments| August 31, 2015

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There are some certainties pertaining to oil and energy equities this year. The obvious include oil stocks and the relevant exchange traded funds have been drubbed on a year-to-date basis, but surprising as it may be to oil bears, the United States Oil Fund (NYSE: USO), which tracks front month West Texas Intermediate Futures, may have entered a new bull market in just the past three trading days.

Time will tell whether oil's recent rally is the result of short covering or if fundamentals are legitimately shifting for the better. It is likely that situation sorts itself out sooner than later, but for traders looking to capture potential upside with previously moribund energy equities, exploration and production names are good spots to consider because that group has been savagely repudiated this year.

The Market Vectors Unconventional Oil & Gas ETF (NYSE: FRAK) is an ETF to consider for ...

/www.benzinga.com/trading-ideas/long-ideas/15/08/5803937/flirting-with-frak-an-etf-for-believers-in-the-oil-rally alt=Flirting With FRAK: An ETF For Believers In The Oil Rally>Full story available on Benzinga.com

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