The energy sector, the seventh-largest sector weight in the S&P 500, is the worst performing group in the benchmark U.S. equity index this year, and some corners of the energy patch have been much worse than others.
For example, refining stocks have benefitted from slumping oil prices, which help boost refiners' margins. Integrated oil names have not been stellar, but they have easily outperformed oil services equities. Exploration and production have been among the most repudiated energy equities. The 36.5 percent tumble by the SPDR S&P Oil & Gas Explore & Prod. (ETF) (NYSE: XOP) confirms as much.
XOP And Oil Futures
XOP, a $1.68 billion equal-weight ETF, historically displays a somewhat tight correlation to oil futures, and that clearly has not been a positive trait in 2015. As the United States Oil Fund LP (ETF) (NYSE: p>
/www.benzinga.com/trading-ideas/long-ideas/15/12/6078552/someone-is-betting-on-these-wild-energy-etfs alt=Someone Is Betting On These Wild Energy ETFs>Full story available on Benzinga.com
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