Thu, Dec 25, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | ETFs / ETCs more

Why oil services and equipment ETFs are outperforming

Posted on 20 February 2013

Oil and gas services exchange traded funds have soared 30% or more the past three months and a recent bullish note from Goldman Sachs is helping to drive the rally. Companies are simply flush with cash, which is raising prospects for higher dividend payouts.
“Following four quarters of sequential declines in North American drilling activity and oil service profitability, January is marking a turnaround in activity,” Goldman’s equity analysts wrote in a report. “Revenues/margins for North American service companies either bottomed in fourth-quarter 2012 or are expected to bottom in first-quarter 2013, marking a major inflection for the group.”…………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38584 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031