19.05.2015 - The Complete Guide to Oil and Gas ETF Investing
Crude prices posted 46% annual loss in 2014; the biggest yearly fall since 2008. Such was the ferocity of the crash that last year's three worst-performing stocks in the S&P 500 index were all energy companies - Transocean Ltd. (RIG), Denbury Resources Inc. (DNR) and Noble Corp. plc (NE), which were down approximately 63%, 52% and 49%, respectively. The broad-based S&P 500 index gained 11.5% over the same period. Still in stormy waters, many analysts believe that the commodity will fall further before mounting a real recovery. From about $105 per barrel last July to around $60 now - sinking in between to a 6-year low of under $44 recently - the plummeting value of oil represents a decline of roughly 45% over ten months...............................................Full Article: Source
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