On January 25–February 1, oilfield services stock Diamond Offshore Drilling (DO) fell the most among our set of selected energy stocks, which include the following ETFs:
- the Alerian MLP ETF (AMLP)
- the Energy Select Sector SPDR ETF (XLE)
- the VanEck Vectors Oil Services ETF (OIH)
- the VanEck Vectors Oil Refiners ETF (CRAK)
- the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
OIH was the underperformer among the major energy subsector ETFs under discussion in this series.
In addition to US energy companies, we’re also reviewing the following foreign-headquartered integrated energy companies listed in the United States:
- Imperial Oil (IMO)
- China Petroleum & Chemical (SNP)
- Total (TOT)
- YPF (YPF)
- Petrobras (PBR)
- BP (BP)
Other stocks fell
Other oilfield services stocks including Ensco (ESV) and Rowan Companies (RDC) saw the second and fifth-largest falls among energy stocks last week. Midstream stock Shell Midstream Partners (SHLX) and upstream stock Gulfport Energy (GPOR) fell the third and fourth most among our list of energy stocks last week. US crude oil March futures rose 2.9%, while the S&P 500 Index (SPY) rose 1.6% during this period. However, a fall of 11% in natural gas March futures might have dragged GPOR because it’s a natural gas–weighted stock.
Next, we’ll discuss oil-tracking ETFs.