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UBS AG London Branch ZC SP ETRACS REDEEM 04/01/2047 USD 25 - Leveraged Inverse
Over the past ten years, the energy sector provided investors the worst return of the primary sectors. It gained just 6%, compared to 335% by the technology sector. The S&P 500 returned 190% over the same period.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) closed near its all-time low January 22. It has been a money-loser, on balance, since its inception in 2006.Source: Seeking Alpha.
Investors stay invested in the major oil companies because of the dividends they pay out. Chevron’s (CVX) CEO Michael Wirth recently