XOP News and Press, SPDR S&P Oil & Gas Explor & Product From 09/17/22

Summary Officials at the world's major central banks, led by the US Fed, grew increasingly united in their resolve to bring inflation under control. The August about-face pulled the Europe ex UK and both US Russell indexes back down to the bottom of the performance ranks for the y...

Summary Recent U.S. legislation alters the trajectory of GHG emissions and expands the opportunity set for midstream issuers. The bill enhances and expands the incentives for a diverse array of investments, enabling decarbonization across the U.S. economy. The strength of IRA ...

Summary With inflation at the highest level in decades and volatility continuing to surge, equity investors are questioning their next moves. At the beginning of the year, financial conditions were very loose by any means historically, and we've very rapidly moved from loose finan...

Summary The cost of developing upstream oil and gas assets, as tracked by the IHS Markit Upstream Capital Costs Index (UCCI), increased by over 7% in the first half of 2022. The rising in costs was driven by several factors: the conflict between Russia and Ukraine (leading to risi...

Summary This article demonstrates how to quickly identify what’s working and what is not from the view of an ETF lens. Over the last year, it is abundantly clear from the Seeking Alpha ETF screener that macroeconomic factors have been unfavorable for Treasury Inflation-Prot...

Summary We break down the August inflation data that came in hotter than expected. The setup is for continued volatility in equities with the Fed likely to maintain its hawkish messaging. We like the setup in energy and see value in oil stocks with a return of the inflation tr...

Summary Energy stocks are poised to report strong earnings for the second half of 2022, while the S&P 500 is forecasted to post earnings declines. The green revolution will continue, but with barely 3% of U.S. electricity production originating from solar and wind sources, fos...

Summary Variant perspectives can offer disproportionate upside in oil and gas equities. Tamarack "paid up" to be the largest Clearwater producer. Journey paid less on almost all metrics and may continue to outperform over time. Oil and gas producer equities are in th...

Summary Global inflation was generally moderating when the pandemic began, and the downward trend continued into the early months of the crisis. Food and energy are the main drivers of this inflation, as our Chart of the Week shows. Inflation continued to climb through July, a...

Summary We think the energy crisis will spur a recession in Europe. The ECB is trying to fight inflation without recognizing the costs. We prefer credit over equities. The ECB raised rates by a record 0.75%. We think the ECB will keep raising rates through year-end until the econo...