XOP News and Press, SPDR S&P Oil & Gas Explor & Product From 10/09/22

Summary This is the fourth round of the battle between our two favorite sectors. Both have beaten the market, but we have a clear preference for one. We examine the fundamentals in light of tightening energy market fundamentals. Investing comes down to choosing the b...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips This was quite a week as we kicked off the fourth quarter. There was a lot going on, so in today’s Market 360 , let’s see if we can make some sense out of it… First of all, the fourth quarter is by f...

Summary We expect macro headwinds will continue to pressure U.S. corporate earnings in the coming months. We expect earnings expectations to decline as multinational firms realize foreign exchange headwinds that accelerated over the past year. Investors can avoid undue interna...

Summary XOP's technicals and AUM growth point to further gains in the fund. Implied volatility is trading well above normal. We like the look of a skewed iron condor here as it offers limited risk and has an excellent return on capital profile if profit is realized. ...

Summary U.S. July production increased by a minimal 12 kb/d to 11,800 kb/d. ConocoPhilips continues to pursue the Willow oil project in Alaska while NGOs oppose it. In August, a new oil field was discovered - a geological company confirmed the Wyoming deep discovery. The n...

Summary One of the key points I’ve been discussing for the past two years is that the commodity markets are facing a unique set of policy-driven imbalances. When it comes to shortages across the fossil fuel space, the multi-year low in oil inventories has been only temporar...

Summary Even if the political landscape were to become temporarily supportive, it would be too risky to invest in anything other than small projects with rapid paybacks. Regime Uncertainty is a pervasive lack of confidence among investors in their ability to foresee the extent to ...

Summary The Norway Petroleum Directorate reported that production rebounded from June to July to 1,664 kb/d and then rose to 1,773 kb/d in August. Guyana added an additional 30 kb/d of production in August to reach a new high of 390 kb/d. On September 23, 2022, WTI settled bel...

Summary Global refined oil product markets are on track to remain tight until mid-decade, with the global downstream industry facing significant near-, medium- and long-term challenges. S&P Global Commodity Insights forecasts that there are no quick fixes for the forces at pla...

Summary The energy market has certainly had a very positive year so far. FTSE All World Oil, Gas & Coal is up 20% YTD (to end August), 39% ahead of the broader FTSE All World Equity Index. Looking more broadly across asset classes, whilst energy equities were strong (and less ...