XOP News and Press, SPDR S&P Oil & Gas Explor & Product From 01/20/23

Summary The US EIA Short Term Energy Outlook was published on January 10, 2023. I doubt Russian C+C output will fall as much as the EIA has forecast. The Canadian forecast looks much too high. A guest post by D Coyne The US EIA Short Term Energy Outlook (STEO) ...

Summary Commodity-exposed energy names significantly outperformed during the week. Various names have either broken out or are on the verge of breaking out to 52-week highs. We see this week's trends continuing in 2023 given our bullish oil-price outlook. Energy Income Per...

Summary Investors should take the comments from Pioneer's CEO seriously regarding the headwinds facing U.S. shale. Marathon isn't immune to rising Capex costs either. However, even with higher costs and lower oil prices, the FCF yield suggests more upside is possible. In the sho...

Summary December was a mixed month for commodity index strategies overall. Natural gas was the strongest commodity for most index strategies. The precious metals sector was the strongest performing sector in December, rising over 5%. Natural Gas Contributes From Rebalance ...

Summary NPD is a closed end fund investing across oil & gas stocks. The fund outperformed in 2022 and screens well next to its category peer group. The fund yields 7% through a quarterly distribution. We are bullish on the sector and view NDP as well-positioned to continue d...

Summary Income-producing energy stocks outperformed during the week’s violent commodity selloff. The strong performance came from attractive valuations and the sector’s positive outlook for 2023. MLPs outperformed after their selloff in December. Energy Incom...

Summary After being feted and fawned over as the darling of 2022, have Exxon Mobil and the energy sector rally run out of juice? We update our viewpoint on the entire energy sector, including Exxon Mobil. Lyn Alden provides commentary and fundamental analysis. What about recession r...

Summary On a coincident basis, driven by a historically tight labour market and robust industrial production growth, the US economy remains deceptively strong despite negative real incomes and tight financial conditions. However, the leading indicators of the business cycle continue to ...

Summary Oil prices have kickstarted 2023 with their worst decline since 1991. With at least one-third of the global economy set to be in a recession this year, including the US, demand will continue to be suppressed. This could mitigate the expected demand boost from China. It a...

Summary The oil & gas space struck gold in 2021 and 2022. A new narrative could be playing out with WTI tumbling to near multi-month lows. Devon Energy features a low valuation, no doubt, but momentum and price action might rule the day in the near term. Did Energy sto...