IXC / IXC: Oil And Gas Stocks Are Probably Trading At Fair Value Although Further Upside Is Possible

For investors seeking momentum, iShares Global Energy ETF IXC is probably on radar. The fund just hit a 52-week high and is up 31% from its 52-week lo more_horizontal

The Energy, Consumer Non-cyclicals, and Healthcare sectors each earn an attractive-or-better rating at the start of 3Q23, based on the aggregation of more_horizontal

I evaluate the iShares Global Energy ETF as a potential investment option at its current market price. I continue to own this passively managed sector more_horizontal

In our discussion of IXC, we want to identify a new speculative factor that interacts in an important way with oil prices through OPEC supply decision more_horizontal

I turned cautious on Energy when March got underway. Even with that backdrop, I'm surprised how quickly (and by how much) the sector has dropped. The more_horizontal

Oil stocks remain near all-time highs despite the significant decline in oil prices seen over recent months, which suggest near-term caution towards t more_horizontal

Energy is a strategic investment right now as it relates to the Ukraine war. No more flaring for shale oil producers, because gas is the hottest commo more_horizontal

I am reducing my positions in the Energy Sector Select SPDR in favor of the iShares Global Energy ETF as the latter trades at much more attractive val more_horizontal