Conoco-Phillips is up 26% in 2013. That’s for one of the largest diversified energy companies in the market, nearly $100 billion market cap. The stock has rallied right up to its 2008 all-time high: The …
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A theme that looks obvious in hindsight (as all themes do) is the outperformance of the U.S. vs. emerging markets in 2013. SPY is up almost 20% in 2013, while EEM is down more than …
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The Economist had an in-depth article in this week’s issue with the subtitle, “The day of the huge integrated international oil company is drawing to a close.” The article goes on to argue that the …
Continue readingTrade Update June 21st, 2013: Earlier this morning CC updated our thoughts heading into today’s expiration in his Considering Our Options post (here) and the conclusion was with both spreads at intrinsic value that …
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Ok, before the open I laid out the case for Short XLE via Long Premium and Long XLU via Short Premium, and why I liked the 2 as a pairs trade. When XLE was up …
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Earlier this morning I laid out the case for long XLU, short XLE (below), With the XLE up I am going to leg into this pairs trade and put on this portion and look to …
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MorningWord 6/6/13: Over the last week Enis has laid out his bearish near term thesis for oil (here) and traded (here) via USO options. Enis is obviously focused on the commodity but in a market environment …
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Energy was the strongest sector yesterday. XLE is now trading at its highest level since mid-2008, when oil was still above $100 / barrel. The cause for today’s run in XLE is less about oil, …
Continue readingTrade Update April 25th, 2013, 3:16 pm: I am adjusting my XLE trade from last week.
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Energy stocks are relatively cheap vs. the market on a P/E basis. Particularly when I look at the XLE ETF, it’s composed of the largest oil and gas names, the recognizable behemoths of XOM, CVX, …
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