Oil services coming back into vogue
Since then, however, the Oil & Gas sector has staged somewhat of a recovery – still, over the last three months, the iShares Oil Equipment & Services ETF has lagged the S&P 500 by 4% (Figure 1).
However, in the long-term, I still see the Oil
Equipment & Services sub sector remains an excellent way to take a “picks
and shovels” approach to investing in the US shale oil & gas theme. The
crude oil price has, if anything, moved higher over this period, judging by the
Brent Crude Oil ETF (BNO; Figure 2).
To read the rest of this article and see my 3 favoured European stock picks to ride this Oil Services recovery, please click on the Mindful Money article link below:
All the best for the week ahead,
Edmund
I agree with you since last three months the prices is going to improve in both the Oil and Natural gas sector.
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