Most Canadians are very exposed to oil. This is an interesting spin because it is the oil service companies and not the producers. You can get broader exposure through others in Canada.
(Past Top Pick March 27, 2018, Up 7%) A direct oil play. The oil price has done better than expected, but it's frustrating to get the commodity call right, but the stocks don't rise accordingly.
(Past Top Pick, Feb.15, 2018, Up 4%) Oil did a lot better than he expected, but he's disappointed that this ETF hasn't reflected that lift. Energy stocks are still out of favour, because investors are buying FANG stocks instead.
An oil services ETF. 35% of this is Haliburton and Slumberger. With oil above $60, a lot of money is going back into the ground, more so in the U.S. than Canada. Valuations are low in the mid-20s.
At $60 plus for oil you get a lot of investment going back into the ground. It is trading at the low end of the historical range. It should get a bigger boost going forward.
This tends to move from around mid-December through until April. Technically, the stock is showing a nice base pattern already. If it moves above its pattern, it will be a classic reverse head and shoulders pattern. Thinks that $26.27 is the magic number, and a move above that will complete the pattern.
The oilfield services have the same seasonality as the oil sector itself. If you want to get leverage, this is where you play.
Oil Services Vaneck ETF is a American stock, trading under the symbol OIH-N on the NYSE Arca (OIH). It is usually referred to as AMEX:OIH or OIH-N
In the last year, 2 stock analysts published opinions about OIH-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Oil Services Vaneck ETF.
Oil Services Vaneck ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Oil Services Vaneck ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Oil Services Vaneck ETF In the last year. It is a trending stock that is worth watching.
On 2023-06-01, Oil Services Vaneck ETF (OIH-N) stock closed at a price of $259.18.