“Virtually all segments of the energy sector stank the place out in 2020,” an OilPrice.com article noted. “The average midstream company fell 31.9%. These are companies that transport and store oil and gas.”
“Integrated supermajors such as Exxon and Chevron declined 32.5%, while the largest upstream companies crashed 33.6% in 2020,” the article added further. “Meanwhile, giant refiners such as Marathon Oil, Valero Corp, and Phillips 66 fell 32.2% over the timeframe.”
However, as oil prices have not only recovered since all sub-sectors of the oil industry have flourished.
“However, all four sub-sectors have managed to turn things around, with midstream companies climbing 25.6% in Q1 2021; integrated supermajors gaining 35.7%, upstream companies gained 38.0%, while refiners returned 25.8%,” the article said further.
Best Performing ETFs Of The Year yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The clean-energy ETF sell-off may be a buying opportunity msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
January 15, 2021
The S&P 500 Energy index has rallied 45% in the past few months. Five of the best-performing ETFs from Invesco have been in the energy sector.
Invesco S&P SmallCap Energy ETF (PSCE): PSCE seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600® Capped Energy Index. The fund generally will invest at least 90% of its total assets in the securities of small-capitalization U.S. energy companies that comprise the underlying index. These companies are principally engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services, and pipelines.