Tuesday, April 27, 2010
Stock Market today April 27, 2010: Why Are Energy Stocks Retreating
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Stock Market today April 27, 2010: Why Are Energy Stocks Retreating:
One of the major sector EFTs that is retreating the most in today stock market selling is XLE. XLE is an energy stock ETF. We ask the question of why are they one of the leading stocks in today's selloff. Here is our theory/opinion, and it is rooted in Europe, and is based on two points:
1. With the Greece default crisis, the EUR has been selling off, and the US dollar has been rising. Since commodities are priced in dollar, a strong dollar can mean weaker commodities (everything else is constant). A decline in prices of commodities may not be good for companies that make money when prices of oil and major commodities rise.
2. With the EURO going down, and the dollar going up, the price of commodities as viewed by european consumers would rise. This would lead to less demand for energy products due to higher prices in Euros, which would in itself lead to lower commodity prices due to lower european demand.
1. and 2. may reinforce each other. Is the stock market today working on pricing the scenario above? Subscribe to our newsletter to learn more. Signup forms are at the bottom of page, and also at the top of page.
A list of stocks that may be related to the XLE EFT follows.
ABP Abraxas Petroleum Corporation
ACPW Active Power
ADM Archer Daniels Midland
AHC Amerada Hess
ALTI Altair Nanotechnologies
APA Apache
APC Anadarko Petroleum
ATPG ATP Oil and Gas Corporation
ATW Atwood Oceanics
BBG Bill Barrett Corporation
BCON Beacon Power
BHI Baker Hughes
BIGN Biogenerics
BJS BJ Services
BLDP Ballard Power Systems
BP BP (British Petroleum)
BR Burlington Resources
BRY Berry Petroleum
CAM Cooper Cameron
CEO CNOOC
CKH Seacor Holdings
CLB Core Laboratories
COP ConocoPhillips
COSWF Canadian Oil Sands
CPST Capstone Turbine Corp.
CRK Comstock Resources
CVX Chevron
CWEI Clayton Williams Energy
DESC Distributed Energy Systems
DNR Denbury Resources
DO Diamond Offshore Drilling
DPTR Delta Petroleum Corporation
DRQ Dril-Quip Inc.
DSTI Daystar
DVN Devon Energy
DWSN Dawson Geophysical
EAC Encore Acquisition Company
ECA EnCana
EEEI Electro Energy
ELK ElkCorp
ENER Energy Conversion Devices
ENOV Enova Systems
EOG EOG Resources
ESLR Evergreen Solar
ESV Ensco International
ETR Entergy
FCEL FuelCell Energy
FTI FMC Technologies
GGY General Geophysics
GIFI Gulf Island Fabrication
GLBL Global Industries
GMRK Gulfmark Offshore
GMXR GMX Resources
GRP Grant Prideco
GSF GlobalSantaFe
GSX Gasco Energy
GW Grey Wolf
HAL Halliburton
HC Hanover Compressor
HEC Harken Energy
HMC Honda
HOFF Horizon Offshore
HOKU Hoku Scientific
HOS Hornbeck Offshore Services
HP Helmerich & Payne
HYBT Hybrid Technologies
HYGS Hydrogenics
IDA IdaCorp
IMO Imperial Oil
IO Input/Output Inc.
KMG Kerr-McGee
KMI Kinder Morgan
KMP Kinder Morgan Energy Partners
KMR Kinder Morgan Management
KWK Quicksilver Resources
KYO Kyocera
LNG Cheniere Energy
LSS Lone Star Technologies
LUKOF Lukoil
MCEL Millenium Cell
MCF Contango Oil & Gas
MDR McDermott International
MDTL Medis Technologies
MKTY Mechanical Technology
MRO Marathon Oil
MVK Maverick Tube Corporation
MXWL Maxwell Technologies
NBR Nabors Industries
NE Noble Corp.
NOV National Oilwell Varco
NR Newpark Resources
OGZPF Gazprom
OII Oceaneering International
OLG Offshore Logistics
ORA Ormat Technologies
OXY Occidental Petroleum
PCZ Petro Canada
PDC Pioneer Drilling
PDE Pride International
PEIX Pacific Ethanol
PKD Parker Drilling
PLUG Plug Power
PTEN Patterson-UTI Energy
PTLD Petrol Industries
PTR PetroChina
PXP Plains Exploration & Production
QTWW Quantum Fuel Systems Technologies
RDC Rowan Companies
REM Remington Oil & Gas
RIG Transocean
RRC Range Resources
SATC SatCon Technology
SELA Seitel Inc.
SFY Swift Energy
SII Smith International
SJT San Juan Basin Royalty Trust
SKE Spinnaker Exploration
SLB Schlumberger
SOSA Stoit Offshore
SPN Superior Energy Services
SPWR SunPower
STP Suntech Power
SU Suncor
SUN Sunoco
TESOF Tesco Corporation
THE TODCO
TMR Meridian Resource
TORCQ Torch Offshore
TOT Total
TRMA Trico Marine Services
TTI TETRA Technologies
UCO Universal Compression Holdings
VLO Valero Energy
VPI Vintage Petroleum
VTS Veritas DGC Inc.
WGII Washington Group International
WLL Whiting Petroleum Corporation
WMB Williams Companies
WRES Warren Resources
XEC Cimarex Energy
XOM ExxonMobil
XSNX XsunX
XTO XTO Energy
One of the major sector EFTs that is retreating the most in today stock market selling is XLE. XLE is an energy stock ETF. We ask the question of why are they one of the leading stocks in today's selloff. Here is our theory/opinion, and it is rooted in Europe, and is based on two points:
1. With the Greece default crisis, the EUR has been selling off, and the US dollar has been rising. Since commodities are priced in dollar, a strong dollar can mean weaker commodities (everything else is constant). A decline in prices of commodities may not be good for companies that make money when prices of oil and major commodities rise.
2. With the EURO going down, and the dollar going up, the price of commodities as viewed by european consumers would rise. This would lead to less demand for energy products due to higher prices in Euros, which would in itself lead to lower commodity prices due to lower european demand.
1. and 2. may reinforce each other. Is the stock market today working on pricing the scenario above? Subscribe to our newsletter to learn more. Signup forms are at the bottom of page, and also at the top of page.
A list of stocks that may be related to the XLE EFT follows.
ABP Abraxas Petroleum Corporation
ACPW Active Power
ADM Archer Daniels Midland
AHC Amerada Hess
ALTI Altair Nanotechnologies
APA Apache
APC Anadarko Petroleum
ATPG ATP Oil and Gas Corporation
ATW Atwood Oceanics
BBG Bill Barrett Corporation
BCON Beacon Power
BHI Baker Hughes
BIGN Biogenerics
BJS BJ Services
BLDP Ballard Power Systems
BP BP (British Petroleum)
BR Burlington Resources
BRY Berry Petroleum
CAM Cooper Cameron
CEO CNOOC
CKH Seacor Holdings
CLB Core Laboratories
COP ConocoPhillips
COSWF Canadian Oil Sands
CPST Capstone Turbine Corp.
CRK Comstock Resources
CVX Chevron
CWEI Clayton Williams Energy
DESC Distributed Energy Systems
DNR Denbury Resources
DO Diamond Offshore Drilling
DPTR Delta Petroleum Corporation
DRQ Dril-Quip Inc.
DSTI Daystar
DVN Devon Energy
DWSN Dawson Geophysical
EAC Encore Acquisition Company
ECA EnCana
EEEI Electro Energy
ELK ElkCorp
ENER Energy Conversion Devices
ENOV Enova Systems
EOG EOG Resources
ESLR Evergreen Solar
ESV Ensco International
ETR Entergy
FCEL FuelCell Energy
FTI FMC Technologies
GGY General Geophysics
GIFI Gulf Island Fabrication
GLBL Global Industries
GMRK Gulfmark Offshore
GMXR GMX Resources
GRP Grant Prideco
GSF GlobalSantaFe
GSX Gasco Energy
GW Grey Wolf
HAL Halliburton
HC Hanover Compressor
HEC Harken Energy
HMC Honda
HOFF Horizon Offshore
HOKU Hoku Scientific
HOS Hornbeck Offshore Services
HP Helmerich & Payne
HYBT Hybrid Technologies
HYGS Hydrogenics
IDA IdaCorp
IMO Imperial Oil
IO Input/Output Inc.
KMG Kerr-McGee
KMI Kinder Morgan
KMP Kinder Morgan Energy Partners
KMR Kinder Morgan Management
KWK Quicksilver Resources
KYO Kyocera
LNG Cheniere Energy
LSS Lone Star Technologies
LUKOF Lukoil
MCEL Millenium Cell
MCF Contango Oil & Gas
MDR McDermott International
MDTL Medis Technologies
MKTY Mechanical Technology
MRO Marathon Oil
MVK Maverick Tube Corporation
MXWL Maxwell Technologies
NBR Nabors Industries
NE Noble Corp.
NOV National Oilwell Varco
NR Newpark Resources
OGZPF Gazprom
OII Oceaneering International
OLG Offshore Logistics
ORA Ormat Technologies
OXY Occidental Petroleum
PCZ Petro Canada
PDC Pioneer Drilling
PDE Pride International
PEIX Pacific Ethanol
PKD Parker Drilling
PLUG Plug Power
PTEN Patterson-UTI Energy
PTLD Petrol Industries
PTR PetroChina
PXP Plains Exploration & Production
QTWW Quantum Fuel Systems Technologies
RDC Rowan Companies
REM Remington Oil & Gas
RIG Transocean
RRC Range Resources
SATC SatCon Technology
SELA Seitel Inc.
SFY Swift Energy
SII Smith International
SJT San Juan Basin Royalty Trust
SKE Spinnaker Exploration
SLB Schlumberger
SOSA Stoit Offshore
SPN Superior Energy Services
SPWR SunPower
STP Suntech Power
SU Suncor
SUN Sunoco
TESOF Tesco Corporation
THE TODCO
TMR Meridian Resource
TORCQ Torch Offshore
TOT Total
TRMA Trico Marine Services
TTI TETRA Technologies
UCO Universal Compression Holdings
VLO Valero Energy
VPI Vintage Petroleum
VTS Veritas DGC Inc.
WGII Washington Group International
WLL Whiting Petroleum Corporation
WMB Williams Companies
WRES Warren Resources
XEC Cimarex Energy
XOM ExxonMobil
XSNX XsunX
XTO XTO Energy
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