By comparing the movement of the general commodities basket and gold to the moves of oil and the products, you can get an idea how much of the move is general inflation vs $US changes vs demand / supply issues. Note, too , that the products usually go up immediately on oil price rises, but tend to drop only slowly (if at all) on oil price declines… SPY is there to remind you that you need to outperform the S&P 500 basket or it is not worth the added risk here. Finally, if the SPY is rising, oil demand usually does as well. When the SPY falls, oil can take a large decline (as production is geared up for a full running economy, and that supply surge takes time to throttle back on an economic slowdown).
When the ‘spread’ between the products and crude oil is wide, refiners do well, when it narrows, the integrated oil majors do better than the straight refiners.
Oil And Fuels Commodities
USO - US Oil - treasuries ETF with oil futures GLD - Gold ETF that often moves when oil moves SPY - S&P 500 Benchmark ETF DBC - Dunn and Bradstreet Commodities basket ETF KOL - Coal ETF (has miners and equipment makers) UNG - US Natural Gas- treasuries ETF with natural gas futures UGA - US Gasoline- treasuries ETF with gasoline futures UHN - US Heating Oil (tied to Diesel and Jet Fuel in production) - treasuries ETF with heating oil futures NLR - Nuclear Industry ETF CA:U - Uranium, traded in Canada. U.TO in Yahoo!
The two nuclear tickers are on here so you can see some of the competition. The holdings of CA:U (that is called out via the ticker U.TO in finance.yahoo) are substantially all Uranium Oxide.
Uranium Participation Corporation operates as an investment holding company. The company invests its assets substantially in uranium oxide in concentrates (U3O8). U3O8 is primarily used as a fuel for nuclear power plants. Denison Mines, Inc. operates as the manager of the company. Uranium Participation was founded in 2005 and is headquartered in Toronto, Canada.
So if you want to buy some Uranium, you can. You just can’t take possession of it ;-) There is a nuclear stocks section at the bottom of this posting, but for now the industry is in a Fukushima Funk… (You can also buy shares in uranium enrichment companies, but you can’t get samples of the output ;-) “Own, but don’t touch” seems to be the idea.
Not oil per se, but the companies that produce and process it.
Some Selected Global Oils:
XOM Exxon Mobil - Largest, U.S. / Global COP Conoco Philips - U.S. with Russian exposure CVX Chevron Texaco - U.S. PBR Petrobras - Brazil PCZ Petro Canada HAS NOW MERGED WITH SU SUNCOR SU Suncor - Canadian Oil Sands BP British Petroleum TOT Total - France E Eni Italy IMO Imperial Oil - Canada Oil and Oil Sands SSL Sasol - South African Synthetic Oil Company
Some added oils and refiners:
Notice that due to ARSD being on a rocket ride / bubbly, the graphs of the other tickers look compressed. The refiners on this graph are actually wider ranging that the oils on the prior graph. Use the scales at the side wisely…
STO - Norway, Statoil GLD - Gold ETF SPY - S&P 500 benchmark ETF VLO - Valero oil refiner and retailer TSO - Tesoro oil refiner MRO - Marathon oil refiner ARSD - Arabian American Development Company (chemicals and oil refining) RDSA - Royal Dutch Shell Oil A shares RDSB - Royal Dutch Shell Oil B shares
Oil service companies are the folks who provide ocean drilling rigs, pipes, fly crew out to rigs, so seismic studies. All the various support work that goes into making a well produce.
XES - Oil Services ETF (more user friendly than OIH) OIH - Oil Services ETF (that sometimes limits what size you can buy) SPY - S&P 500 Benchmark ETF USO - Oil ETF (higher prices drive more services) RIG - Transocean deep sea driller SLB - Schlumberger - the data processing and seismic expert KEG - Key Energy Services FTK - Flotek - chemicals, valves and such PKD - Parker Drilling HERO - Hercules Offshore
I’ve put “momentum” and “slow stochastic” indicators on this chart as ‘swing trading’ the ripples in Oil Services is often an easy trade. There is a monthly oil industry report that tends to induce periodic fear / greed cycling…
Synthetic oils, tar sands, and algae oils companies, a speculative group.
While tar sands are becoming more mainstream, they still have higher costs to produce than regular oil fields, so have more price volatility (the profit percentage cycles wider on any price swings in oil). The synthetic oil stocks are clearly highly speculative and some of them are nothing other than penny stock toys. (I’m interested in watching the technology, but as an investment it is a ‘sucky’ place to put money).
SYNM - Syntroleum USO - U.S. Oil - futures contract fund SPY - S&P 500 Benchmark ETF RTK - Rentech SYMX - Synthesis Energy Company PSUD - PetroSun Energy - penny stock in oil services and Algae OOIL - Origin Oil - Algae based oil system SSL - SASOL - South African Synthetic Oil Company SU - Suncor - Canadian Tar Sands IMO - Imperial Oil - Canadian Tar Sands
Canadian vs US Coal Majors.
Coal will be with use for several hundred years. It makes up over 1/2 of US electricity supply and is essential in many materials manufacturing steps, like making iron and steel.
I suspect we are seeing a coal gas artifact in PVG and how it is moving divergent from the others. A “Dig Here”…
ACI Arch Coal ANR Alpha Natural Resources BTU Peabody Coal (Very Very big!) CNX Consol Energy TCK Teck Resources ( merged FCL ) MEE Massey Energy VA PCX Patriot Coal MO PVG Penn Virgina GP Holdings PA PVR Penn VA Resources Partners PA plus gas
Small U.S. Based Coal
These are smaller coal mines compared to the major global producer, BTU.
Small US Coal producers. (EEE has some kind of partnership in a carbon offset trading scheme, but no earnings. My take is that coal is flat in the U.S.A. but Quatloo Betting on Carbon Cap and Tirade is a hot area ;-)
ARLP Alliance Resource Partners LP (OK coal) EEE Evergreen Energy (Old KFx coal upgrading) ICO International Coal Group WV. JRCC James River Coal VA KOL Coal ETF NCOC National Coal TN NRP Natrual Resources partners TX WLB Westmoreland Coal CO plus generation WLBPR Westmoreland Coal Preferred WLT Walter Industries FL met coal + mortgages + coke + gas + fibers +...
China Coal compared to BTU – Peabody Coal in the USA
CCOZF China Coal Energy penny stock CHGY China Energy * PUDA Puda Coal metallurgical coal YZC Yanzhou Coal * (These two look to have evaporated or changed tickers) SCLXD Sino Clean Energy SGZH Songzai Intl Hldg * * larger companies
Uranium and Thorium miners & refiners
Not a lot of interest now, but someday…
NLR - Nuclear Energy ETF (basket of stocks, CCJ, USU, EXC, CEG, etc.) CCJ - Cameco - Canadian. Major Uranium miner and fabricator URRE - Uranium Resources. Miner in Texas CA:U - Uranium, traded in Canada. U.TO in Yahoo! URZ - Uranerz. Exploration stage miner. Wyoming DNN - Dennison Mines. Ontario, Canada. Mixed metals, diamonds, U. USU - USEC Inc. Major refiner - centrifuge operator in USA. LTBR - Lightbridge. Thorium Fuel Cycle provider. Was: THPW Thorium Power - start up scale novel fuel cycle - penny stock URG - UR-Energy, Inc. Miner in Colorado UEC - Uranium Energy Corp. Exploration stage miner in Austin, Texas