oil tankers, ETFs, individual stocks performance comparison
1 year performance (taking into account of dividends re-investment):
JOY> STNG>OXY>XEG>FLNG>XLE>FCG>XOP>OIH
What's the implication?
JOY: small cap Canadian stocks which is very aggressive , high beta with oil
STNG: tankers, benefited from the Ukraine war and would continue to be so assume the war goes on
OXY: no hedges on, relatively small, Warren buffets holdings. Less likely to be shorted by short-sellers because short sellers know Buffett would be buying when it dips
XEG: Canadian ETFs. Have a better sharp ratio than US ETFs. Why? Because not many people could short it and the trading volume is low. Politically Canada is more 'stable' than USA, less chance they would be targeted by politician on windfall tax
FLNG: similar to STNG?
XLE: US big caps
FCG: performed not that good maybe due to the freeman port explosion, may catch up later once the port is fixed
XOP: more spread out than XLE
OIH: oil refineries technology and related equipment companies. Not in its hay days yet unless there are more refinery activities, which is currently not politically feasible. However it would catch-up if there are more oil exploration activities in the future.
JOY> STNG>OXY>XEG>FLNG>XLE>FCG>XOP>OIH
What's the implication?
JOY: small cap Canadian stocks which is very aggressive , high beta with oil
STNG: tankers, benefited from the Ukraine war and would continue to be so assume the war goes on
OXY: no hedges on, relatively small, Warren buffets holdings. Less likely to be shorted by short-sellers because short sellers know Buffett would be buying when it dips
XEG: Canadian ETFs. Have a better sharp ratio than US ETFs. Why? Because not many people could short it and the trading volume is low. Politically Canada is more 'stable' than USA, less chance they would be targeted by politician on windfall tax
FLNG: similar to STNG?
XLE: US big caps
FCG: performed not that good maybe due to the freeman port explosion, may catch up later once the port is fixed
XOP: more spread out than XLE
OIH: oil refineries technology and related equipment companies. Not in its hay days yet unless there are more refinery activities, which is currently not politically feasible. However it would catch-up if there are more oil exploration activities in the future.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.