Speaking of oil services stocks and ETFs, “oil services names, like SLB, should benefit in 2015 from a boost to deepwater activity levels, as deepwater services work typically carries higher margins,” said S&P in the note. The research firm has an overweight rating on the Market Vectors Oil Service ETF (NYSEArca: OIH).
The $1.5 billion OIH, which is up 21% this year, allocates 20.7% of its weight to Schlumberger. That is nearly 800 basis points more than the weight given to Halliburton, the ETF’s second-largest holding. [ETFs Loaded With the Best S&P 500 Stocks]
S&P Capital IQ also has an overweight rating on the Fidelity MSCI Energy Index ETF (NYSEArca: FENY). FENY debuted last October and was sitting on $133.7 million in assets at the end of June, indicating the fund has been critical in the ascent of Fidelity’s sector ETF suite to over $1 billion in combined assets. [Fidelity ETFs Race to $1B in Assets]
FENY allocates a combined 18.3% of its weight to Chevron and Schlumberger.
Energy Select Sector SPDR
