BMO’s Brendan Warn argues that major national and international oil companies with strong cash flows could expand their own production by simply acquiring smaller explorers and services companies.
For international exposure, the iShares Global Energy ETF (NYSEArca: IXC) tracks global energy producers and distributors, and the iShares MSCI Global Energy Producers ETF (NYSEArca: FILL) includes global energy explorers and producers. Both IXC and FILL include a heavy 50% tilt toward the U.S. Alternatively, the SPDR S&P International Energy Sector ETF (NYSEArca: IPW) tracks non-U.S. energy companies. [Old Takeover Rumor Could Lift Some Overlooked ETFs]
Energy Select Sector SPDR
For more information on the energy sector, visit our energy category.
Max Chen contributed to this article.