However, energy observers warn that even if oil prices were to rebound, the industry may take a while to regain its step. [Fading Optimism in Energy Sector ETFs]
“It could slow down the ramp up,” James West, an analyst for Evercore ISI, said in the article, warning that there could be dozens of bankruptcies in the U.S. oil service sector. “You may start to run into equipment and labor issues.”
Market Vectors Unconventional Oil & Gas ETF
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Max Contributed to this article.