Dicker: Drill Down for Profits With Oil Services ETF
Land-based oil drilling companies are gushing profits and this is creating a mammoth opportunity for oil services companies, says Dan Dicker, contributor at TheStreet. Dicker says the best way for individual investors to gain exposure to the sector is through the SPDR S&P Oil & Gas Equipment & Services ETF (XES) which equal-weights its holdings. Dicker prefers the XES to the widely traded Market Vectors Oil Services ETF (OIH), which he says is far too overweight giants like Schlumberger and Halliburton.
At the time of publication, Dicker was XXX, but positions can change at any time.
Dan Dicker has been a floor trader at the New York Mercantile Exchange with more than 25 years of oil trading experience. He is a licensed commodities trade adviser.
Dan is currently President of
a wealth management firm and is the author of
published in March of 2011 by John Wiley and Sons.
Dan Dicker has appeared as an energy analyst since 2002 with all the major financial news networks. He has lent his expertise in hundreds of live radio and television broadcasts on
CNBC
,
Bloomberg
US and UK and
CNNfn.
Dan obtained a bachelor of arts degree from the State University of New York at Stony Brook in 1982.
