With Oil touching a new intraday record high price of $109.72 a barrel yesterday, which are the companies with the highest percentage gain year-to-date (YTD) in the S&P 500 Energy Sector?
Although the S&P 500 Energy Sector is down 5% YTD, the Oil & Gas Exploration and Production sub-sector has advanced 14% in the same period. The biggest winner in the Energy Sector and the S&P 500 Index has been EOG Resources . Six of the seven leading companies for the S&P 500 Energy Sector with the highest percentage gains in 2008 are part of the Oil & Gas Exploration and Production classification, except for Nabors Industries , which is part of the Oil & Gas Drilling category.
The Fast Money traders suggest considering XTO Energy and Chesapeake Energy as two interesting plays for the bullish trend in crude oil.