High Priced Oil Winners
By: 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.
Top S&P 500 Energy Performers
| Symbol | Company Name | YTD % Change | 6 Month % Change |
|---|---|---|---|
| EOG | EOG Resources Inc | 36.58% | 68.53% |
| RRC | Range Resources Corp | 19.33% | 50.74% |
| XTO | XTO Energy Inc | 18.93% | 23.46% |
| NBR | Nabors Industries Ltd | 17.74% | 4.81% |
| CHK | Chesapeake Energy Corp | 17.30% | 30.40% |
| DVN | Devon Energy Corp | 16.81% | 24.83% |
| APA | Apache Corp | 10.54% | 31.99% |
