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A little perspective, IOC trading in sympathy with IEO last 7 days - Printable Version

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A little perspective, IOC trading in sympathy with IEO last 7 days - IOCHUHU - 09-27-2012


While many IOC investors are solely focused on IOC, the stock does not operate in a vacuum. Over the last 7 days IOC has traded down with the IEO ETF. IEO is the iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund. The Index measures the performance of the oil exploration and production sub-sector of the United States equity market, and includes companies that are engaged in the exploration for and extraction, production, refining, and supply of oil and gas products. 



While we're all a bit impatient for news we've learned that things take longer on PNG.



RE: A little perspective, IOC trading in sympathy with IEO last 7 days - Petrovale - 09-27-2012

IOCHUHU, thank you. But, honestly, I fail to see any inter-connect between an extremely low volume US based ETF and an Asian player like IOC. These are completely different worlds, market wise, volume wise, value wise and other wise.

RE: A little perspective, IOC trading in sympathy with IEO last 7 days - IOCHUHU - 09-27-2012

IOC certainly has a higher beta than the ETF. My point is that while the price of Oil has fallen to $89 from $100 E&P companies are going to get caught in the down-draft and a high beta name like IOC in the absence of news is going to go down and by a larger amount than the ETF. The ETF has been going down every day and every company in the index has reached FID. IOC hasn't reached FID so it's gonna be volatile.

Stay strong longs I know the ride is nauseating.

RE: A little perspective, IOC trading in sympathy with IEO last 7 days - trans - 09-27-2012

'Petrovale' pid='10313' datel Wrote:IOCHUHU, thank you. But, honestly, I fail to see any inter-connect between an extremely low volume US based ETF and an Asian player like IOC. These are completely different worlds, market wise, volume wise, value wise and other wise.

try XOP, a carbon copy of IOC nearly



RE: A little perspective, IOC trading in sympathy with IEO last 7 days - Petrovale - 09-27-2012

There are fewer than than 90k shares traded in today's US based IEO, if that's the ETF you're referring to. IOC, located in Asia, is trading about 715k on the NYSE, and seeks to market assets in Asia, based on Asian prices. Unfortunately, I still don't understand what you're trying to point out, regardless any concept of FID or oil price.

RE: A little perspective, IOC trading in sympathy with IEO last 7 days - Petrovale - 09-27-2012

Thank you, Trans, but XOP, with significantly higher volumes than IEO, is doing a lot better than IOC, judged by the daily chart. So, I would like to refer back to the options concept and the news value mentioned earlier. Am I overlooking something?

RE: A little perspective, IOC trading in sympathy with IEO last 7 days - trans - 09-27-2012

Petro, sorry, was looking at the last few days on the XOP

RE: A little perspective, IOC trading in sympathy with IEO last 7 days - IOCHUHU - 09-27-2012

My point is not that there are lots of E&P companies that have been going straight down with the fall in the price of Oil (IEO and XOP track these) and while a lack of news isn't helping IOC's price I believe the largest driver of the price decline over the last 5-8 days has been the falling price of Oil and other E&P companies.

RE: A little perspective, IOC trading in sympathy with IEO last 7 days - Gator - 09-27-2012

You are correct that is is not just IOC.

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