09-27-2012, 04:49 AM
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.
Stay strong longs I know the ride is nauseating.