IEO Oil ETF Future Outlook
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iShares U.S. Oil & Gas Exploration & Production ETF (IEO)
As the name suggests, this ETF holds oil and gas companies specifically focused on exploration and production. It counts ConocoPhillips (COP), Marathon Petroleum (MPC) and EOG Resources (EOG) among its 10 largest holdings (out of 100). Right now, the IEO is the dog’s dinner – down 53% year to date. However, when oil prices were on the rise from 2016-2018, up 79%. When oil prices get going again, so will this oil ETF.
iShares U.S. Oil & Gas Exploration & Production ETF (IEO)
As the name suggests, this ETF holds oil and gas companies specifically focused on exploration and production. It counts ConocoPhillips (COP), Marathon Petroleum (MPC) and EOG Resources (EOG) among its 10 largest holdings (out of 100). Right now, the IEO is the dog’s dinner – down 53% year to date. However, when oil prices were on the rise from 2016-2018, up 79%. When oil prices get going again, so will this oil ETF.
Trade closed: target reached
