USOIL vs OIH (ETF) megadivergence

VanEck Oil Services ETFArca

Description

⋅ Aug 14, 2017 5:04 PM

Hello Colleagues,

Imho, OIH are discounting lower Oil price for 2H17 early 2018. Lower EPS and most drilling co. will suffer in operating margins and credit spreads.

So oil will drop hard next days.