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Opinions Daniel Straus
Oil Services Vaneck ETFOIHWEAK BUYOct 18, 2018
Daniel StrausStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Karen Finerman
(Past Top Pick, Feb.15, 2018, Up 4%) Oil did a lot better than he expected, but he's disappointed that this ETF hasn't reflected that lift. Energy stocks are still out of favour, because investors are buying FANG stocks instead.
John ZechnerAn oil services ETF. 35% of this is Haliburton and Slumberger. With oil above $60, a lot of money is going back into the ground, more so in the U.S. than Canada. Valuations are low in the mid-20s.
John ZechnerAt $60 plus for oil you get a lot of investment going back into the ground. It is trading at the low end of the historical range. It should get a bigger boost going forward.
John ZechnerThis tends to move from around mid-December through until April. Technically, the stock is showing a nice base pattern already. If it moves above its pattern, it will be a classic reverse head and shoulders pattern. Thinks that $26.27 is the magic number, and a move above that will complete the pattern.
The oilfield services have the same seasonality as the oil sector itself. If you want to get leverage, this is where you play.
Don Vialoux
Most Canadians are very exposed to oil. This is an interesting spin because it is the oil service companies and not the producers. You can get broader exposure through others in Canada.