Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts, and the results are not as strong as you would expect considering $80 oil is here. We have watched the Oil Services HOLDRs (NYSE: OIH), the Ultra Oil & Gas ProShares (NYSE: DIG), the United States Oil (NYSE: USO) ETF and the iPath S&P GSCI Crude Oil Total Return Index ETN (NYSE: OIL) react to this news. The overall figure is up, but barely.
U.S. Rig Count is up 8 from last week at 1048; down 916 year over year.
Canadian Rig Count is down 6 from last week at 244; down 203 year over year.
The US Offshore rig count is 34, up 1 from last week; down 39 year over year.
Oil Services HOLDRs (NYSE: OIH) is down 1.9% at $127.96, the Ultra Oil & Gas ProShares (NYSE: DIG) is down 2.7% at $37.43, the United States Oil (NYSE: USO) ETF is down 0.25% at $41.36 and the iPath S&P GSCI Crude Oil Total Return Index ETN (NYSE: OIL) is down 0.3% at $27.35. Oil measured by NYMEX WTI Crude is down $0.30 at $80.89 per barrel.
JON C. OGG
OCTOBER 23, 2009
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside.
If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.