Energy
Mixed Bag in Energy Short Selling (BP, VLO, MRO, BHI, RIG, XOM, CVX, COP, SLB, HAL, OIH)
Published:
Stock Tickers: BP, VLO, MRO, BHI, RIG, XOM, CVX, COP, SLB, HAL, OIH
The short interest for MAY 2007 is out and the oil and energy patch names is fairly mixed. The Oil Service HOLDRs (OIH) showed a 13.3% rise in the short interest with the April reading of 16.76 million shares going up to a new 19.0 million shares in May. As you can see out of the liquid and actively traded US-based (most anyway), the list is actually pretty mixed for the month. Fighting rising energy prices is just hard to do after a while.
STOCK (Ticker) MAY07 APR07 Change
BP plc (BP) 6.61M 6.13M 7.7%
Valero (VLO) 46.05M 10.78M 327%
Marathon Oil (MRO) 5.62M 5.37M 5.6%
Baher Hughes (BHI) 13.44M 12.93M 4.2%
Transocean (RIG) 14.7M 14.64M 1.7%
lower short interest…..
Exxon Mobil (XOM) 46.6M 49.78M -6.4%
Chevron (CVX) 30.79M 32.43M -5.1%
ConocoPhillips (COP) 17.37M 18.74M -7.3%
Schlumberger (SLB) 31.28M 30.07M -3.8%
Halliburton (HAL) 47.32M 113.7M -58%
Jon C. Ogg
May 22, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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