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Oil Services Holders (OIH)
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This is a portfolio of the Oil Services Holders ETF (OIH) and its major investments, as reported by Morningstar.The oil services sector - drilling rigs, supplies, maintenance and support of oil exploration - is on fire. You name a stock in the sector - Global Santa Fe, Transocean, Schlumberger, Baker Hughes, Nabors, and so on - and Jim Cramer has been enthusiastically bullish at one time or another, on a fairly consistent basis.
So do we have to buy 10 oil services stocks, analyzing each of them, figuring out whether land drillers are better than offshore drillers, or drilling in the Indian Ocean is better than drilling in Canada? As we swap in and out, we incur transaction costs, not to mention the risk that we're wrong. Why not just buy the Oil Services Holders ETF (OIH)? It's up 17% YTD, as of May 18, 2007 - about 40% if sustained for the year. Not too shabby.
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