Oil Services Holders (OIH)
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Created by Ira Krakow
DESCRIPTION:

Date updated:06-01-2007

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.

symbol name last price % change open
  • +
  • OIH
    Oil Service Holdr
  • $120.90
  • -0.70%
  • $120.05

Managed by Merrill Lynch. From Yahoo Finance: The investment seeks to diversify your investments in the oil service industry through a single, exchange-listed instrument representing your undivided beneficial ownership of the underlying securities. The investment holds shares of common stock issued by specified companies that, when initially selected, were involved in the oil service industry. Except when a reconstitution event, distribution of securities by an underlying issuer or other event occurs, the group of companies will not change. There are currently 18 companies included in the investment.

People owning OIH also tend to own: BTUSPYXLEXOMDVNMPETSUN

TheStreet.com Rating: No Rating What is this?

  • +
  • SLB
    Schlumberger Ltd
  • $64.40
  • -1.08%
  • $64.35

As of 3/31/07 - 10.41% of OIH assets. SLB trading strategy, from bloggingstocks.com (May 14, 2007).

People owning SLB also tend to own: AXAFDXNOKNUERTPTMAAPL

TheStreet.com Rating: B- What is this?

  • +
  • RIG
    Transocean Ltd
  • $85.40
  • -0.50%
  • $84.65

As of 3/31/07 - 10.08 of OIH assets. I own RIG, buying it based on Cramer's recommendation, at 75. As of 5/18/2007, it's up about 25%.

People owning RIG also tend to own: GSFHPNBRAAPLADBEBBYCMCSA

TheStreet.com Rating: B- What is this?

  • +
  • HAL
    Halliburton Co
  • $31.03
  • +1.57%
  • $30.20

As of 3/31/07 - 9.57% of OIH assets

People owning HAL also tend to own: ATIMFLXTEXTIEAIGBAC

TheStreet.com Rating: B- What is this?

  • +
  • BHI
    Baker Hughes Intl
  • $41.18
  • -2.23%
  • $41.40

As of 3/31/07 - 9.52% of OIH assets.

People owning BHI also tend to own: ANNAUYBACERICFGEGLW

TheStreet.com Rating: C What is this?

  • +
  • GSF
    Gsf
  • $0.00
  • N/A
  • $N/A

As of 3/31/07 - 8.44% of OIH assets

People owning GSF also tend to own: ACIBJSBTUCNXCWEIDNRDO

TheStreet.com Rating: No Rating What is this?

  • +
  • DO
    Diamond Offshore
  • $97.20
  • -1.47%
  • $97.75

As of 3/31/07 - 6.10% of OIH assets

People owning DO also tend to own: ACIBJSBTUCNXCWEIDNRGSF

TheStreet.com Rating: B What is this?

  • +
  • NE
    Noble Corp (new)
  • $42.34
  • -0.89%
  • $42.26

As of 3/31/07 - 5.93% of OIH assets

People owning NE also tend to own: AETAIGBRK-BCAGCATCBICHL

TheStreet.com Rating: B What is this?

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Start Price

Return Value

Start Date
OIH 168.21 -28.13% May 18th
SLB 78.89 -18.37% May 18th
RIG 94.04 -9.19% May 18th
HAL 36.36 -14.66% May 18th
BHI 81.68 -49.58% May 18th
GSF 66.66 ------ May 18th
DO 92.17 +5.46% May 18th
NE 90.35 -53.14% May 18th
BJS 30.31 -37.61% May 18th
SII 54.89 -47.37% May 18th
NBR 35.81 -38.59% May 18th
ESV 59.39 -19.13% May 18th
NOV 93.8785 -53.47% May 18th
GRP 56.01 ------ May 18th
TDW 66.34 -34.14% May 18th
RDC 38.99 -34.73% May 18th
HC 22.77 ------ May 18th
DIG 93.35 -62.51% May 18th
XES 35.32 -19.68% May 18th

Average return:

 -32.18%

Success rate:

 6.25%

Tracking Started: 05-18-2007

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