An ETF Which Tracks Natural Resources (IGE)
Posted: Thursday 20 April 2006 - Commodities Section
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The Exchange Traded Fund (ETF) ticker symbol IGE looks interesting for commodity bulls.
The ETF's main holdings are listed below, heavily dependent on Oil & Gas.
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IGE - Main Stock Holdings
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| BP PLC |
7.39% |
Occidental Petroleum Corp. |
2.51% |
| Exxon Mobil Corp |
7.24% |
EnCana Corp. |
2.40% |
| Chevron Corp |
6.90% |
Valero Energy Corp. |
2.34% |
| ConocoPhillips |
6.49% |
Halliburton Co. |
2.33% |
| Schlumberger, Ltd |
4.25% |
Suncor Energy, Inc. |
2.26% |
There’s a lot of commodity talk around at the moment so stocks like this are well bid. As bullish as we are to the sector we wouldn’t be a buyer here but would add this stock to our watch list ready to buy on weakness.
Remember, commodities and commodity based stocks are prone to savage corrections (just as tech stocks were in 1995-2000) so that’s the time to be bold and buy if your long term view still remains bullish. As ever though you’ll be buying against the market grain because all the market commentators will be forecasting the ‘end of the bull’ but that's what they always say when a market is going down......
