Stock Tickers: VLO, XOM, CVX, COP, SLB, HAL, OIH, HES, PBR, MRO, BHI, RIG, BJS, WMB, GSF, BP, VLO, WFT, NOV, HES
Higher and higher oil prices got you down? They definitely don’t do wonder for the people increasing their short selling bets against stocks across the various groups of the Oil & Gas sector. Here is a list of many key (mostly US-based) stocks spread across the various segments inside the energy patch. It’s amazing that short selling rises as commodity prices biased upward and oil close to $70.00 per barrel.
Increases in short interest:
Stock (Ticker) JUNE MAY Change
Exxon Mobil (XOM) 49.65M 46.6M +6.55%
Chevron (CVX) 31.17M 30.79M +1.2%
ConocoPhillips (COP) 21.38M 17.37M +23%
Marathon Oil (MRO) 11.65M 5.62M +3.6%
Baker Hughes (BHI) 15.38M 13.44M +14.4%
Transocean (RIG) 16.27M 14.7M +10.6%
BJ Services (BJS) 21.57M 19.21M +12.3%
‘PetroBras’ (PBR) 4.84M 3.15M +53%
Williams Companies (WMB) 20.25M 17.93M +12.9%
Oil Service HOLDRs(OIH) 20.9M 19.0M +10%
GloabalSantaFe (GSF) 10.7M 9.24M +15.8%
Decreases in short interest
Stock (Ticker) JUNE MAY Change
BP plc (BP) 5.945M 6.61M -10%
Valero (VLO) 29.06M 46.05M -36.8%
Schlumberger (SLB) 20.94M 31.28M -30%
Halliburton (HAL) 44.27M 47.32M -6.4%
Weatherford (WFT) 17.93M 19.22M -6.7%
Nat’l Oilwell Varco (NOV) 7.59M 8.06M -5.8%
Hess Corp. (HES) 6.4M 6.42M -0.4%
Jon C. Ogg
June 22, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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