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Db X-Trackers MSCI world Energy Index Ucits Etf - LU0540980736

IL db x-trackers Stoxx Europe 600 Telecommunication Ucits ETF 1C replica l'andamento dell'indice Stoxx Europe 600 Telecommunication, consentendo così un investimento focalizzato sull'intero settore europeo delle telecomunicazioni.

L'indice di riferimento è lo Stoxx Europe 600 Telecommunications Total Return, composto da azioni europee del settore telecomunicazioni. L'esposizione principale è verso aziende della Gran Bretagna, con aziende quali Vodafone e British Telecom tra i 5 titoli più pesanti, seguono poi Spagna, Germania e Francia con i rispettivi operatori nazionali Telefonica, Deutsche Telekom e France Telecom. A differenza di altri strumenti quotati anche a Piazza Affari, questo ETF non stacca alcun dividendo. Le cedole staccate dai titoli vengono direttamente incorporate nella quotazione corrente dell'Etf (Total Return)

Questo qui sopra è la descrizione della sezione di FOL dedicata a questo ETF.

Il ragionamento che ho fatto è il seguente. Visto che il settore delletelecomunicazioni è in fermento e che sembra stia anche cambiando vistio che sembra che vogliano sfruttare le proprie reti per guadagnare sui contenuti non pensate che possa nel futuro dare delle buone soddisfazioni?

Certo ultimamente ha corso parecchio. Le performance sono +25% da inizio anno e +37% negli ultimi 12 mesi
 
BY BILL PETERS, INVESTOR'S BUSINESS DAILY
05:15 PM ET

U.S. crude oil inventories for the week ending Jan. 15 rose by 4 million barrels to 486.5 million barrels, the U.S. Energy Information Administration said Thursday. That was far more than the consensus forecast, but less than some had feared.
Despite this, oil prices rose from 12-year lows, temporarily crossing above the $30 mark, helped by signals from the European Central Bank that more quantitative easing might be on the way. U.S. crude rose 4.2% to $29.53 a barrel. Brent crude finished up 4.9% to $29.25 a barrel.

Analysts saw the EIA reporting a 2.8 million barrel increase. Gasoline inventories continued to rise sharply, adding 4.6 million barrels last week, also topping forecasts.

Oil majors also rose in the stock market today. Exxon (NYSE:XOM) finished up 1.2%, Chevron (NYSE:CVX) rose 2.6%, and Royal Dutch Shell (NYSE:RDSA) climbed 3.5%, a day after Shell said fourth-quarter profit likely fell 40%.
Big U.S. shale producer Continental Resources (NYSE:CLR) jumped 16%. Continental on Wednesday hit its lowest level since July 2009.

Crude stockpiles remain at a height that, for this time of year, hasn't been reached "in at least the last 80 years," the agency said in this week's report and in prior weekly reports, reflecting continued oversupply amid weak demand from China, where the economy is slowing.
For the week ending Jan. 8, the U.S. crude inventory rose by 200,000 barrels.


Read More At Investor's Business Daily: Oil Briefly Hits $30 Despite Inventories At 80-Year Highs - Investors.com
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook


https://www.bing.com/translator
 
se pensiamo di aver toccato il fondo (o quasi) forse qualcosa la si può mettere in questo etf, guardando il grafico a 5 anni oggi stiamo agli stessi valori di settembre-ottobre 2011


Graph - Borsa Italiana
 
A picco l'utile di Bp, entro il 2017 taglia 7.000 posti - Economia - ANSA.it



2 febbraio 2016, di Laura Naka Antonelli

(WSI) – Effetto petrolio sui conti del colosso petrolifero BP. Tonfo utili, che nel quarto trimestre sono crollati di ben -91%, dopo che i prezzi medi del petrolio crude sono scesi ai valori minimi in più di un decennio. Stando a quanto riporta Bloomberg, tenuto conto degli aggiustamenti per le voci di bilancio straordinarie e dei cambiamenti delle scorte, i profitti si sono attestati a $196 milioni, ben al di sotto della meta di $814,7 milioni attesa da dieci analisti intervistati da Bloomberg, e contro i $2,24 miliardi dello stesso periodo dell’anno precedente.

Il collasso dei prezzi del petrolio ha portato la capitalizzazione di mercato di BP a scivolare sotto la soglia di $100 miliardi per la prima volta dall’incidente nel Golfo del Messico del 2010. Il numero uno, l’amministratore delegato Bob Dudley, ha tagliato le spese di miliardi di dollari, licenziato migliaia di dipendenti e rimandato progetti al fine di proteggere il bilancio dell’azienda.

Da segnalare che, nel corso del quarto trimestre, il contratto Brent si attestava in media a $44,60, a un valore inferiore -42% rispetto al quarto trimestre dell’anno precedente, e al minimo dal 2004.

Utili BP crollano -91%, effetto petrolio. Valore mercato scende sotto $100 miliardi | Wall Street Italia



XOM Stock | Exxon Mobil Corporation (XOM) Flagged As Today's Pre-Market Laggard - TheStreet
 
Wed Feb 3, 2016 5:46pm EST

U.S. stocks staged a late-day rally on Wednesday as an 8-percent jump in oil prices lifted beaten-down energy shares and financials rebounded.

The Nasdaq stayed weaker but ended well off the day's lows.

Oil prices LCOc1 CLc1 snapped a two-day rout as investors took advantage of a weaker U.S. dollar. Comments by Russia's foreign minister reignited hopes of a deal among oil producers to trim output. The energy index .SPNY jumped 4 percent.

"What (markets) are keying off of is the move in commodities and in the dollar," said Walter Todd, chief investment officer at Greenwood Capital Associates in Greenwood, South Carolina. "That is driving the rotation in the equity market out of momentum names into commodity-based names."

Alphabet (GOOGL.O) shares tumbled 4 percent to $749.38 and the company moved back below Apple (AAPL.O) in market capitalization. Apple, the world's most valuable company, rose 2 percent at $96.35.

Alphabet's selloff may be a combination of broad-based weakness in tech stocks that are trading at high valuations and the departure of Amit Singhal as senior vice president of the company's search business, said Kevin Kelly, chief investment officer for Recon Capital Partners.

"That was a little surprising, especially this close after earnings," he said, referring to Singhal's departure.

The Dow Jones industrial average .DJI ended up 183.12 points, or 1.13 percent, to 16,336.66, the S&P 500 .SPX gained 9.5 points, or 0.5 percent, to 1,912.53 and the Nasdaq Composite .IXIC dropped 12.71 points, or 0.28 percent, to 4,504.24.

Other high-flying tech names that fell on Wednesday included Amazon (AMZN.O), down 3.8 percent at $531.07.

The dollar's .DXY decline may have eased worries about the impact of dollar strength on U.S. multinationals' earnings. Shares of 3M Co. (MMM.N), up 3.1 percent at $152.52, led gains in the Dow.

The S&P materials .SPLRCM was up 3.3 percent, the day's second-best performing sector. The S&P financial index .SPSY ended down just 0.1 percent after hitting its lowest in more than two years.

Stocks' late-day rally reversed sharp losses in morning trading. U.S. data showed the economy's service sector expanded at a slower-than-expected rate, raising concerns that weakness in manufacturing was spreading to other areas of the economy.

In other economic news, ADP data showed private employers added more jobs than expected in January. The data comes ahead of the government's more comprehensive employment report on Friday.

...

Dow, S&P 500 rally with energy; Alphabet drops | Reuters


Dollar dives, helping boost oil; Dow, S&P gain | Reuters


https://translate.google.it/
 
By THE ASSOCIATED PRESS FEB. 22, 2016, 12:36 P.M. E.S.T.

NEW YORK — Stocks are jumping Monday as the price of oil surges, lifting energy stocks as well as mining and chemicals companies. The stock market is coming off its best week of the year and has recovered its losses from earlier in the month.

KEEPING SCORE: The Dow Jones industrial average jumped 266 points, or 1.6 percent, to 16,658 as of 1:50 p.m. Eastern time. The Standard & Poor's 500 index rose 29 points, or 1.5 percent, to 1,946. The Nasdaq composite advanced 71 points, or 1.6 percent, to 4,575. The Dow and S&P 500 are still down more than 4 percent this year.

ENERGY: Benchmark U.S. crude climbed $2.11, or 7.1 percent, to $31.75 a barrel in New York. Brent crude, which is used to price international oils, rose $1.70, or 5.1 percent, to $34.71 a barrel in London. The price of wholesale gasoline increased almost 6 percent and heating oil rose 3 percent.

Chevron gained $2.88, or 3.3 percent, to $89.38 and Marathon Oil added 62 cents, or 9.2 percent, to $7.35.

U.S. oil prices have risen about 20 percent since Feb. 11. Still, oil prices have dropped 70 percent since the middle of 2014 as global stockpiles have built up and up. The International Energy Agency said Monday that it doesn't expect oil prices to recover significantly until 2017.

MATERIALS STOCKS: Chemicals and mining companies also rose as investors interpreted the increased price of oil as a sign the global economy is solid. Alcoa rose 99 cents, or 12.5 percent, to $8.86, putting the stock on pace for its biggest one-day gain in almost seven years. Freeport-McMoran added 90 cents, or 13 percent, to $7.82. Freeport-McMoran, a copper producer and oil company, has nearly doubled in value since mid-January. Dow Chemical rose 97 cents, or 2 percent, to $48.05.

AMAZON STRONG: Consumer stocks made large gains. The biggest went to e-commerce company Amazon, which said Monday that shoppers who are not members of its Prime loyalty program will have to make larger orders to get free shipping. The move could push more shoppers to sign up for a $99-a-year Prime membership. Its stock climbed $22.70, or 4.2 percent, to $557.60.

Starbucks, too, rose after making changes to its customer rewards program. The coffee chain said shoppers who spend less money won't get as many freebies. Its stock added $1.10, or 1.9 percent, to $58.77.

Automakers rose, as Ford added 35 cents, or 2.9 percent, to $12.45 and General Motors picked up 61 cents, or 2.1 percent, to $29.39.

TIMBER: Lumber Liquidators plunged $2.33, or 16.4 percent, to $11.88 after the U.S. government said people exposed to some types of its laminate flooring were three times as likely to get cancer as it had originally predicted. The Centers for Disease Control and Prevention now says the risk of cancer is six to 30 cases per 100,000 people. It previously estimated two to nine cases per 100,000 people.

Lumber Liquidators has plunged 80 percent over the last year after CBS's news show "60 Minutes" reported that those floors contain high levels of the carcinogen formaldehyde.


EUROPE: European stocks rose as investors hoped for more steps to stimulate the European Union economy. This week, finance ministers from the Group of 20 major rich and developing economies will meet, and they could take new steps to shore up global growth.

Germany's DAX gained 2 percent and France's CAC-40 added 1.8 percent. Britain's FTSE 100 rose 1.5 percent.

THEY GO TOGETHER: "Stock market prices and oil prices have been tracking each other like a shadow through the first part of the year," said Michael Scanlon, managing director and portfolio manager for John Hancock Asset Management.

Scanlon said that usually doesn't happen for long stretches. He said the market is rising and falling with oil prices because when prices go down, investors get tend to get concerned about the health of the global economy, and when oil prices rise, they are reassured.

DATA CENTER DEAL: Data center operator Equinix will buy European competitor TelecityGroup for $3.3 billion. Equinix has more than 100 data centers in 15 countries, and will gain TelecityGroup's 39 facilities in 11 European countries. Equinix stock added $4.05, or 1.4 percent, to $303.42.

EAT UP: Food service company Sysco Corp. said it will buy Europe's Brakes Group for $3.1 billion. Last year Sysco gave up on an effort to buy U.S. Foods for $3.35 billion after the Federal Trade Commission opposed the deal. Sysco gave up $2.91, or 6.5 percent, to $42.08.

INSURERS RISE: Health insurers UnitedHealth and Humana climbed after the government released a policy update for a key type of plan. According to analysts, the Centers for Medicare and Medicaid Services will raise Medicare Advantage plan rates by about 3.5 percent.

Medicare Advantage plans are privately-run versions of the government's Medicare program for people who are over 65 or disabled. They offer basic Medicare coverage along with extras like vision or dental coverage or lower premiums.

UnitedHealth stock gained $3.36, or 2.9 percent, to $121.04 and Humana gained $4.95, or 3 percent, to $170.29.

HEALTHY QUARTER: Botox maker Allergan climbed after its quarterly results surpassed Wall Street projections. The stock rose $7.26, or 2.6 percent, to $283.01.

...

http://www.nytimes.com/aponline/2016/02/22/world/asia/ap-financial-markets.html?_r=0
 
Ultima modifica:
l'etf a replica sintetica oggetto di questo thread dal giorno 15 aprile verrà fuso con l'equivalente etf a replica fisica


db x-trackers MSCI WORLD ENERGY INDEX UCITS ETF

db x-trackers MSCI WORLD ENERGY INDEX UCITS ETF (DR)


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come funziona la fusione degli etf db in concept fund solutions...? si tratta di un 'altra società sempre di db? non vorrei avere sorprese se accetto la fusione e volessi vendere dopo....grazie
 
ed ecco il nuovo fondo


DB X-TRA MSCI WLD ENERGY UCITS ETF DR IE00BM67HM91


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ETF MSCI world energy trasformato in DBX...?

Cosa è successo all'ETF MSCI world energy?
Ne avevo 1000 in portafoglio e me ne ritrovo 985,174 con il nome di DBX MSCI world energy e un addebito di 15,49 euro...

Chi mi può dare spiegazioni?
 
Avranno incorporato dei fondi è successo anche con il LU0540890223 DB-X tracker msci world Healthcare http://www.borsaitaliana.it/etf/notiziedettaglio/fusione10etfdidbmsciworld.pdf che non esiste più al suo posto IE00BM67HK77 con pro quote maggiori e un addebito di 14,00€ in c/c

Non ci possiamo fare nulla vedrai che ti mandano una comunicazione che il fondo è stato prima spostato su extra e poi delistato, o se vuoi chiamarlo” incorporato”
 
Sarfaraz Khan on May 05, 2016

...

Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), the two leading US oil companies, have recently reported one of their worst quarterly results in years. Both have seen their revenues, earnings and cash flows plunge as oil prices dipped to their lowest levels in more than 10 years. The two companies, however, have moved to allay investor concerns regarding dividends. Are dividends really safe? For this, we’ll need to dig a little deeper.

To say Exxon Mobil’s latest quarterly results were bad would be an understatement. The company reported 28% decline in revenues to $48.71 billion while earnings slumped 63% to $1.81 billion. That’s the lowest quarterly profit since the 1999 merger between Exxon and Mobil which gave birth to the oil giant. The company’s upstream or exploration and production business, which managed to remain profitable throughout the downturn, swung to a rare loss of $76 million from a profit of $2.86 billion a year earlier.

Chevron, on the other hand, wasn’t profitable at all. The company’s earnings slipped from a profit of $2.6 billion a year to a loss of $725 million as its upstream business reported a massive loss of $1.46 billion compared to a profit of $1.56 billion seen last year. That was the first Q1 loss for Chevron in two-and-a-half decades.

Not surprisingly, the biggest culprit was oil prices. Prices of both international Brent and US WTI crude reached more than decade lows in the first two months of this year. Consequently, Brent and WTI averaged less than $34 a barrel in the first quarter, according to Chevron, down from almost $54 for Brent and $48.60 for WTI in the same period last year. On top of this, the oil majors also witnessed weak refining margins, due in large part to weak demand for refined products, which hurt the profits of their downstream businesses.

The tough business environment has already forced a number of major oil producers, such as ConocoPhillips (NYSE:COP), to slash dividends. But Exxon Mobil and Chevron have stuck with their payout policies. In fact, Exxon Mobil has recently increased the dividend by 3%, just a day after the oil producer lost its coveted AAA credit rating from the S&P while reminding investors that it has been consistently growing dividends for the last 34 years. The stock currently yields 3.4%.

Chevron, on the other hand, did not increase dividends, but during the most recent conference call, the company’s management repeatedly said that “sustaining and growing the dividend is still the first priority from a cash use standpoint.” Chevron’s CFO Patricia Yarrington also talked about the company’s “28-year record of consecutive annual per share payment increases” while discussing the latest quarterly results. Chevron offers a yield of 4.2%.

While looking in the rear-view mirror, with the dismal first quarter performance, it appears that Exxon Mobil and Chevron may find it difficult to sustain or grow dividends in the future. However, the outlook on oil has improved substantially since the first three months of this year. The Brent and WTI oil prices are currently hovering in the mid-$40s – that shows a gain of more than 30% from the first quarter average and an increase of more than 60% from first quarter’s bottom of under $27 a barrel. And these gains are based in part on the improvement in demand-supply fundamentals, which means that they might be sustainable.

Oil demand isn’t growing as fast as we would like, but a growth rate of 1.2 million barrels a day for the current year, according to the International Energy Agency’s latest estimate, is still higher than the average of around 1 million barrels a day seen during the ten years ending 2013. On the supply side, the global oil flows are positioned to decline this year as compared to last year. The US production peaked last year and recently went below 9 million barrels a day. Saudi Arabia’s oil production also peaked last year at a little less than 10.6 million barrels a day in July. Russia, the world’s leading crude producer, has been holding its output steady at around 10.9 million barrels a day since January. Iran is the only nation that is meaningfully growing oil production, which could partly make up for the decline in global oil output.

If oil finds support at mid-$40s and gradually moves to $50s by the end of this year, then that is going to lift Exxon Mobil and Chevron’s cash flows. Remember, Exxon Mobil and Chevron do not hedge as a rule, so a strengthening crude oil price environment can immediately increase their cash flows. In this scenario, the first quarter could turn out to be the bottom of this oil cycle. However, astute investors should be prepared for other scenarios as well.

While it appears that oil prices are positioned to gradually climb to the $50s, there are still a number of known unknowns that could derail this rally. Firstly, there are record quantities of crude stored all over the world, including at the US storage hub at Cushing, Oklahoma where stockpiles are at their highest level in more than eight decades. Nobody is sure exactly how the storage overhang is going to play out. Secondly, it remains unclear whether Iran can completely offset the impact of decline in production from other regions, which could result in an increase in the total global output. That could exacerbate the supply glut. Thirdly, US producers could ramp up drilling activity in response to higher oil prices, resulting in an improvement in US crude output. These factors could potentially wipe out crude's recent gains, pushing oil back into the $30s. And that’s going to be bad news for Exxon Mobil and Chevron.

Remember, so far, in the ongoing downturn, both companies have failed to fully find their capital expenditure and dividends from internally generating cash flows. In the previous quarter, Chevron generated just $1.1 billion as operating cash flows while it spent $5.6 billion in capital expenditure (cash capex) and $2 billion on dividends. Similarly, Exxon Mobil reported $4.8 billion of operating cash flows, but spent $5.1 billion as capital expenditure and $3.1 billion in dividends. Clearly, both witnessed a massive cash flow shortfall of billions of dollars.

If oil prices fall back again, then Exxon Mobil and Chevron will continue to report significant cash flow deficits. Exxon Mobil, for instance, plans to spend $23.5 billion on capital expenditure this year and, on an annualized basis, could spend $12.4 billion on dividends this year. This translates into cash outflows of $35.9 billion. On the other hand, in a weak oil price environment, the company’s cash flow from operations will likely decline from last year’s $30.3 billion. If they drop by, say 40%, then the company will fund 77% of its capital expenditure from internally generated cash flows while the remaining 23% and all of the dividends will be powered by asset sales and borrowings. The situation looks worse for Chevron. If its cash flows also drop by 40% this year, then it will be able to fund less than half of its capital expenditure, even if it spends at the low end of its guidance of between $25 billion and $28 billion.

No company can continue rewarding shareholders with dividends amid mounting cash flow deficits. Eventually, Exxon Mobil and Chevron will be forced to reduce their cash outflows by cutting back on capital spending, payouts, or both.

Conclusion

Exxon Mobil and Chevron have recently reported one of their worst quarterly results, thanks in large part to weakness in oil prices. The two however, have stuck with their payout policies, with Exxon Mobil growing dividends while Chevron promising that dividend remains a top priority. With the improvement in oil outlook, powered mainly by demand-supply fundamentals, it appears that Exxon Mobil and Chevron are positioned to continue rewarding shareholders with dividends. But remember, oil could fall back to $30s, and if it does, the two oil majors will face mounting cash flow deficits. Without any support from oil prices, the two could be forced to change dividend policies. In short, although the outlook appears to have improved, we are not out of the woods yet. Therefore, investors should stay cautious.


Exxon Mobil Corporation (NYSE:XOM) And Chevron: About Those Dividends


http://www.systranet.com/it/translate


http://www.bing.com/translator/?cc=it
 
Financial Times: mai così basso da 60 anni lo sviluppo dei nuovi giacimenti di petrolio (Di martedì 10 maggio 2016) Lo sviluppo globale dei nuovi giacimenti petroliferi è sceso ai minimi di 60 anni fa: questo fatto indica un potenziale calo dell’offerta nei prossimi 10 anni, scrive il “Financial Times”. Secondo lo studio della società di consulenza IHS, nel 2015 sono stati scoperti 2,8 miliardi di petrolio greggio. E’ il valore minimo annuo dal 1954:

Financial Times | mai cosi basso da 6 anni lo sviluppo dei nuovi giacimenti di petrolio


Dana Lyons' Tumblr — Big Test For Oil Stock Rally


http://www.reuters.com/article/us-global-oil-idUSKCN0Y1026
 
Il petrolio vola grazie all’OPEC, a settembre +7,9% | Borsainside.com

1 ottobre 2016 - 14:09

...

Il WTI ed il Brent hanno guadagnato la scorsa settimana rispettivamente l’8,5% ed il 6,9%. Mercoledì l’OPEC ha raggiunto, alla riunione informale di Algeri, un accordo preliminare per limitare la produzione per la prima volta da otto anni. La notizia ha spiazzato i mercati, scatenando una pioggia d’acquisti sul petrolio. Prima della riunione l’Arabia Saudita e l’Iran avevano infatti segnalato che un accordo era improbabile.

L’OPEC, che produce attualmente circa 33,2 milioni di barili al giorno, vuole mettere un tetto alla sua produzione tra 32,5 e 33 milioni di barili al giorno nel 2017. Non è molto, ma si tratta di un importante segnale verso la concorrenza, soprattutto quella da parte dei produttori russi e statunitensi, che hanno finora beneficiato delle divergenze all’interno del cartello. L’OPEC ha voluto mostrare unità e di essere ancora in grado di esercitare il suo potere di mercato.

Per entrare in vigore il patto stretto ad Algeri dovrà essere ratificato dai singoli membri alla riunione ufficiale dell’OPEC in programma il prossimo 30 novembre a Vienna. Molti esperti del settore hanno espresso scetticismo sul suo successo. In effetti l’accordo non include la Nigeria, l’Iran e la Libia. L’Iraq non accetta inoltre le stime dell’OPEC sui suoi livelli di produzione.

Bank of America Merrill Lynch ha osservato che i tagli alla produzione previsti dall’OPEC avranno bisogno di almeno sei mesi di tempo per aver un impatto sul mercato petrolifero.

Goldman Sachs ha avvertito da parte sua che se l’accordo dovesse essere rigorosamente attuato, sarebbe controproducente nel medio termine perché il conseguente aumento dei prezzi dovrebbe spingere le attività di perforazione attorno al globo.

La recente ripresa delle quotazioni sta avendo già un impatto sull’industria statunitense del petrolio. Ieri Baker Hughes (US0572241075) ha comunicato che il numero di impianti di trivellazione di greggio è aumentato negli Stati Uniti di 7 unità a 425 unità. Si è trattato del tredicesimo aumento nelle ultime quattordici settimane.

Il balzo del Brent e del WTI ha messo la scorsa settimana le ali ai titoli azionari delle compagnie petrolifere. L’indice settoriale NYSE Arca Oil Index è salito nelle ultime cinque sedute del 4,4%, mentre l’S&P 500 ha guadagnato solo lo 0,2%. Tra i grandi produttori statunitensi Exxon Mobil (US30231G1022) ha guadagnato il 4,6%, Chevron (US1667641005) il 3,7% e ConocoPhillips (US20825C1045) l’8,8%.

Redazione Borsainside
©



Oil Climbs Most in Five Months as OPEC Agrees to Deal Outlines - Bloomberg
 
E' difficile prevedere il futuro, ma negli ultimi 3 anni l'indice msci world energy ha avuto uno sharp ratio di 0,9 e in questo momento offre un dividend yield del 3,6% e P/B 1,9.

https://www.msci.com/documents/10199/de6dfd90-3fcd-42f0-aaf9-4b3565462b5a

Quello che non tutti ricordano è che questo credo sia il settore meno correlato con msci world, assieme alle utilities. E storicamente è stato difensivo nei momenti di calo dei mercati. Ad esempio questo è un confronto sul mercato americano, dove però la situazione strutturale è cambiata perché gli Usa da paese importatore è diventato un paese esportatore di energia. La natura difensiva del settore si è confermata anche nel 2022.

1714188286157.png


Energy Stocks:A Surprising Defensive Play?

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Energy Sector Stocks: Is Now the Time to Invest? | U.S. Bank

In conclusione questo settore ha un alto inflation beta, una alta volatilità, un rendimento reale positivo ma che è stato inferiore rispetto al mercato globale. Ha delle caratteristiche positive per diversificare il portafoglio e per ribilanciare nei momenti topici.
 
Le compagnie petrolifere faranno ancora soldi perché diminuiranno i volumi di petrolio per fare carburanti ma aumenteranno quelli di gas per fare corrente. Paradossalmente in un Paese come la Cina dove ormai si vendono solo macchine elettriche continueranno a bruciare carbone per molti anni.
 
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