Market Vectors Oil Services ETF
Higher energy prices and rising demand are quickly becoming a win-win for energy services stocks. Providing the equipment and technological know-how needed to extract oil and gas from harsh environments such as the vast oil sands in Alberta or in the ultra-deep water fields off the coast of Africa, the oil services companies are poised to benefit on a variety of fronts.
And since the Market Vectors Oil Services ETF (NYSE:OIH) went through its “rebirth” from the defunct HOLDRs to a Van Eck fund back in December of 2011, investors can play that opportunity quite nicely.
The ETF tracks 26 of the largest U.S.-listed oil services companies including Halliburton (NYSE:HAL) and Schlumberger … all for around 0.35% in annual expenses. While it is a focused mix of firms, it does provide enough “oomph” across the entire realm of oil services from the drill-bit to your gas tank.