As the year winds up, I thought I would take a look at the sector performance for the oil and oil services names for 2010.
The exploration and production names like Chesapeake (NYSE:
CHK), Barnwell Industries, Inc. (AMEX:
BRN), Carrizo Oil & Gas, Inc. (NASDAQ:
CRZO) and Brigham Exploration Company (NASDAQ:
BEXP) rose 15% so far in 2010.
The integrated names, like Suncor (NYSE:
SU) rose 14.5% this year.
Oil equipment & services names rose the most this year, gaining 25%. This includes names like Schlumberger (NYSE:
SLB) and Flowserve (NYSE:
FLS).
Pipelines were the second best performing group in 2010, gaining 23% so far year to date. Enbridge Inc. (
USA) (NYSE:
ENB) is a prime example of the pipeline group.
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