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The XLE fund experienced a significant 59.39% rise in 2022, but has been slightly subdued this year. Despite this, there’s been a notable surge in capital investment in the oil and gas upstream sector. The sector has seen a 39% increase in capital investment, with projections indicating a leap to $640 billion by 2030.
TradeSmith’s analytical tools have identified lucrative energy stocks within XLE’s holdings. Remarkably, 81.25% of these stocks are classified in the Green Zone according to the Health Indicator system, suggesting they are currently in a favorable position for investors.
The analysis concludes by identifying five companies – Kinder Morgan Inc. (NYSE:NYSE:KMI), The Williams Companies Inc. (NYSE:NYSE:WMB), Chevron Corp. (NYSE:NYSE:CVX), ONEOK Inc. (NYSE:OKE), and Exxon Mobil Corp. (NYSE:NYSE:XOM) – characterized by their low Volatility Quotient (OTC:QTNTQ) (VQ) levels. This indicates these companies carry lower investment risk, which could be an attractive proposition for investors looking to enter or expand their positions in the energy sector.
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