✍Goldman Sachs Solves the Great Mystery Behind Oil Stocks

✍Goldman Sachs Solves the Great Mystery Behind Oil Stocks
✍Goldman Sachs Solves the Great Mystery Behind Oil Stocks
Oil prices up, oil stocks anything but up.  Odd? Not exactly explains Goldman Sachs. The investment bank points out in a new note (see charts below) the divergence in energy equities vs. the S&P 500 vs. oil futures remains at its widest in at least 17 years. Some top oil stocks continue to be, well, underground this year. Baker Hughes GE (BHGE) is down slightly on the year, Exxon Mobil (XOM) has shed 3.3% and Action Alerts PLUS holding Schlumberger (SLB) is lower by 4%.  As Goldman Sachs puts it…

✍Goldman Sachs Solves the Great Mystery Behind Oil Stocks