Investors have been lured by the strongest rally in O&G prices since 2009, with shale explorers emerging from the pandemic with record cash flows that they’ve pledged to give back to shareholders, rather than spend on growth.
NEW YORK: Money is flowing into exchange-traded funds (ETFs) focused on United States oil and gas (O&G) stocks at the highest rate in a decade, yet another sign of renewed investor interest in the shale industry.
Almost US$18bil (RM74.8bil) has poured into US energy-stock ETFs so far in 2021, more than in any of the previous 10 years and nearly triple the amount seen in the first half of 2020, according to data compiled by Bloomberg. Over 60% of this year’s inflow has been invested in funds that are heavily focused on fossil fuel companies.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
