Whether you are talking about powering your car, heating your house or even making plastics, the oil industry has a major impact on our daily lives. Often considered an oligopoly, a handful of major companies dominate the market share of our largest energy source. Due to their massive scale for operations and ability to deal globally, we created a Spector™ specifically focused on these “big oil” companies. For the foreseeable future our society will be dependent on this limited natural resource and these companies should profit from its use.
This Spector™ invests in the major integrated oil companies which should benefit from rising prices of oil.
Example Holdings: BP (BP), Exxon Mobil (XOM), Chevron (CVX)