Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) Dividend History

Company News

• Oil And Gas Stocks Tank With Record Supply Fueling Sector Sell Off: This Inverse ETF (DRIP) Offers A 200% Return

  Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares (ARCA: DRIP) was rising about 4.5% Tuesday after data released by the Bureau of Labor Statistics showed the Consumer Price Index (CPI) eased to an annual rate of 3.1% in November, which matched expectations. Last week, OPEC+ nations agreed on new oil cuts amid oil production in the U.S. reaching record levels and supply outpacing demand. Despite the news, the United States Oil Fund (ARCA: USO) fell to a five-month low the following day on Dec. 7, throwing the sector into a bear market. Must Read: Crude Conundrum: US Oil Production Hits Record Levels, But Energy Stocks Aren't Pumping Trending: Tesla Spinning Its Wheels: Snow-Challenged Cybertruck Gets Rescued By Rival Pickup Analysts have recently turned bearish on the sector, with Morgan Stanley analyst Devin McDermott downgrading Marathon Oil Corporation Corp (NYSE: MRO) from Overweight to Equal Weight on Monday and dropping a price target from $27 to $25. On Friday, JP Morgan analyst John Royall ...Full story available on Benzinga.com

  Benzinga

  Featured Companies: GUSH OXY XOM
• Inverse Energy ETFs Rise Amid Steep Decline in Oil

  Oil prices are on their longest weekly losing streak since 2018, leading to a surge in inverse or inverse-leveraged energy ETFs.

  Zacks Investment Research

  Featured Companies: DUG ERY
• Oil And Gas Prices Fall As Production Floods The Market: This 2X Leveraged ETF Tracks The Sector To The Downside

  Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares (ARCA: DRIP) was rising about 2.5% Monday ahead of Thursday’s OPEC+ oil policy meeting, which was originally scheduled to take place on Sunday. Traders and investors appear to be expecting that even if cuts are announced, little will change because the current supply is high. On Nov. 20, Stifel analyst Derrick Whitfield maintained a Buy rating on Marathon Oil Corporation Corp (NYSE: MRO) and dropped a price target from $40 to $39. On Nov. 14, Mizuho analyst Nitin Kumar maintained a Buy rating on Exxon Mobil Corp (NYSE: XOM) and lowered the price target from $139 to $133. DRIP is an inverse double-leveraged fund designed to track companies held in the S&P Oil & ...Full story available on Benzinga.com

  Benzinga

  Featured Companies: GUSH OXY XOM
• Oil Prices Rise As Concerns Over Supply Grow Amid Middle East Unrest: This Fund Offers 2X Leverage To Play The Sector Bullishly

  Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (ARCA: GUSH) was rising about 0.8% higher on Monday, continuing its rally amid increased geopolitical conflict, which caused International Monetary Fund Managing Director Kristalina Georgieva to express concerns over. Instability in the Middle East, an area responsible for roughly one-third of global oil production, could disrupt supplies, causing prices to surge, which is bullish for GUSH. On Oct. 12, Benchmark analyst Subash Chandra maintained a Buy rating on Marathon Oil Corporation Corp (NYSE: MRO) and dropped a price target from $32 to $28. On the same day, several analysts maintained bullish ratings on Exxon Mobil Corp (NYSE: XOM) with two analysts raising their price targets. GUSH is a double-leveraged fund designed to ...Full story available on Benzinga.com

  Benzinga

  Featured Companies: GUSH OXY XOM
• Opportunity Today Is In Energy, Especially Oil And Gas - Chris DeMuth Jr.

  Chris DeMuth Jr. talks investing in 2023, the current state of the market and why he likes the energy sector, especially oil and gas.

  Seeking Alpha

  Featured Companies: BNO BOIL DBO FCG GUSH KOLD UCO UNG UNL USL USO USOI XLE