RSPG: This Energy Fund No Longer Offers An Attractive Entry Point (Rating Downgrade)
MROMarathon Oil(MRO) Seeking Alpha·2024-04-14 22:07

bjdlzx Thesis We wrote last August about the exchange traded Invesco S&P 500® Equal Weight Energy ETF (NYSEARCA:RSPG), touting it as an excellent choice to obtain a cross- sectional exposure to U.S. oil and gas, in an environment where tech was the favorite trade. Our original article highlighted how RSPG was unique in offering equal weight exposure to both large and mid-cap energy equities. The fund is substantially up since our 'Buy' rating: RSPG Rating (Author / SA) With a significant rally in oil and oi ...