Oil & Gas Transport Stocks: Out of Fuel?

S&P has a neutral outlook for oil-tanker outfits, but remains positive on gas pipeline companies. Among its top picks: El Paso and Williams

This week, the S&P 1500 Oil & Gas Storage & Transportation subindustry index was added to the high momentum list (see below), which consists of those S&P 1500 subindustry indexes that have trailing 12-month price performances that are in the top 10% of all subindustries in the "1500." Year to date through June 6, this subindustry index was up 9.5% vs. a 6.4% decline for the S&P 1500. During 2007, this subindustry rose 12.4% vs. a 3.6% advance for the "1500."

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