Oil & Gas Exploration ETFs Surge on Chevron, Anadarko Deal
This article was originally published on ETFTrends.com.
Oil and gas exploration and production sector-specific exchange traded funds led the charge on Friday after Chevron (NYSE: CVX) announced a $33 billion cash and stock deal to acquire Anadarko Petroleum (NYSE: APC). Among the best performing non-leveraged ETFs of Friday, the VanEck Vectors Unconventional Oil & Gas ETF (NYSEArca: FRAK) jumped 6.4% and iShares [...]