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Oil and Gas Energy: A Bifurcation
Oil and gas energy, there's a lot of different components to it. You've got the explorers and producers. On the flip side, you have your field services like Halliburton or SLB. That's held up a lot better than XLE which is dominated by Exxon mobile. So if one subgroup of the energy is starting to break down, it just tells me, "Just be careful"