The chart below shows the performance of exchange-listed foreign Oil and Natural Gas stocks year-to-date:
Click to enlarge
Data Source: BNY Mellon
Colombia’s Ecopetrol(EC) is the top performer this year with a return of about 32% so far.China’s CNOOC(CEO) and PetroChina(PTR) have also performed well with double-digit rises. Compared to these ADRs, Brazil’s Petrobras(PBR) has declined by about 22% YTD.
Disclosure: Long PBR