OIH
Canopius US Holdings, Inc.
US
Research · Apr 9, 2026
OIH Surges 4.2% on Trump-Iran Escalation — Is a Lasting Oil Rally Starting?
Trump's April 7 'die tonight' threat to Iran fueled a 4.2% OIH surge while SPY and QQQ fell, highlighting a risk-off shift to oil services amid geopolitical flare-up. OIH's cheap 14x P/E positions it for gains if tensions hold, versus overvalued broad indices. Bullish OIH, cautious on SPY/QQQ with key catalysts ahead.
Research · Apr 9, 2026
Strait of Hormuz Reopening: Is XLE's 12% Rally Already Priced In — or Is OIH Next?
Bloomberg's April 8 note flags markets pricing a Strait of Hormuz reopening, stabilizing XLE at $61 after a 12% March rally. Oil services via OIH remain bullish on lingering risks, with HAL and SLB showing strong YTD gains and undervalued multiples. Watch shipping flows and Q1 earnings for next moves.