"American natural gas production growth is essentially useless at this particular point in time since you can't make any profit on North American natural gas, " EOG Resources Inc.

WSJ: Natural Gas Drops Below $3

Among the largest underlying components of IYE, in trading today ConocoPhillips ( NYSE: COP) is up about 1.4%, Anadarko Petroleum Corp ( NYSE: APC) is up about 0.9%, and EOG Resources, Inc. ( NYSE: EOG) is higher by about 0.9%.

FORBES: IYE, COP, APC, EOG: Large Inflows Detected at ETF

Among the largest underlying components of XLE, in trading today Occidental Petroleum Corp ( NYSE: OXY) is down about 1.5%, ConocoPhillips ( NYSE: COP) is down about 1.4%, and EOG Resources, Inc. ( NYSE: EOG) is lower by about 2.3%.

FORBES: XLE, OXY, COP, EOG: Large Outflows Detected at ETF