Geopolitics Alpha

North America rig numbers dip

Published . Updated .

Key takeaways

  • A 1-rig increase in the US helped offset a 3-rig loss in Canada.
  • Exposed: OIH, SLB, HAL, BKR, NOA
  • Market reaction: OIH +2.6% on the day; SLB +0.5% on the day; BKR +3.6% on the day

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North America rig numbers dip

A 1-rig increase in the US helped offset a 3-rig loss in Canada.

Directly affected

  • No company is named in this report.

Indirectly affected

  • OIH VanEck Oil Services ETF+3.1% 30d

    VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story.

  • EWC iShares MSCI Canada ETF+0.9% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).

  • SLB Slb N.V-3.7% 30d

    Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

  • HAL Halliburton+1.2% 30d

    Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

  • BKR Baker Hughes-20.1% 30d

    Baker Hughes (oil and gas field machinery and equipment): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

  • PBA Pembina Pipeline+10.6% 30d

    Pembina Pipeline (oil and gas field exploration services, with business in Canada): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
OIH+18.45%+10.80%base+2.59%after closeafter closeafter close
EWC+0.74%+0.06%base-0.35%after closeafter closeafter close
SLB+8.25%+5.02%base+0.53%after closeafter closeafter close
HAL+13.31%+6.70%base-0.28%after closeafter closeafter close
BKR+19.57%+14.28%base+3.62%after closeafter closeafter close
PBA+7.78%+3.76%base+1.36%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

North America rig numbers dip Oil & Gas Journal

Source: Oil & Gas Journal

How Vaneck Vectors Etf (OIH) moved across the last 8 energy stories

Those 8 earlier stories put Vaneck Vectors Etf (OIH) at an average move of -9.75% the next day. Largest gain -9.75%, largest drop -9.75%, from 1 prices.

CompanyWhenAverageLargest gainLargest dropPrices
Vaneck Vectors Etf (OIH)the next day-9.75%-9.75%-9.75%1
Slb (SLB)the next day-3.41%-3.18%-4.78%7
Halliburton (HAL)the next day-4.88%-3.49%-6.28%2
Baker Hughes (BKR)the next day-8.27%-4.04%-12.49%2

How far Vaneck Vectors Etf (OIH) has moved since 6 Nov 2026

CompanyWhenMoveStatus
Baker Hughes (BKR)that day+3.62%final price
Baker Hughes (BKR)three days earlier+14.28%final price
Baker Hughes (BKR)five days earlier+19.57%final price
EWCthat day-0.35%final price
EWCthree days earlier+0.06%final price
EWCfive days earlier+0.74%final price
Halliburton (HAL)that day-0.28%final price
Halliburton (HAL)three days earlier+6.70%final price
Halliburton (HAL)five days earlier+13.31%final price
Vaneck Vectors Etf (OIH)that day+2.59%final price
Vaneck Vectors Etf (OIH)three days earlier+10.80%final price
Vaneck Vectors Etf (OIH)five days earlier+18.45%final price
PBAthat day+1.36%final price
PBAthree days earlier+3.76%final price
PBAfive days earlier+7.78%final price
Slb (SLB)that day+0.53%final price
Slb (SLB)three days earlier+5.02%final price
Slb (SLB)five days earlier+8.25%final price

Congressional trades in Vaneck Vectors Etf (OIH) around 6 Nov 2026

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “North America rig numbers dip”

Companies carried with this story

  • OIH Vaneck Vectors Etf

    For “North America rig numbers dip,” Vaneck Vectors Etf (OIH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story

  • SLB Slb

    In “North America rig numbers dip,” Slb (SLB) is linked, with no stored direction, medium confidence. Reason on file: Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

  • HAL Halliburton

    Halliburton (HAL) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “North America rig numbers dip.” Reason on file: Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

  • BKR Baker Hughes

    In “North America rig numbers dip,” Baker Hughes (BKR) is linked, with no stored direction, medium confidence. Reason on file: Baker Hughes (oil and gas field machinery and equipment): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

  • NOA North American Construction Group

    For “North America rig numbers dip,” North American Construction Group (NOA) is linked, with no stored direction, medium confidence. Reason on file: North American Construction Group (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

How energy news reaches Vaneck Vectors Etf (OIH)

“North America rig numbers dip” (6 Nov 2026) reaches Vaneck Vectors Etf (OIH) through Energy.

What ties Vaneck Vectors Etf (OIH) to the headline is this: VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story

Slb (SLB) is here too. Its reason reads: Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

What this energy story puts on the calendar

HAL traded between 31.86 and 36.53 across 20 sessions. The latest close on file is 31.93. OIH traded between 367.58 and 412.72 across 20 sessions. The latest close on file is 409.20. SLB traded between 47.17 and 54.38 across 20 sessions. The latest close on file is 49.65.

How solid the energy case looks

40 out of 100

“North America rig numbers dip” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.