One day doesn’t make a trend. However, given the frenzied nature of the market and the quick to capitulate nature of the bears, here is a short list of oil stocks that have been beaten down to a pile of feces that might explode to the upside.
3 MO RETURNS
Micro Cap Ideas
SN -76%
CRK -74%
KEG -80%
BAS -76%
Mid Cap Ideas
EMES -65%
OAS -73%
WLL -66%
SLCA -64%
Large Cap Ideas
HAL -42%
WFT -53%
OXY -20%
CLR -56%
Naturally, the night is young and this move is very small, now up 65 cents. However, we opened down nearly $2 per barrel and have been rallying ever since. We’re overdue for a rally here, God damn it.
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Amen.
Sounds good, but why are international markets trading lower yet? WTF, don’t they know Santa is in the building?
in case zombie didn’t beat me on first comment….FIG!
I’m hoping for a weak open, gap down, and then up from there. Gap up and traders will short for a fade off as has happened for months now. We need weakness in the AM and morning emotion to shake out longs who took it in the ass last week.
Good evening Mein Fly
No we don’t. We could have an up open, then down, then up.
“We’re overdue for a rally here, God damn it.” Well said, Doc Fly. Works on a couple levels.
The $40 call this weekend must be disputed and defeated by higher prices. Everyone seems to have missed the memo on energy both oil and nat gas being part of the American Dream now. We have an actual industry that was thriving. High gasoline prices are proof of good times. Seriously.
2075 is The Top
I don’t care. How many times.
I am wrong.
The thesis is right
The thesis will be right
2075
is
the
top
Futures already rounding out a top. Wouldn’t be surprised to see a flat open.
GTE is always overlooked as an oil play but they have 300 million in cash and no debt but it never seems to go anywhere.
the market is now serving cosby coffee. drink up fuckers.
so le fly is back to being a man of earl
stocks will close red again today. dont worry
I’ll take the other side of that bet. In non-oil equities.
HAL is the ultimate stock for 2016 GOP victory
when the oil service names pop, PWR will also pop. As it services the gas and oil pipelines, as well as the fiber optic and electrical power power infrastructure plays. baby in the bathwater…
Nothing goes in a straight line. Man I wish I had bet against oil when it first started declining. a Jan 70 contract used to be .1 in July I believe.