iBankCoin
Joined Jan 27, 2008
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High Volume – Oil & Gas

***Updated Projected Path***

Gustav has brought a buying frenzy to energy related names. Let’s take a look at high volume movers:

Oil & Gas Equipment and Services

  1. Halliburton Company [[HAL]]
  2. Schlumberger Limited [[SLB]]
  3. Baker Hughes Incorporated [[BHI]]
  4. Weatherford International Ltd. [[WFT]]
  5. National-Oilwell Varco, Inc. [[NOV]]

Oil & Gas Drilling and Exploration

  1. Petroleo Brasileiro SA (ADR) [[PBR]]
  2. Patterson-UTI Energy, Inc. [[PTEN]]
  3. Nabors Industries Ltd. [[NBR]]
  4. Transocean Inc. [[RIG]]
  5. SandRidge Energy Inc. [[SD]]

Independent Oil & Gas

  1. Chesapeake Energy Corporation [[CHK]]
  2. XTO Energy Inc. [[XTO]]
  3. Anadarko Petroleum Corporation [[APC]]
  4. Petrohawk Energy Corporation [[HK]]
  5. EOG Resources, Inc. [[EOG]]
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7 comments

  1. RaginCajun

    Note: I’m up to my eyeballs in oil & gas. I’ve been buying every dip.

    Here’s my list so far:

    (all call options) CHK, NOV, HK, SLB, NBR

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  2. sniper6

    You should be able to bank nicely from that. Thanks for sharing. I’m with you on CHK and HK, in DIG, hedged with a bit of DUG. Also holding a semi retarded short in ACI, as a hedge on the larger energy sector. Good luck.

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  3. boca

    long CHK, NOV and just got a few USO calls for a trade.

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  4. RaginCajun

    Update:

    Projected path up top.

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  5. RaginCajun

    Note: I gassed up this morning, me and the wifey’s car.

    I have an uncanny sense when it comes to hurricanes, this one is going to be a beast.

    Give me more NOV.

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  6. boca

    My intuition is giving me the same “feeling” Ragin, you two be careful, Gulf area could get hit hard with this one.

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  7. Ray The Money Man

    I have questioned my going into the down turn in energy over weight Oil stocks. But I felt better about it after reading that Heebner is 44% in Oil and Energy and down so far this year and adding to his positions. I will continue to do the same. We are all in good company. I agree ….. buy NOV!

    http://stock-market-club.blogspot.com

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