This is a sector I still feel comfortable placing new money. Many of the names have been shot, then, shot again. In my opinion, this will be the first sector we start to see major consolidation.
I think the best opportunity lies within the small & mid cap stocks. The last time we saw oil murdered, we witnessed the same thing, massive consolidation. Fortunes were made here in oil town, as companies with cash were able to snatch cheap cheap assets. I have no doubt we see the same thing again.
Those looking to hold stock longer than a few days, I strongly recommend building a position in your favorite name.
According to “The PPT” W&T Offshore, Inc. [[WTI]] is the top rated stock in the group. The stock has a market cap of less than 2 billion with a pristine balance sheet. Technicals are stating to turn in favor of the stock as it looks like it has formed a solid base. The stock has yet to take that famous “Goose-step” like many in the group just did this week.
If you’re looking for exposure in energy, look no further than W&T Offshore, Inc. [[WTI]] .
A sneak preview of The PPT beta:
Note: Techincial scores update every few minutes to reflect market conditions. At the moment, W&T Offshore, Inc. [[WTI]] is rated #1 in the sector.
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Update: Sample pictures of the PPT ovah here.
Nice pick, thanks.
PPT Beta looks excellent too.
Wow, that PPT shit looks sweet. IBD has nothing on you fuckers. Long live IBC!
-Phil
RC.I guess Im still shell shocked from this market and I took profit on NOV,MOS and JASO.Im hoping for a pullback to jump back in.
Still in NOV, love NOV till $40.
I was also out of JASO at 4.80 today.
my horse in the small/midcap oil and gas space is ATPG. they’ve got some debt, but they just sold off some asset for 75% of the total market cap, and they have plenty of other assets. i am looking forward to the PPT, so i can see your perspective on these stocks.
STE.
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It is VERY hard to buy a stock that has been up 4 days in a row in this market. I would only buy on weakness, not on breakouts.
did you see the earnings report and the response in yzc?
Sia – I agree with your statement but what stock are you referring to?
anybody have any explanations as to the options activity on HUM? fundies are good – why so many haters?
RC:
WTI looks good. I’m in at 18.24.