Many oil names are trading higher despite lower crude this morning. I’m sure the $TLM deal is helping the cause, but many of the names are simply dealing with seller exhaustion. There are some trading below their 2009 lows, which is absurd. If you’re looking for one to play, make sure you check out the top ranked oil & gas plays HERE. That $OAS we talked about last last week is ripping off the lows.
The VIX is the leading the way to start the day as fear enters back into the marketplace thanks to Russia, it sure would have been nice to be long this $RUSS, up a cool $12 today. $OIH & $XLE are two of the leading ETF’s this morning, indeed energy is the place to be today. Here are some of the other leading industries:
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For those interested in viewing the runner screen this morning, CLICK HERE.
Tickers in focus inside our trading room, 12631, include: RIG, AKS, GPRO, HK, SN, GLUU, GOGO
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got a 1/2 position in $OAS with quarter entries at 13 and 11. handsome today. still waiting for capitulation with oil in mid 40s to make final purchases. i think this may still be just the bounce and not the bottom.
Agreed, and like how you are playing it.
Thanks RC. I’ve learned a lot from the guys here about position sizing and patience over the past year. I like the look of WLL, HK, GDP in that order.
Eying the WLL
Nice call on OAS
Any thoughts on SDRL?
might be worth a shot down here, like that CJES for a quickie as well.
OAS is the place to be and EOG
BAS up a cool 12% on the backs of a downgrade this morning.
DRILL BABY DRILL
Just a little google search trick. Say you want north dakota oil companies. You can search the yahoo finance profile pages (where they have company descriptions) with the search term :
north dakota oil site:http://finance.yahoo.com/q/pr?s=
Or if you want crowdfunding replace north dakota oil with crowdfunding.
link to the search https://www.google.com/?gws_rd=ssl#q=north+dakota+oil+site:http://finance.yahoo.com/q/pr%3Fs%3D&start=20
sometimes replacing
site:
with
inurl:
works better
https://www.google.com/?gws_rd=ssl#q=north+dakota+oil+inurl:http:%2F%2Ffinance.yahoo.com%2Fq%2Fpr%3Fs%3D
The only thing analysts are good for is to provide great buying opportunities
True dat
Ragin, you looking for WLL to follow OAS in a similar fashion higher?
Possible, yes, but only if oil prices can hold up. So far not impressed.