At least that’s what the stocks are telling me.
Just take a look at a few names:
[[OIH]]
National-Oilwell Varco, Inc. [[NOV]]
Transocean Inc. [[RIG]]
Chesapeake Energy Corporation [[CHK]]
Petrohawk Energy Corporation [[HK]]
Petroleo Brasileiro SA (ADR) [[PBR]]
W&T Offshore, Inc. W&T Offshore, Inc. [[WTI]]
XTO Energy Inc. [[XTO]]
Valero Energy Corporation [[VLO]]
Halliburton Company [[HAL]]
WTF is going on? HAL at 15? If I had no exposure to the sector I would buy OIH @ 80 right here, right now.
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