I have just seen 3 stocks with this same chart in the oil sector. What are people waiting for? Profits? good luck the stock will be at 12 when that happens. The sector is moving up as the stock indexes show. This is a good time to buy as they hit the 50 day moving average. They look to be running to the 200 day .
OIL companies may be bought but the sector is not collapsing. If you use that argument for Detroit, banking, real estate and most of heavy industry you will see the value. OIL is needed at 50 or 100$ a barrel. It will be bought no matter the price. Most of these stocks have weathered many storms and this will pass. The futures are pointing up and the short side analyst are turning directions towards one to 18 month out valuations. Just the shorts covering will add 50% to this stock. Market cycles have bad valuations on the bottom of cycles. This is why hedge funds and opportunist are hopping on the oil sector debt.
The sector is up about 30% from the bottom. ThisThis stock has doubled and I am up good. I am thinking the bottom was put in last week.
Thinking and sending a country to war with out proof was wrong. Now you want another Bush to right things the other two nit wit Bushes did
Look at the numbers and press. They are making good money in this environment as others will also. It was 15 dollars not to long ago. It should not be this low. The question should be how many triples are out there? REN , SD , AXAS , AREX, EXK and more. Many companies hedged good for two years.
Look at the news ad they doubled net income. Its priced for BK and doubled their numbers. Kind of funny watching the shorts kill each other as most are filling their IRA with a quality stock on the penny stock range. Buy enough for you future
all very well hedged and strong players. VNR has more natural gas in the mix. the street is over looking the hedged positions and the dividends again. I feel this is a big mistake
for new people , this is a chance to buy quality companies very cheap for your retirement plans and long range investing dividends,
the run has volume and the RSI was very over sold. The strong showing of the markets is testament to the improving over all economies. OIL and natural resource are a steal right here. Many will flow back into the sectors looking for a triple. The first run sold off and many will be looking to not get left behind.
Just like the GOP helping iran