U.S. Markets open in 2 hrs 25 mins

Here's Why the U.S. Oil Production Glut Hasn't Occurred

The U.S. oil production glut many analysts anticipated hasn't occurred and senior contributor Dan Dicker tells TheStreet's Joe Deaux this isn't a surprise. Dicker says WTI crude won't be headed toward $80 a barrel and says this year, unlike 2013, investors should focus on exploration and production companies for value in the energy space. Companies like Cimarex, Concho Resources and Continental Resources report quarterly earnings soon, and Dicker says a miss in expectations could present a buying opportunity.