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Permian Momentum Oil Plays Seem Overpriced

TheStreet

Stephanie Link and Dan Dicker talk about the massive run in dedicated Permian basin oil shale companies and wonder whether these stocks are now too far ahead of themselves. While Dicker sees no problem in holding diversified energy E+Pâ¿¿s like Anadarko (APC) and Noble (NBL), he believes that the red-hot dedicated Permian producers like Pioneer Natural Resources (PXD), Diamondback Energy (FANG) and Cimarex (XEC) have all moved too far, too fast. Heâ¿¿s looking for more value in Canadian names, including Cenovus (CVE) and Crescent Point (CPG)