But the run in the energy sector isn't over.
Select Energy Services acquires Rockwater Energy Solutions.
But rig supply needs to drop and the industry needs to consolidate further before offshore operations will again pay a dividend.
The trade tactic is the bullishly biased, near-the-money, vertical call spread expiring in December.
Procter & Gamble proxy fight is an intriguing distraction.
The publication's July 15 cover story on oil uses flawed math.
Energy Select Sector SPDR may look like a short, but could become a buy if it breaks above key resistance.
Prices haven't reached a level buyers are walking away from.
That will drive the next 'move' in oil prices.
It's time to decide if this stock is worth hanging onto.

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