A bunch of oil stocks have gotten ahead of themselves and are particularly vulnerable if crude stalls.
Crude may need to drop to $35 a barrel before it can rise again.
If you imagine what GE would like to look like in the future, NOV fills in a lot of that.
We are bullish on gold as long as central bankers are stuck in the low-rate/low-growth cycle.
A quick update on crude oil.
Not too long ago, it was best to stay from foreign assets and energy exposure. That was then, this is now.
Maybe folks are waiting for a key energy ETF to get over $70 before they get excited.
The bounce-back in oil prices may have given the company more time to solve its many operating concerns.
The fact is Transocean, Micron and Chesapeake were down and out not that long ago.

Encana Is Ready to Break Out Real Money Pro($)

A pullback would be a nice buying opportunity.

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