Consider this USO long call 'shooter' setup.
With oil's downside defined and the upside meaning less to the stocks, there's a lot to like here.
Russian companies will cut future production too, not just U.S. shale producers. 
The oil and gas company's darkest days may be behind it but one firm still isn't impressed.
But in a narrow field, finding suppliers may be an issue.
Look for lower prices for PXD, possibly in the $150-$135 area. 
 If there is a quick run back to $120, I would take partial profits.
Although CRZO has more than doubled since January, it has a weakeneing momentum picture.
To believe that oil can go back up, Pioneer's stock must hold around these levels.
The biofuel company seeks partnerships in land, sky and water as it grapples with its weak financial position.


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