Oil Equipment/Services

Charts suggest more pain ahead for NGL.
But then again, the market surprises us sometimes.
Early bottoming signals are showing up for the oil services firm as prices test their early 2016 lows.
Bad planning by companies offers opportunity as oil prices begin to rise.
Wherever a dart lands next is an even better short than the last toss.
Four of the five companies are in the energy sector, signaling willingness to fight disruption.
This is just the same old cycle, which has played out time and again.
There's been strong and aggressive buying in recent weeks.
I expect each day will be a trend unto itself, and some days will cancel out others.
Schlumberger's Paal Kibsgaard makes you a believer, for certain.


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