|Day Low/High||18.63 / 20.11|
|52 Wk Low/High||3.80 / 26.96|
When you play for momentum and that level doesn't hold, you must act quickly and lighten up.
ATP Oil & Gas could turn out to be a cheap way to get exposure to the resumption of offshore activity.
If you happened to miss this move in high-beta energy names, be especially cautious of getting aggressive at this juncture.
I expect strong third-quarter beats from all the commodity-exposed industrials and particularly strong guidance.
Finding a way to get safely long exploration and production stocks is the right strategy.
Shell is building a seagoing processing unit that could give it a serious edge.
Oil is telling us we need to belly up to the bar and buy energy stocks now.
Stave off the market's dog days with two great performers in the oil sector: Exxon Mobil and Apache.