|Day Low/High||9.53 / 10.74|
|52 Wk Low/High||5.19 / 34.91|
Midstream names appear to be oversold and American Airlines should benefit from lower jet fuel costs.
These sort of panics can be turn out to be lucrative opportunities for investors.
These names are poised to benefit from both longer-term sector trends as well as near-term geopolitical tensions.
There are a few plays to consider in the energy arena, but it still looks like a place to be underweight going into 2020.
Boeing shareholders did not react well to its results, but American Airlines and Valero Energy fared better.
Markets are still nicely in the black for the day with approximately two hours to close. The SPDR Biotech ETF has had a nice reversal since our last update off oversold levels and is now in the green. This is certainly good to see as there was no l...
The best way to play this is via refining sector companies with the best earnings leverage.
Entercom, Builders FirstSource and PBF Energy all have positive catalysts that could help them take off soon.
My primary way to add some additional 'dry powder' to energy on declines is via buy-write option orders.
The smaller names are down substantially from their 52-week highs.
The insider purchases were at an oil refiner, a video game maker and a retailer of recreational vehicles.
The gap between U.S. and Canadian oil prices is wider than ever.
These names are showing bullish or bearish reversal patterns over the past week.
The bullish side dominates, with consumer cyclicals and energy names most prevalent.
Some industry watchers have been bullish on the sector because the WTI-Brent spread isn't holding up, which is normally seen as a positive.
As the cost of importing crude is cheaper than the cost of rail transport, PBF Energy and its master limited partnership, PBF Logistics, are getting squeezed.
Its president expresses concern about what lies ahead at retirement for young Americans.
Dan Dicker talks to Jim Cramer about the massive rally in the refiners and why its not quite ready to end.
Dan Dicker talks with Jim Cramer about the IEA report and the opportunity that will be created in refining.
IPO Desktop President Francis Gaskins has a dim outlook for energy IPOs - SolarCity and PBF Energy