|Day Low/High||146.88 / 148.88|
|52 Wk Low/High||114.79 / 178.22|
The oil market has been hurt by increasing supply from U.S. shale, despite Iranian and Venezuelan oil sanctions and prices propped up by OPEC+.
There are several things that bug me right now about this stock.
That the market didn't plummet following the strikes on Saudi oil facilities shows big differences in our economy and reliance on foreign oil compared with just a decade ago.
These bearish bets are showing both technical and quantitative deterioration.
Oil is perceived as being an unavoidable loser as long as trade tensions rage.
Anything weak is a positive to be excited about and anything strong is a nightmare because that might stiffen Powell's resolve to keep rates where they are instead of cutting them.
The technical action of the oil-and-gas company's shares isn't favorable as it points to further declines in its stock price.
Plus a possible setup in Amgen as earnings approach.
We never thought, 24 hours ago, that it could possibly be this good.
A rundown of several oil companies that could soon be on the block.
It might be time to examine some possible oil peers to poach.
Ian Taylor, chairman of the Vitol Group, recently issued a bearish statement on oil prices.
We have a strong positive view on Gazprom shares given its unstoppable growth of Russian natural gas exports to Europe.
Although this will be challenging in the short term, it may be an opportunity for large American companies to acquire assets.
India Cutting Iran Imports Is Good News for Crude Oil
China's latest round of sanctions is about to make the pain real for many energy names.
How does the energy sector stands to win? The answer is in the transportation of commodities.
Move to acquire BHP's U.S. onshore assets will sharply increase BP's oil and gas output in the U.S.
Still, there is money to be made if you're strategic.
It does feel strained to have such a limited number of stocks going higher. But this time I do beg to differ.
These names are poised to generate higher free cash flow and earnings in a firmer oil market.
The charts of PXD look very bullish longer term.
These areas have little exposure to China, so buy them on any broad-market dip over U.S.-Chinese trade tensions.
While PXD is still in an uptrend from its August low, I am not sure it will resume that trend.
It is fitting that the next leader of Berkshire will be either Jain or Abel.
Many market conventions are falling by the wayside in this wildly bullish market.