|Day Low/High||125.76 / 131.74|
|52 Wk Low/High||48.62 / 149.54|
Buyers are snapping up offerings from cash-strapped companies.
Investors should try and profit from the market’s volatility, not run away from it, said Jim Jubak, author of Juggling With Knives.
Though we can't say the long-term picture has turned, we can say the bear trend is looking pretty mature.
It all goes to point out the industrywide belief (finally) in a long and protracted period of low oil prices.
The exploration and production company has a weakened chart and was downgraded by TheStreet.
With renewed pressure on Greenlight Capital, investors can expect to see a more roguish David Einhorn in 2016.
I'm looking for the ones that have been beaten down the most.
And for the stock market, it's not Custer's Last Stand if oil goes to $20.
PXD's decline is slowing down, which could be a signal that it is ready to rally.
But I am taking a small position in United States Natural Gas fund.
Heading into the meeting, there are parallels to last year, but also key differences.
There is room -- even compulsory need -- to look for opportunities.
Dan Dicker, energy contributor at TheStreet, talks with Jim Cramer about the aborted buyout offer of Apache Corp (APA) by Anadarko Petroleum (APC).
Any rallies are short-lived as sentiment remains overwhelmingly bearish.
Energy sector prices are trading below where they were in 2008 and 2009.
Here's what pro investors like in the beaten-down oil sector.
The energy sector, particularly Exploration and Production (E&P) stocks have been beaten down as its commodity, crude oil, remains weak due to the oversupply glut and lack of seasonal demand.
Unlike the shale operators, their prospects are not short term.
Shale oil is unique in the way it is produced because it yields a very front-loaded result.
OIl prices had been showing short-term strength, but now many of the oil stocks have halted their rise and are headed south.
A truly contrarian investment strategy.