|Day Low/High||37.87 / 39.47|
|52 Wk Low/High||12.15 / 55.29|
Crude hasn't bottomed despite a weaker dollar and looming producer summit.
Time to take a profit from these oil names, and await new entry points.
This game is about the pace and sustainability of a global rebalancing of the oil market.
There has been buying in the shares, but momentum is slowing and a correction could take prices lower before renewed strength later.
This is going to be a great year for oil and oil stocks.
If there is a quick run back to $120, I would take partial profits.
But the big international companies focused on staying power, not opportunity.
Let's go over what allows us to get to highs for the year.
Momentum in the name is weakening on its daily chart.
This oil name still offers some value, despite the rally in many oil names.
Family infighting among oil producers at Doha could be the best news in a long time for investors in oil firms.
The prospects for an agreement on production cuts is quite good.
It wouldn't take much for XLE to push to new highs, and these calls offer a good risk/reward for that.
This is the key moment to develop a long-term energy portfolio.
But things won't get substantially better until at least the third quarter.
This recent bounce in XEC is likely to run out of steam
The outlook for oil prices in the coming year could look a lot like it did in 2015, mostly horrible.
The standard view is that oil prices will keep falling -- but be ready in case they don't.
It will take a real and large production collapse to end the current bust.
Dan Dicker, energy contributor at thestreet, talks with Rhonda Schaffler about the outcome of the OPEC meeting and the continuing price reaction in the oil market.
EOG, HES and XEC will be survivors as the market transforms itself.
Heading into the meeting, there are parallels to last year, but also key differences.
Real Money contributor Dan Dicker says oil prices will hit $150 a barrel by the end of 2017.
Dan Dicker, energy contributor at TheStreet, talks with Jim Cramer about the aborted buyout offer of Apache Corp (APA) by Anadarko Petroleum (APC).
Even a low-ball offer would still be a large premium over the current price.
We are still in the final throes of the oil bust cycle, but stocks will begin to react to a turnaround.
After summarizing the latest movements in the price of oil, Dan Dicker, Energy contributor at TheStreet, predicts the recent rise in oil prices will be bounded in the near term.
These stocks are great values, but it's not just the share price, it's the relative price.
Fourth quarter is traditionally bullish, but keep an open mind.