Let's look at what many observers failed to notice about oil, and what could happen when the oil exporting nations -- including Russia -- meet on June 4.
Here's how high the shares could go.
It's been weeks since OPEC cut production and look how oil prices have spilled. Here's who to blame -- and why the devil is in the ETFs.
The provider of drilling services is set to report its first-quarter results after the market close here on Monday.
Here's how I'm playing stocks as this group of oil-producing nations -- including Russia -- says they're cutting production.
This may be seen as early steps toward moving at least some part of the oil trade away from trading in U.S. dollars.
The charts suggest a big move could unfold.
Shares are up eight-fold from their nadir but the advance may not be over.
Traders should let the offshore drilling company's stock trade sideways for a bit longer before jumping in.
Here's how I'd play this oil field name based on the read of the charts.