Dan Dicker, Senior Energy Analyst at TheStreet, tells Jill Malandrino part of the move in the energy space has been due to sector rotation as equity managers look for value in the market and the weaker dollar. Dicker reviews five stocks that have reported: EOG Resources, Cimarex, Anadarko, Noble Energy and Devon Energy. The group has reported essentially the same type of quarter as efficiencies have grown and costs to complete fracked wells have dropped, but revenue remains weak. Dicker explains efficiency, or who can get the product out for less, will drive the next cycle. The issue is many of these energy companies have outrun the reported financials, although Devon is a slightly better value here.
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