Dan Dicker, Energy Contributor at TheStreet, talks to Jim Cramer about the strange world of current oil prices and oil stocks. Low oil prices have held down the profits of U.S. oil independents, and low prices have been caused by a continuing surplus of production from U.S. producers. While stocks have positively reacted to increased production in the past, Dicker thinks we're now at a point where lowered targets and reduced production are positive signs for the market. He particularly likes the plans for reduced output when they're coming from well-capitalized independents with solid asset portfolios - particularly Anadarko Petroleum (APC), EOG Resources (EOG) and Hess (HES).
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.