Keep an eye on trading volume. These two are up big this week on very high volume. That can mean that someone is accumulating them for a possible takeover run. I consider them both strong takeover targets, but IMO all of the Sweet 16 are.
I am expecting some big mergers to be announce in the next few months. Rumor in Houston is that XTO, a wholly owned subsidiary of ExxonMobil, is looking to make a big deal.
OAS and ROSE
OAS and ROSE
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: OAS and ROSE
ROSE is on fire, up 50% in the last five trading days.
As of the close on Feb. 5 the Sweet 16 is up 11.6%. The only two down YTD are GPOR and RRC, which are heavily weighted to natural gas.
Leading the pack is SM, up 26% YTD.
As of the close on Feb. 5 the Sweet 16 is up 11.6%. The only two down YTD are GPOR and RRC, which are heavily weighted to natural gas.
Leading the pack is SM, up 26% YTD.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group