RRC and SWN Today

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bearcatbob

RRC and SWN Today

Post by bearcatbob »

In this big day for energy gassers like at least RRC and SWN got hammered. Does anyone have any thoughts as to why? CHK was up nicely.

Bob
dan_s
Posts: 37325
Joined: Fri Apr 23, 2010 8:22 am

Re: RRC and SWN Today

Post by dan_s »

Today was all about money moving into oil because of the OPEC agreement. Tomorrow may be different.
Dan Steffens
Energy Prospectus Group
bearcatbob

Re: RRC and SWN Today

Post by bearcatbob »

Well you were right - tomorrow - today - was different.
dan_s
Posts: 37325
Joined: Fri Apr 23, 2010 8:22 am

Re: RRC and SWN Today

Post by dan_s »

These are large-caps and it takes a lot of buyers and sellers to move them. Wednesday was all about oil because of the OPEC agreement. Thursday's Ngas storage report reminded traders that winter heating season is about to get serious.

EQT is another gasser that I like. It is Robert Rapier's top pick.
Dan Steffens
Energy Prospectus Group
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