Four of our Sweet 16 are recommended in this: http://247wallst.com/energy-business/20 ... o-buy-now/
FYI two of the Stifel energy sector analysts the wrote the underlying report are EPG members.
XEC, CXO, PE and PXD are all BUYs
XEC, CXO, PE and PXD are all BUYs
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: XEC, CXO, PE and PXD are all BUYs
It has been a tough and tedious stretch for energy investors this year. After a promising start to the year with oil pushing towards the $55 a barrel mark and OPEC production cuts looking promising, prices dropped almost 20% to the mid $40s and the bears were getting restless. While the black gold finally found a bottom and become range-bound for months, many looked for a break above $50, which we finally saw this week.
A new RBC research report notes that the oilfield services group had a strong move last week, up 8% to far outpace the S&P 500. The sector was led by frac sand, which was up 10.9%, and U.S. land drillers with a 9.8% gain. While it may be early, it could be time for more aggressive accounts to note the $50 break and look for the large cap leaders. RBC has four rated Outperform.
Read: http://247wallst.com/energy-business/20 ... companies/
A new RBC research report notes that the oilfield services group had a strong move last week, up 8% to far outpace the S&P 500. The sector was led by frac sand, which was up 10.9%, and U.S. land drillers with a 9.8% gain. While it may be early, it could be time for more aggressive accounts to note the $50 break and look for the large cap leaders. RBC has four rated Outperform.
Read: http://247wallst.com/energy-business/20 ... companies/
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group