cause of today's e&p sell off?
Posted: Thu Aug 03, 2017 3:15 pm
https://www.bloomberg.com/news/articles ... ?link=mktw
article talks of closure of an oil based hedge fund.
article talks of closure of an oil based hedge fund.
Analysts focused on the increase in the gas/oil ratio on PXD and then it cascaded. In a bear market when a "surprise" like this happens, investors panic and "throw the babies out with the bathwater". Most the stocks are back to where they were a year ago and I think we can all agree that the fundamentals for oil, gas and NGLS is much better than it was a year ago.
FEAR and GREED drive investors.