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XEC, CXO, PE and PXD are all BUYs
Posted: Wed Sep 20, 2017 11:50 am
by dan_s
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.
Re: XEC, CXO, PE and PXD are all BUYs
Posted: Wed Sep 20, 2017 12:34 pm
by dan_s
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/