European and United States markets have been wavering between gains and losses due to international concerns. The price of oil is reported to have jumped as traders worried that Turkey’s downing of a Russian fighter plane could lead to worsening tensions in the Middle East. 56 more words
Tags » Energy Stocks
Well, to state the obvious, a lack of follow through ain’t bullish…
After virtually giving buy signals across the board yesterday (see ERX post below), the energy sector virtually got hit with more waves of selling today. 114 more words
With today’s pop from oversold in the general market, energy stocks resumed their move as a leading sector.
Had short-term buy signals on nearly every stock I follow in the sector including CNQ, SLB, EOG, PXD, WFT, NOV, NBR, and the ETFs OIH, XLE as well as the 3xLeveraged ERX. 55 more words
In the latest salvo in the war against coal, California passed a bill in September requiring state pension funds to sell their coal stocks. Soon after, New York City Mayor Bill de Blasio called for the city’s five pension funds to do the same. 101 more words
For energy investors, the past 18 months have been almost unrelentingly grim. Weakening global demand and overproduction have driven the prices of crude oil and natural gas down more than 55% from their 2014 highs, and energy-industry stocks have joined those commodities in a collective swan dive. 896 more words
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