Oil was getting hammered due to Brexit fears and a rising dollar. $WLL (Whiting Petroleum stock) declined -31% the past 3 days and decided to start bottom picking this E&A name on short-term oversold conditions. $WLL has de-levered its balance sheet and is now considered a good strong oil services name in our opinion making it a great overnight swing candidate. The stock market opened up nicely today and we sold out of the position...
Read MoreOne of our favorite midstream oil and gas companies we like based off a stellar balance sheet is $CPPL (Columbia Pipeline LP stock). It has only a Debt/EBITDA ratio of 1.2, one of the lowest we know of in midstream oil and gas...not levered at all. The stock got hammered 2 days in a row last week and we noticed the selling all occurred in the last 30 minutes of trading. That to us signaled a forced dump by someone. We started picking...
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