Posts Tagged "oil"

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...

All energy related stocks have been crushed hard the past few days. We felt that natural gas stocks were more prone to bounce than oil so we decided to swing our $COG (Cabot Oil & Gas stock) position into tomorrow. We were correct that a bounce would take place today, but only after an early morning dump by institutions who were not finished selling the day before. We should have loaded up more on the fall to $21.30 but decided to...