Energy stocks appear to be getting hammered due to credit downgrades or negative outlooks from Moody's
http://www.zerohedge.com/news/2016-02-02/sp-just-downgraded-10-biggest-us-energy-companies
<zero hedge
<actually summed it up nicely
...along with US production forecasted to replace the cuts by OPEC
Conversely, net long crude oil speculation per CFTC was relatively high in January and is in record high territory.
https://www.investing.com/economic-calendar/cftc-crude-oil-speculative-positions-1653
What gives?
Is the news lagging the market? Is the price baked in for the US to counter OPEC cuts?
I feel like if I know this information, professional traders obviously know as well.
This makes me a buyer of XOM and OXY as their balance sheets are pretty solid. I might go back into RDS.A to diversify into a more nat gas play.
https://research.ameritrade.com/grid/wwws/research/reports/viewreport?id=1452&documenttag=CSFBW50_750376&c_name=invest_VENDOR
This pdf about XOM has a nice comparison of oil majors on page 7. XOM RDS and OXY should give a good diversified mix.
Discuss
bump, or do we only talk about meme coins?
>>1821491
God pleas let oil stay above $50 a barrel so all of my friends and family dont hang themselves...