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Market. Christmas Eve was the bottom for the energy sector. A massive amount of hedge funds where long oil and short natural gas. They were wrong on both calls. The FANG stocks were going down at the same time. He thinks it is not over and that there may be one more pull back in energy. There may be one more buying opportunity. He thinks WTI will get above $70 this year.
Unknown
BUY
Natural gas producer. It is a top pick on his action alert buy list. You get a dividend yield. They are moving to add more liquids. They are talking about having more cash flow. They may add to their dividend or to stock buy backs.
oil / gas
BUY on WEAKNESS
It got down t $30. If it goes back down below $32 he would get it.
oil / gas
BUY on WEAKNESS
About 8.7% yield. If the valuation backed off another dollar, it would be very attractive. At $28 it would be very attractive. (Analysts’ price target is $43.00)
oil / gas
N/A
If the price of oil goes to $70 and then 80 or 100, it is about worldwide events. Enbridge line three will probably be put on. Heavy oil has more of a problem than lighter grades of oil. Lighter grades of oil have more to do with the worldwide price of oil. We could see bills get stalled in government that are supposed to stall the egress of oil.
Unknown
WATCH
They walked away from MEG-T. The whole thing with takeaway capacity will continue to be a problem. Wait for some guidance. If we see pipe go in the ground we may see some acquisition activity take off.
oil / gas
DON'T BUY
Light oil companies will benefit more from an advance in oil price to $70+ this year. He is concerned, though about the balance sheet here and would pass on it. In a couple of years, all these stocks will go up, however. There are other bargains out there, especially natural gas picks.
oil / gas