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This has had a slow downtrend for the last 12 months. But seasonality kicks in during the summer for oil stocks, and the US dollar will help this dramatically if the USD breaks down. ERF pays a decent yield. Good management. The current price south of $10, we hit it in 2015, and faced resistance in 2016 with several touches in 2017. If it keeps falling, it will fall to $6-7. July should push this to $11, and it could move back to $16.
This has had a slow downtrend for the last 12 months. But seasonality kicks in during the summer for oil stocks, and the US dollar will help this dramatically if the USD breaks down. ERF pays a decent yield. Good management. The current price south of $10, we hit it in 2015, and faced resistance in 2016 with several touches in 2017. If it keeps falling, it will fall to $6-7. July should push this to $11, and it could move back to $16.
It ran into congestion last summer between $24-28, and is in the same range this year. $24 is key; if it falls below $24, it'll plunge to $20. If you want safety, look at the XRE-T instead.
It ran into congestion last summer between $24-28, and is in the same range this year. $24 is key; if it falls below $24, it'll plunge to $20. If you want safety, look at the XRE-T instead.
