Vermilion Macro Vision: Energy Sector Synopsis
level from its recent highs near $52. We believe this pullback will allow for a better entry level as stocks pull back to their respective 200-day moving averages. Names in the E&P area we believe are technically attractive include : CVX, TOT, RDS.A, BP, PBR, EOG, STO, CNQ, APC, APA, DVN, EOG, REPYY, NBL, SU, CNQ, ECA, CEO, SNP, CLR, NBL, FANG, PE, RSPP, CHK, WPX, PDCE, LPI, OAS, CPE, CWEI, BSM, and SYRG. A few of the Energy trust names that are technically attractive are TPL, ERF, AAV, PWE, BCX, SBR, BPT, and PER. There are an increasing number of energy service names that appear to have bottomed. Names include : SLB, HAL, BHI, RES, FET, USAC, GTLS, AROC, NR, EXTN, EMES, MTRX, FTI, SUBCY, HLX, GIFI, NBR, PTEN, UNT GEOS, and IO. Refiners are showing improvement as the Group is reversing 1-year price and RS downtrends. Attractive names include: VLO, MPC, TSO, WNR, DK, and CAPL. Ethanol remains a standout in the Sector and names we find technically attractive include: GPRE, REX, GRBK, and PEIX. There is another industry that is experiencing a revival after a secular bear market. The coal industry appears to have right-sized itself and a number of companies have gone bankrupt. Technically attractive coal companies include: CNX, PVG, ARLP, AHGP, YZC, FELP, NRP, SXCP, SXC, CLD, HNRG, WLB, and CNXC (see attached document for complete sector thoughts and recommendations).For a trial to Vermilion Technical Research call (952) 922-7500, or visit our website at: www.vermilioncap.com
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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