Report
Shelley Moen
EUR 217.56 For Business Accounts Only

Insights: Bullish Energy Stocks

Energy stocks have lagged significantly this year, but, at the risk of coming off as “wildcatters”, we believe they are likely poised for a move higher. Crude oil has formed a bullish head-and-shoulders bottom and is now bullishly breaking above the neckline. Meanwhile, energy-related equities have sat in the doldrums as investors appear to be reluctant to endorse the commodity's bullish chart structure. We are now seeing a majority of these equities stage bullish price and RS reversals, emerging from bullish bases and breaking to multi-month highs. In this report we focus on bullish opportunities in E&P companies. We will continue to monitor the service related names for signs of similar price action.

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Underlying
Anadarko Petroleum Corporation

Anadarko Petroleum is an independent exploration and production company. The company also participates in the hard-minerals business through royalty arrangements. The company's reporting segments are as follows: Exploration and Production, which is engaged in the exploration, development, production, and sale of oil, natural gas, and natural-gas liquids (NGLs) and in advancing its Mozambique liquefied natural gas project toward final investment decision; and WES Midstream and Other Midstream, in which these two segments engage in gathering, processing, treating, and transporting the company and third-party oil, natural-gas, and NGL production as well as gathering and disposal of produced water.

Provider
Vermilion Research
Vermilion Research

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.

Analysts
Shelley Moen

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