Vermilion Short Shots: Technically Vulnerable Stocks
The “Energy†to Move HigherLet's face it, The Energy Sector has been for the most part a losing bet over the last 3 1/2 years. Bottoming is a process that often takes time, especially when technology drives down the cost to produce a product. In the case of oil and natural gas, fracking has led to an onslaught of drilling and an overabundance of supply and a virtual free-fall in energy prices beginning in early January of ‘16. However, through the onslaught, companies have now right-sized themselves with expectations of lower prices, reduced cap-ex spending, and reduced supply.
Key Points:
• Bases are present in a majority of the E&P's, with many breaking above resistance levels. A number of issues are breaking to 52-week price and RS highs.
• Breadth is improving with 55% of Energy related names ranking in the top 33% of the market as measured by our proprietary RSR ranking system,.
In this report we focus on the E&P's but there are a number of service related names that we also find attractive. Many of these can be found in grids of the Russell 1000 and 2000 in Tuesdays Compass.
Names highlighted include: XOM, CVX, COP, EOG, OXY, PXD, APC, CXO, DVN, CLR, APA, HES, NBL, COG, MRO, FANG, PE, WPX, MUR, PDCE, MTDR, VNOM, SM, CPE, WLL, CRZO, CRC, REN, and WTI.
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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.
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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