Oil and Gas Stock News for July 3, 2015
Jul 3, 2015 Trading Blog
Hope everyone has a great three day weekend! Happy July 4th!
IO (Ion Geophysical) – Ion to Deliver Basin Wide View of Gulf of Mexico. IO had a really nice bounce Wednesday and Thursday and will likely be on my trading watchlist for Monday for a continuation of that trend. Seems like they have been getting some good business in their Gulf of Mexico mapping and that’s possibly what has the stock moving.
REXX (Rex Energy) – Here’s what Drove Rex Energy Corporation’s Stock 15% Higher in June REXX still holding the uptrend line from January with a breakout possibility in the $5.50-$5.75 range.
BP ( BP Plc) – BP’s Spill Deal is a ‘Catalyst’ for Acquirers as Uncertainty Ends. It’s worth noting that BP jumped about 5% on the settlement news. See if the stock keeps trending up in the next few weeks. Could be in play as a takeover target, but I wouldn’t really base a trade on that possibility right now.
OIH (Oil Services ETF) – Shale Exposed Service Companies are Taking a Hit
SM (SM Energy) – SM Energy: Upside in an Anxious Market? Excellent overall description of SM Energy setting out oil/gas/NGL mix, operation locations, debt and borrowing facilities, realized product prices and market position. This is an excellent daytrading stock if you can catch it’s trend. Plenty of volatility and range.
NOV (National Oilwell Varco) – National Oilwell Varco May Be Undervalued, But It’s a Long Road Back. Good look at the current business picture for NOV. This is one of my favorite daytrading stocks, as it is a very smooth trader with very few random spikes. Trends seem to last for a few days and it follows the general oil sector quite well. I believe the article paints a fair picture of NOV, which only helps the smooth trading personality as there don’t appear to be any big landmines around for the company.
HES (Hess Corporation) – Why I Invested in Hess Corporation After Its Aggressive Outspend. HES is currently sitting about 2 dollars from it’s 52 week lows and has traded in a dependable range of 64-78 so far this year, making several trips between those two marks. I’ll be looking to give HES a swing trade if it gets close to that 52 week low, hoping that the bottom of that range holds again taking it back to the top.
Tags: Research News