I am wanting to take advantage of the price of oil. So i am looked for companies who have the least of amount of hedging, therefore they will move the most because it directly affects them the most.
PWT and oil have both created a bit of a double bottom. I became long on April 3rd at 2.19 after the news from Iran talks. It has crossed the mid term downward trend line.
Will be careful about this long position as if WTI doesn't get to 60 soon and for a solid amount of time PWT will be bankrupt by the end of the year.