OXY was recently highlighted during the recent crude oil ease off retracement. A friend kept talking about it, and new about Berkshire (Buffet) accumulating this stock kept making headlines over the past couple of weeks. It was in the radar screen as this was something I missed earlier and looked for ward to getting some position as the crude prices should be...
It all comes down to Newton’s third law “what goes up must come down”. With the pressure of the federal reserve and the U.S. government doing what they can to hedge inflation. Oil is well on its way to a downtrend the Sp oil and gas exploration index will follow suit. Rising wedge has broken likely next move is down.
I expect the price of oil to reach 130 dollars and breaking the 130 level will rise strongly and may reach 200 dollars
SPDR Select Sector Fund - Energy Select Sector ( AMEX:XLE ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $88.71 Breakout price: $90.50 Buy Zone (Top/Bottom Range): $84.30-$74.05 Price Target: $112.00-$114.20 Estimated Duration to Target: 133-140d Contract of Interest: $XLE 9/16/22 90c Trade price as of publish...
Post breakout shakeout makes this setup interesting. Oils stocks are leaders and we may be finding a bottom on the market for now. Even tho my personal opinion tells me this stocks already had their run, price and volume action tells me otherwise. I will be disciplined with my methodology and buy a small position as a toe in water.
Expect run to continue as shown. With this administration remaining hawkish towards oil, off shore requirements will continue to increase.
A repeating pattern and strong economic events for the next week shows that oil may sink in the upcoming week or will oil prices continue to rise because of the war in Ukraine?
XOP looks like it's rolling over, or at the very least consolidating and heading back to sub 130 after rejection from trendline resistance and 30MA . Whale trade short, bearish divergences on indicators. Price target sub $130
Houston American Energy Corp., an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil, and condensate in the United States. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As...
Imperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product...
Halliburton Company ( NYSE:HAL ) Sector: Industrial Services (Oilfield, Services/Equipment) Market Capitalization: 36.626B Current Price: $40.76 Breakout price: $39.55 (hold above) Buy Zone (Top/Bottom Range): $38.80-$36.00 Price Target: $42.40-$43.60 (2nd) Estimated Duration to Target: 31-35d (2nd) Contract of Interest: $HAL 5/20/22 42c Trade price as of...
Imperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product...
Hi there, As you see on the chart, OIL has closed below the 50MA on the daily time frame. We need to see a full candle close below 50MA for short. It is still above the 200MA so still a bullish trend up. But we may want to catch the fall back to the main trend. You can see our entry and profit target. Profit target = next support point. Entry Point = Ideally we...
If i had to pick one russian stock after this huge sell-off, that would be LUKOIL (LUKOY). PJSC LUKOIL engages in exploration, production, refining, marketing, and distribution of oil and gas. Last year they had earnings of $773Bil and paid a dividend of $7.35, which is now higher than the price of one share. It will be adjusted for sure. The Market Cap is also...
Oil prices will remain higher than $100 per barrel in the coming months, reflecting the geopolitical risk from Russia’s war in Ukraine and the tight energy markets with the current and potential future sanctions against Russia, the Energy Information Administration (EIA) said on Wednesday. Brent Crude prices are expected to average $105.22 per barrel this year,...
I never post here but I really wanted to give this notice to as many ppl as possible. Forget the conflict no one knows how that will end. OPEC is still very tight with supply staying on pace with supply increases in the face of $130-$90 barrel oil. We aren't seeing much action in terms of increases in supply in the US either. Iran oil also seems to be off the...
Canadian Natural Resources Limited ( NYSE:CNQ ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: $70.677B Current Price: $60.89 Breakout price: $54.00 (hold above) Buy Zone (Top/Bottom Range): $57.25-$51.35 Price Target: $77.00-$79.80 Estimated Duration to Target: 788-805d Contract of Interest: $CNQ 1/20/23 60c Trade price as of publish...
Exxon Mobil Corporation ( NYSE:XOM ) Sector: Energy Minerals (Integrated Oil) Market Capitalization: $359.517B Current Price: $84.92 Breakout price: $83.00 (hold above) Buy Zone (Top/Bottom Range): $82.90-$77.15 Price Target: $85.00-$86.20 (Reached), $98.00-$100.00 (2nd) Estimated Duration to Target: 50-52d Contract of Interest: $XOM 6/17/22 105c Trade price as...