Jul
24
24
Glass half full?
Posted by bakkenexpert| The pain continues today for many oil stocks as there is still fear that oil prices will continue to drop from its current level of $125 per barrel. If we can sustain 1 or 2 weeks of stable oil prices, then I believe the controlled “panic selling” will subside and Bakken stocks can start trading independently of other oil sector stocks. At this point, standard option strategies like selling out of the money (OOTM) puts are not advisable as we don’t know where the bottom is of this oil vacuum. We are hunkering down for the next leg here and hoping for stabilization in the next week when some of the Bakken plays report earnings. There were a few bright spots today with WLL, BSIC.OB and XTO in the green. Good Luck to all. |
|
| bakken |  |
| Symbol | Last Trade | Change | Volume | Avg Vol (3m) | ||
|---|---|---|---|---|---|---|
| WLL | 4:03PM ET | 84.95 |  1.31 |
1.57% |
1,194,647 | 1,115,910 |
| MDU | 4:03PM ET | 31.14 |  1.21 |
3.74% |
1,288,924 | 1,086,270 |
| SM | 4:01PM ET | 43.23 | 0.39 |
0.89% |
2,176,189 | 1,369,390 |
| CLR | 4:04PM ET | 62.08 | 0.19 |
0.31% |
2,377,113 | 1,737,110 |
| EOG | 4:00PM ET | 101.18 | 1.84 |
1.79% |
5,746,200 | 3,521,540 |
| NOG | 4:00PM ET | 10.10 | 0.51 |
4.81% |
410,358 | 594,478 |
| KOG | 4:00PM ET | 3.00 | 0.27 |
8.26% |
1,848,770 | 1,461,550 |
| KDKN.OB | 3:59PM ET | 2.03 | 0.03 |
1.46% |
108,734 | 243,183 |
| BSIC.OB | 3:50PM ET | 1.82 | 0.17 |
10.30% |
8,501 | 94,520.3 |
| XTO | 4:02PM ET | 48.78 | 0.54 |
1.12% |
55,620,781 | 9,122,790 |
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Tags: BSIC bsic.ob downtrend earnings oil wll XTO
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