WPX - WPX Energy, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 3, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    WPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. Its principal areas of operation include the Permian Basin in Texas and New Mexico, the Williston Basin in North Dakota, and the San Juan Basin in New Mexico and Colorado. As of December 31, 2014, the company had proved reserves of 583 million barrels of oil equivalent. WPX Energy, Inc. was incorporated in 2011 and is headquartered in Tulsa, Oklahoma.


    [​IMG]
     
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I made a 3rd tier buy this morning. WPX is up slightly is this down market @6.40...I expect it to hit 7 and above in the near term.
     
  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    After being up this morning on a upgrade, WPX finished at no change @6.34 in a market meltdown. The better news is what it did in After Hours on high volume. Currently oil is up about 3% and futures are up decent as well. If that all holds into tomorrow it should be off to the races.

    After Hours : 6.55[​IMG] 0.21 (3.31%)

    Volume: 3,228,472




     
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  5. StockJock-e

    StockJock-e Brew Master
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    So what you thinking here?

    Long with a stop below $6, target up near $8?
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I am leveraged pretty low so haven't set a stop yet. I need to recheck the chart from yesterday but I was looking at a target of 7.22 for my 1st tier sell. It had just fell from 6.99 with not upgrade that had a LT target of $11.
     
  7. StockJock-e

    StockJock-e Brew Master
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    Long term $11?

    More like two week!

    Did you see that DRWI go nuts again today?
     
  8. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Wow nice jump on high volume. Were you playing it?
     
  9. FastEddy

    FastEddy Member

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    I bought this morning and I like your target price Tip
     
  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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  11. StockJock-e

    StockJock-e Brew Master
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  12. Tiptopptrader

    Tiptopptrader Well-Known Member

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    WPX came out the gate strong this morning on oil and up market touching the upper BB @6.99 and then the normal profit taking took place. I only took 1/4 my position off the table and have the rest of my shares destined for above the upper BB. In this market we never know what the next day will bring as WPX could go down if conditions are right and then I would reload on the shares I just sold. Other wise I will wait for the next trip north. I still have a 7.25 target on WPX before the promised land of 11.

    upload_2016-4-6_17-34-9.png
    upload_2016-4-6_17-39-36.png

    Forget Shell, Buy These 4 Energy Stocks Instead
    http://finance.yahoo.com/news/forget-shell-buy-4-energy-151603532.html
     

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  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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  14. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Finally broke the 6.96 resistance and currently @7.02 Up 0.41
     
  15. Tiptopptrader

    Tiptopptrader Well-Known Member

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    WPX came out the gate strong this morning with oil and the market at it's back but cooled off when the market made a reverse turn. I hope everyone that has been playing WPX took some chips off the table when it cracked through the upper bollinger band to 7.09. I raised my short term target price target a few cents to 7.25 on the trip to 11.

    upload_2016-4-8_15-1-36.png

    Energy company completes $910 million sale of Colorado assets
    http://www.bizjournals.com/denver/b...completes-910-million-deal-for.html?ana=yahoo

    upload_2016-4-8_14-58-37.png
     

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  16. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Oil is currently trading between 40.14 and 40.30 and futures are up some. If this holds overnight this should be a good driver for WPX. I had read that $40 dollars was an important level because the wells they drill in the Permian Basin currently earn at least a meager economic return at a $40 oil price.

    I may have to adjust my target price if oil stays above $40.
     
  17. Tiptopptrader

    Tiptopptrader Well-Known Member

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    WPX broke through the upper BB to 7.36. I took some profits but hold the bigger part of my position. If Oil can maintain above 40 so should WPX

    upload_2016-4-11_14-35-13.png
     
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  18. Tiptopptrader

    Tiptopptrader Well-Known Member

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    WPX up just under 5% @7.47...Looking to take profits
     
  19. Ciao (Sheppy)

    Ciao (Sheppy) Well-Known Member

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    Hi TT I couldn't find this thread.... didn't look hard ... was busy trading/scalp
    got few cents on WPX .... yesterday traded twice....I am not good in holding :D
    bravo you did well
     
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  20. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Hey Ciao, as long as your making money that's the main thing. No one ever went broke taking profits.

    A 100K trade just went through at the ask
     
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