I am leveraged in from the $9 level and would add at -$9. We just don't know how low oil is going to go. If you enter I would split up your trades in tiers.
I was shopping for some energy stocks today as I was pretty underweight with them and couldn't resist taking advantage of this sell off. Got some VDE & PSX for long term (more than a year ) Got in to WPX as well @ 9.02 which I dont think I will hold it for long term as it is too volatile for my liking. I usually apply tiers approach just like TTT. So if they keep going down I will add back more. I expect oil to continue swing between $40 and $50. In long term (probably early 2018) things will fix itself and oil should go higher from there. Oil boom and bust cycles always happen for years and I think this is just another one. Here I am also attaching analyst estimates for upcoming years...
With less than 2 minutes to close I bought the 8.92 and could not believe it popped back up to 8.97 in less than a minute. It might have been some short sellers taking profits. My L2 screen showed solid short sales
10/4 that and who would have thought with oil down another 1%. Added another small slice near the bottom
It's nice to see a strong pop on oil. Earnings out before the bell tomorrow. Note: DOW/SP are nearing flatline
ER came out after AH instead before tommorrow like was originally reported It looks like a mixed bag with missing expectations but giving good guidance. Wait and see how the market reacts WPX Energy Provides 2Q Operations and Financial Report: Increases Footprint and Opportunities in Delaware Basin http://finance.yahoo.com/news/wpx-energy-provides-2q-operations-201000652.html
info for what is worth.... TTT is already quite adjourned on WPX I thought to post this passage from another info was the only interesting part WPX my best scalp companion... don't tell TTT ciao amico mio ... dove li metti tutti quei $$$$
I hope no one stopped out on their trades without a profit, I know Ciao didn't/won't he just take the money and run back to his castle. Market still out to court on ER
I herd that 2 nice scalps =$$$ now I wait the +/-9.34 wall if broken I can buy cheaper ... anyway I don't have to tell you the trend
very quite here... are you all counting the $$$$ lovely to hod 10.06 (I missed that ) TTT with all your adding and selling tiers you will end up owning a building thanks to you if I made with $$$$ on WPX
I got my 20% gain @10.86 and ran. Not a bad return for 1 week investment . I am still bullish with oil and it will go higher in LT. But like I said before, I was in for a short term trade with this one. I will continue to hold my other energy plays (PSX & VDE) which also had nice gains since I bought.
As WPX is profitable when oil is at $40 a barrel I will wait for $45 to $50 a barrel to sell unless the profit is too big to ignore
Why WPX Energy Increased Its Fiscal 2016 Production Guidance http://marketrealist.com/2016/08/wp...on-guidance/?utm_source=yahoo&utm_medium=feed
