Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 191.44

-1.3%

Jan 7 3:59 PM EST

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From: Jerome	9/26/2014 2:13:55 PM
	of 26963

Sector Reversal..... No sector has taken a worse beating in the last few weeks than the Oil drilling sector But today almost all of stocks in this sector are showing strong upside. BP, ESC, SDRL, NE, CHK, FCX and RIG are all up nicely. An oversupply of oil on the spot market, overwhelmed the high dividends paid by these companies. Problems with Russian Oil and Problems in the Middle East should have been a catalyst for increasing stock prices of the oil companies.....but it did not happen.

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