Kendall, perhaps Liz knows something I don't, but this looks similar to some other companies in same price range that have much stronger earnings. DNR, CHK, CRK, CRZO, BELW, TMR, TXLI, ROIL. I own some CRZO and ROIL and took profits in CRK today. These have 2 to 3 times the earnings of CRED, so personally the chart looks good but without additional information, I prefer any of the above. CRK currently has PE of 26 but will improve with next earnings, DNR, CHK, TXLI, ROIL have PEs of 10-12 area and CHK and BELW have PE of 3 or 4. TMR had PE of 7 at last look. CRED had pe of 21. Chart is fine, but there are a bundle of good looking small energy stocks.
Good luck,
Bruce |
