Ken, Here it is! Someone agrees with me.
This is where we should see the Bifurcation I've been Pounding The Table on.
Maybe I can quit camping on the couch now. <gggg>
[snipit]
ENERGY STOCKS
Oil stocks rebound from steep losses
By Lisa Sanders, CBS.MarketWatch.com
Last Update: 10:25 AM ET Dec. 13, 2004
DALLAS (CBS.MW) - Oil stocks rallied early Monday after a week in which a sharp decline in crude prices led to a widespread sell-off in the energy sector.
Oil stocks rebound after losses last week
Oil-service shares got a boost, not only from commodity prices, but as Raymond James upgraded a dozen of the group's stocks to "strong buy," saying "we now believe much of the downside risk to lower oil prices has been realized."
The firm upgraded ENSCO International (ESV: news, chart, profile), GlobalSantaFe (GSF: news, chart, profile), Grey Wolf (GW: news, chart, profile), Nabors Industries (NBR: news, chart, profile), National Oilwell (NOI: news, chart, profile), NS Group (NSS: news, chart, profile), Pioneer Drilling (PDC: news, chart, profile), Patterson-UTI Energy (PTEN: news, chart, profile), Rowan Cos. (RDC: news, chart, profile), Transocean (RIG: news, chart, profile), Superior Energy (SPN: news, chart, profile), and Unit Corp. (UNT: news, chart, profile).
[more]
marketwatch.com
I think the Rig Count Friday helped too.
Ray |
