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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (38407)	12/18/2017 7:57:42 PM
From: Goose94	Read Replies (1) of 203066

Nat-Gas Bull ETF (HNU-T) Josef Schachter turned bullish last week on natural gas, small and medium cap energy stocks and the land drillers. Many of these stocks are down 50 to 70 per cent in 2017 and are being devastated by severe tax-loss selling. There are bargains galore! We added nine stocks to our Action Alert BUY list last week (after having none all year). We expect to add more names this week to this list as the end of tax-loss selling season is this coming Friday. On the sector we expect a double bottom phenomenon to occur as was seen in 2008/2009. Natural gas stocks bottomed in late 2008 and bounced in early 2009 and then retreated as oil stocks were hit hard on the price decline for crude in early 2009. A decline in crude is expected in early 2018 to below US$40/BBL for WTI which will take large cap oil stocks and offshore drillers lower. Once this unfolds we should get a second low and a buying opportunity for these stocks as well. From this second low the new energy bull market should commence and last into 2022-2023. Josef Schachter on BNN.ca Market Call Monday Dec 18th @ 1300ET

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