ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Jacob Snyder who wrote (52059)	2/16/2022 1:33:27 PM
From: ItsAllCyclical	1 Recommendation Recommended By ajtj99 Read Replies (1) of 96568

XOP weekly I understand why people are out, but I disagree with it. You just have to look deeper and find the right issues. I'll be more cautious on energy once the XOP has hit my min target for this breakout which is 130. Energy is still very much underowned and due to broad market weakness, Ukraine and the fact that energy has run from 60 ish to 90+ has most people out, but shares keep getting bought on any dips. Could we see 85 oil and XOP back to 95-100 again, sure, but I'll be adding selectively vs selling if that happens and more than likely I'd be partially hedged on any decline. Can see MACD on weekly as well. This has unfinished business... OVV is mirroring the XOP here, but far cheaper, decent oil production and will pay very nice divvy later this year. If oil is still strong 2023 will be massive as poor hedges run off and debt is repaid further. But I like other oily E&Ps far more sub 1 billion in cap. AJ will probably say this needs one more decline to 90 again based upon mirror pattern....maybe, that's why I'm heavier oil service plays and very selective in E&Ps.

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