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To: Chris_Toronto who wrote (5544)3/28/2018 11:45:21 AM
From: The Ox1 Recommendation

Recommended By
Chris_Toronto

  Read Replies (2) | Respond to of 8239
 
No, I guess overall I'm not that bullish on the oil sector at the moment. I do believe that the price of crude could rise another $7 to $10 if the USD continues to be extremely weak. If this is what transpires over the next few quarters, then I would be much more bullish but I'm not convinced that's our path forward.

If you look at the individual company charts in those links, they are, for the most part, much weaker than the price of oil would suggest. That is one of the main reasons why I'm concerned and have more of a neutral view. WTIC is very close to a break out, so I'm not overly bearish either. I'm sure there are a number of undervalued companies in the patch at this time and that proper stock selection will be very rewarding.

Not sure why VET hasn't gone anywhere? I don't really follow the company except as one in the list of oil stocks.... A break up in crude would likely make the stock attractive if the underlying fundies are solid! It looks to have pretty solid support slightly below where it's currently trading.