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Crude oil has had a tremendous run-up in price for the past 10 months. Below I share eight oil production companies whose charts seem quite prone to a downturn in the long-term, and obviously the present price levels are much more attractive than they have been in a while for shorting.
Apache Corporation (NASDAQ:APA):
Canadian Natural Resources Ltd (NYSE:CNQ):
Diamondback Energy Inc (NASDAQ:FANG):
Halliburton Company (NYSE:HAL):
Imperial Oil Ltd (NYSE:IMO):
Patterson-UTI Energy Inc (NASDAQ:PTEN):
Suncor Energy Inc (NYSE:SU):
Exxon Mobil Corp (NYSE:XOM):
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