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8 Oil Company Charts Pointing To Downturns

Published 02/10/2021, 04:48 PM
Updated 07/09/2023, 06:31 AM

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):

Apache Corp.

Canadian Natural Resources Ltd (NYSE:CNQ):

Canadian Natural Resources.

Diamondback Energy Inc (NASDAQ:FANG):

Diamondback Energy Inc.

Halliburton Company (NYSE:HAL):

Halliburton Co.

Imperial Oil Ltd (NYSE:IMO):

Imperial Oil Ltd.

Patterson-UTI Energy Inc (NASDAQ:PTEN):

Patterson-UTI Energy Inc.

Suncor Energy Inc (NYSE:SU):

Suncor Energy Inc.

Exxon Mobil Corp (NYSE:XOM):

Exxon Mobil Corp.

 

Latest comments

What the ********are you talking about? this might be the worst "article" I've ever read. Complete lack of clear explanation and a full absence of arguments, facts or even valid data!
I was shocked just to read the title.m, so i had to click on it. Its not the sentiment on the street
Apparently Timmy missed the boat....probably was too busy buying Tesla at $800
you wish
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