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Crude Leads The Way As Energy Stocks Crumble

By Tim KnightCommoditiesAug 03, 2022 04:36PM ET
www.investing.com/analysis/crude-leads-the-way-as-energy-stocks-crumble-200628033
Crude Leads The Way As Energy Stocks Crumble
By Tim Knight   |  Aug 03, 2022 04:36PM ET
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CL
-2.08%
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COP
-0.34%
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MRO
+0.06%
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APA
+0.56%
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DVN
+0.44%
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CPE
+0.26%
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The one and only thing that saved my bacon on Wednesday was energy stocks. I’m pleased to say I think more crumbling is on the way, thanks to crude oil:

Crude Oil Daily Chart.
Crude Oil Daily Chart.

Here are the five energy companies against which I own January 2023 puts:

APA Corporation (NASDAQ:APA):

APA Corporation Daily Chart.
APA Corporation Daily Chart.

ConocoPhillips (NYSE:COP):

ConocoPhillips Daily Chart.
ConocoPhillips Daily Chart.

Callon Petroleum Company (NYSE:CPE):

Callon Petroleum Daily Chart.
Callon Petroleum Daily Chart.

Devon Energy Corporation (NYSE:DVN):

Devon Energy Daily Chart.
Devon Energy Daily Chart.

Marathon Oil Corporation (NYSE:MRO):

Marathon Oil Daily Chart.
Marathon Oil Daily Chart.

 

Crude Leads The Way As Energy Stocks Crumble
 

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Crude Leads The Way As Energy Stocks Crumble

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Comments (1)
Todd Holaday
JustWilliam Aug 03, 2022 11:26PM ET
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I think the opposite.
Ricky Wu
Ricky Wu Aug 03, 2022 11:26PM ET
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ya, the probability of getting right is much higher when you do the opposite of what he says, it checks out in his previous articles
Ahmed Kareem
Ahmed Kareem Aug 03, 2022 11:26PM ET
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no he is right , oil is making new 52 weeks price low , and APA will do the same
 
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