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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
-4.86%
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COP
-8.60%
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MRO
-10.94%
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APA
-11.43%
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DVN
-8.60%
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CPE
-7.96%
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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
 
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