We've been watching a not so slow slide in the shares of one our long-term holds and favorite names, Rex Energy (NASDAQ:REXX), since October. While the name at $25 was likely a bit ahead of itself, then the subsequent drop to near $17 makes little sense to us in the current commodity price environment (we have oil prices at $90 on the year and natural gas prices at $4.25 and you can check out zmansenergybrain.com for more on that) and with the current fundamental outlook we have for the name. Some of the selling is no doubt group action but the name has consistently been weaker than its gassy peers of late and the chart has broken down...
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