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Energy stocks outpace Wall Street's declines as losses in crude-oil futures stoke selling across...

Energy stocks outpace Wall Street's declines as losses in crude-oil futures stoke selling across the sector: Anadarko Petroleum (APC -3.4%), Alpha Natural Resources (ANR -5.5%), Peabody Energy (BTU -6.1%), Murphy Oil (MUR -3.2%) and Cabot Oil & Gas (COG -4.1%).
Comments (2)
  • J 457
    , contributor
    Comments (951) | Send Message
     
    Unless sometime today the worlds central banks announced they stopped easing, its time to buy the dip. ANR, ACI, BTU, JRCC, XCO, KWK...if the economy has really taken hold and is actually improving, and once there is sector rotation from the likes of AAPL and CMG takes place, these hard assets in the ground material companies will spike and double or triple in a 3-4 months. Dollar cost average on the way down, but once it turns and takes off it will be like a rocket.
    2 Mar 2012, 04:05 PM Reply Like
  • sr1977
    , contributor
    Comments (320) | Send Message
     
    I'm surprised there was so much profit taking at this point in oils run-up after all the imminent warnings of $150 a barrel oil. Profit taking and/or demand destruction at this (low) price range is not very bullish.

     

    Of course if the Iran situation heats up things could change quickly.
    2 Mar 2012, 04:42 PM Reply Like
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