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We're "in the later innings" of the long-oil/short-gas trade but "not yet in the bottom of the...

We're "in the later innings" of the long-oil/short-gas trade but "not yet in the bottom of the ninth," Sterne Agee says, believing well-capitalized operators with sufficient scale in oil basins and/or optionality on natural gas should continue to outperform. Energen (EGN), Pioneer Natural (PXD) and Oasis Petroleum (OAS) are the firm's favorites; avoid pure gas plays SWN and UPL.
Comments (1)
  • Long oil/short gas? This has been an acutely losing trade of late, trading the futures. The producers are another story, and can remain stable in price for ranges of the underlying commodities.
    1 Oct 2012, 03:05 PM Reply Like
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