|Day Low/High||6.87 / 7.13|
|52 Wk Low/High||6.42 / 49.91|
Strength in certain names has been sold, but I don't think the small-cap oils trade is over.
Stock picking is going to be particularly important next week.
Cheap crude, high gasoline demand and the ability to export product bode well for downstream energy companies.
The enthusiasm about U.S. recovery in fracked oil is way premature.
This game is about the pace and sustainability of a global rebalancing of the oil market.
Location proves to be just as important as oil prices when betting on energy names.