|Day Low/High||6.76 / 7.03|
|52 Wk Low/High||3.69 / 14.43|
Trump-Russia connection becomes stronger, Wall Street reacts.
Markets await Janet Yellen testimony, beginning of earnings season.
Stock futures decline as crude oil comes under pressure.
CRMWD 79 #1H Well in Ward County Currently Producing 1,519 Boe/d from a 5,167 Foot Lateral
In trading on Tuesday, shares of Halcon Resources Corp entered into oversold territory, changing hands as low as $6.65 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
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.