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The oil rig count dips by seven, while gas rigs climbs by one less than two weeks after OPEC began its production cuts.
Trade-Ideas LLC identified Oil States International (OIS) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate
Stable, outperforming refiners such as Tesoro and oil-field services companies like Schlumberger should get investors through the price malaise and in a good position once recovery comes.