Energy Stocks Like Cimarex Are Outrunning Oil Prices: Dan Dicker

The recent rally in energy stocks has not been based entirely on fundamentals, says Dan Dicker, Energy Contributor at TheStreet.
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Dan Dicker, Energy Contributor at TheStreet, tells Jill Malandrino that the recent rally in energy stocks has not been based entirely on fundamentals. The move has been more about the recent small drops in the U.S. dollar and the tendency for money managers to rebalance portfolios in favor of beaten-down sectors, like energy. Dicker sees even the energy stocks he loves and owns, like EOG Resources and Cimarex Energy, pricing for $75 oil when we still have real prices under $55. He cannot recommend new positions at these levels and wants to wait for a better opportunity as the stocks more accurately reflect what's happening with the commodity.