Surviving the Coming $80 Oil Winter - Recapping Q3 Energy Reports

Dan Dicker, energy contributor at thestreet.com, talks with Stephanie Link, co-portfolio director of Action Alerts about recent third quarter reports from oil companies. Dicker believes that much of this reporting is 'rear window', looking at profits from an environment of $100 oil. But with oil near $80 a barrel and likely to stay there, Dicker finds reasons to be very selective in which oil companies you buy for the long term. Some can withstand a long period of sub $85 oil, like EOG Resources (EOG), Cimarex (XEC) and Anadarko (APC). Others, like Emerald energy (EOX), Halcon (HK) and Magnum Hunter Resources (MHR) are going to have great difficulties.