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EZ2

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Alias Born 03/31/2001

EZ2

Re: **D*A** post# 98835

Friday, 11/28/2014 6:43:53 AM

Friday, November 28, 2014 6:43:53 AM

Post# of 120381
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The call(s) of the day

So OPEC has kept its production unchanged, as expected and now what do we do? Don't panic, says blogger Short Side of Long.

"One thing is for certain ... sentiment is extremely negative and prices are ridiculously oversold. However, this obviously does not mean that sentiment could not get even worse and prices even more oversold. After all let us not forget the crash of 2008, where prices fell from $150 per barrel towards $60 per barrel very quickly," says the Short Side's Tiho.

So stand on the sidelines and let the crescendo play out because "you don't have to buy the bottom tick," he says.

But keep your eyes open. Tiho says this a buying opportunity because long-term fundamentals are still sound for crude and even the shale boom isn't lifting supply dramatically. As this rout unfolds, he's watching Energy ETFs such as Rogers Energy (RJN) and the Brent Crude Fund (BNO), along with Oil Services ETF (OIH). If you've got nerves of steel, he suggests Seadrill (SDRL).

All this looks brave indeed as anything related to energy is getting absolutely pounded, from sea to shining sea. Analyst Jason Wangler has buy-ratings on several companies that are well-hedged into 2015 for lower oil prices: PDC Energy(PDCE) , Pioneer Natural Resources(PXD) , Denbury Resources(DNR) , Halcon Resources(HK) and Northern Oil and Gas(NOG)

Other plays if you're brave: Energen Corp.(EGN) , Matador Resources(MTDR) and Gulfport Energy(GPOR) , Whiting Petroleum(WLL) , along with Chesapeake Energy(CHK) and Superior Drilling Products(SDPI) , says Wangler.


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