Another bad day for stocks and oil. The DOW ended down over 500 points, and oil was down over 4%. It closed below $50 a barrel. Not good. As you can expect, all of the drillers that I follow, including my ESV, made new 52-week lows again today.
Here are the closing percentages down:
ESV: -3.19%
NE: -4.97%
RIG: -3.31%
DO: -1.84%
ESV closed down .13 to $3.94. While 13 cents is not a lot, I will be in a deep margin call tomorrow because it closed below $4. Hopefully, it can get back above that in the next 2-3 days.