Seasonally, oil plays are not good in the North American winter months. Better off in early spring.
Not sure if this is a sort of delayed reaction to Yellin's remarks.
I will admit that it looked tasty when it went below the 52 week low.
But, that has happened across the sector. Today might just be a sort of head fake.
Because of the fact that oil usually sees weakness I am kind of on the sidelines.
I speak here as a trader. As a longer-term investor, it could be an opportunity, but I am looking at other plays for investing.
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