"As we sit here and correct back toward the March lows with some of these names, again, there's no real hope," Johnson said, adding that Exxon's stock could be in particularly risky territory."We're very close to breaking below those March lows," he said, adding that any break below those levels would likely lead to another leg lower for the stock.
Danielle Shay, director of options at Simpler Trading, largely agreed about energy's gloomy prospects.
This sounds like a buying opportunity.
Energy, or petroleum?
FastMoney Everybody gaga over EV but for the next 10-20 years, they'll still be too expensive and many people will always want gas fueled cars. If Ford, GM, Honda, Toyota, etc. focused on making their cars better, there would always be a need for oil.
I’m a buyer & I keep reinvesting the dividends. Risk vs reward at these levels is better than buying bloated sky high priced tech stocks imho
who or what is calling people around the UnitedStates to support the USDemocrats instead of Obama !? News Globalists
Fossil-Fuel is Futureless and unwanted!
Well, it's either we prioritize energy stocks or the viability of life on the planet.
A vote for Joe Biden and Kamala Harris is a vote to kill Pennsylvania’s fracking jobs!
IT IS ABOUT TAXES PERIOD. YOU DON'T OWN US. FORCED SLAVERY THROUGH TAXES IS NOT THE ANSWER. SMALLER GOVERNMENT IS THE ANSWER.
WE NEED TO VOTE OUT ALL DEMOCRATS PERIOD
when these traders said sell, you buy...
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