Updated March 25, 2020 - There is an Oil War brewing...World War III!?
|$XOI oil share index|
|Support||1100 - 925
|Technical pattern||Oil shares: a SUPER BUY at these levels but not for a long term investment!
ExxonMobil and other major oil majors such as Shell produce more natural gas than oil. Therefore it is probably more correct to refer to them as energy majors than specifically oil producers.
The fact that Trump allows Oil drilling in Alaska, California, the Gulf of Mexico & Florida will be beneficial to the USA and proofs that the USA KNOWS there will be an Oil Shortage.
Shale Oil, Fracking and new technology are changing the GLOBAL OIL picture in a BIG WAY but they can and will only do this in the short run: fracking produces a LOT of Oil but the well dies fast!
Oil drillers & services
|Oil shares - Yields Mar 2020 - only buy the GREEN & Blue (trend reversals) tagged Oil stocks.
Click on the name of the company to be redirected to their home page...
Do NOT sell but use Trailing Stops! Note how Support is now Resistance...and Resistance we have right now - as present levels are broken, the Oil shares will reverse their trend. TRY TO AVOID AMERICAN OIL SHARES! [*Caution - OXY fundamentals!!]
||Exxon (XOM)||Conoco (COP)||Schlumberger.(SLB)|
|4.11% yield - Stop
||21.90% yield - Stop
||9.25 % yield - Stop
||8.02 % yield - Stop
|| 4.16 % yield - Stop
||11 % yield - Stop
|Oil drillers & services|
|Halliburton (HAL)||WPX-Energy||12-month performance vs. SP500||12-month performance vs. Gold||Noble Drilling (NE)||Helmerich (HP) STOP LOSS|
||Buy - 1.86% yield
||Bottoming||13.56% yield - Driller|
|Oil drillers & services|
|Obsidian Eng. (OBE.TO)||Husky (HSE.TO)||Baker Hughes (BKR)||Bellatrix (BXE.TO)||Nabors (NBR)||Money Flow Decreasing|
|SEC problem. was: Penn West||13.75 % yield - Stop!||5.66% yield - Stop!
||5% Yield - Book value: $19.43
|Non-North American Oil co's|
|Rosneft (ROSN.L)||Petrochina (PTR)*||Royal Dutch(RDSb)*||Repsol (Spain)||Sasoil(SSL)||Trans Can. Pipeline (TRP.TO)|
|SANCTIONS - Russia
||100 % China||Netherlands||40% China|| South Africa
|5.13% yield - Buy
||5.60% yield - Buy
|| 10% yield -BUY
||Diesel @ $60/bbl- 11.80% yield - STOP
||3.55% yield- BUY
|Total (TOT)**||Can Nat Res (CNQ)||Petrobas (PBR)||Enerplus Corp (ERF)||Equinor (EQNR)* - Norway||BP Prudhoe Bay(BPT) Royalty|
|8.40% yield - Stop
||yield 7.50% - Stop
||yield 2.87% Brazil - breakout = BUY
|| yield 4.63%
||9.33% yield - BUY
||Yield 35% - STOP
All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic