4/24/14: Booking Profits In Drillers On Plentiful Crude

By Igor Greenwald • April 24, 2014

We’re taking profits on four drillers while warming to the two leading refiners poised to profit from the growing Gulf Coast crude glut.

Portfolio Action Summary

  • Continental Resources (NYSE: CLR) position cut in half in the Aggressive Portfolio

  • Gastar Exploration (NYSE: GST)  position cut in half in the Aggressive Portfolio

  • Whiting Petroleum (NYSE: WLL)  position cut in half in the Growth Portfolio

  • WPX Energy (NYSE: WPX) position cut in half in the Growth Portfolio

  • Marathon Petroleum (NYSE: MPC) buy below target raised to $95 in Aggressive Portfolio

  • Valero Energy (NYSE: VLO) buy below target raised to $63 in Growth Portfolio

For details, see Crude Glut a Gift for Gulf Refiners in the April 24 issue of The Energy Strategist.

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Fred Seiden

Fred Seiden

What is your current opinion of DNN?

Igor Greenwald

Igor Greenwald

It hasn’t changed since we recommended it: it’s a high-risk, high-reward play on the eventual rebound in the price of uranium.

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