Oil Sector

Stocks within the oil sector have been releasing result recently and have created some interesting price movements.

I think that TLW and EDG are worth looking at and CNE still hasn't made up its mind.

ETP is looking a bit sad.

Here is the TLW chart.
 

Attachments

esiotrot

Active member
157 0
Yes - interesting this one.
TLW has been trying to breakthrough 98p for some while and as such has built up a head of steam (oil fired presumably!)

I assume the ARCO acquisition is the reason.
p/e is astronomical but the PEG is 0.2

Any thoughts on a target? Resistance at 106,112 and 116 but all some time ago.

Peter
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock