Oil Sector

[darth trader]

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.

 

[esiotrot]

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

 

[darth trader]

Hi Peter,

I was thinking about 120p but in the current market 50p might be more likely!