Wealth Creation Through Natural Resources
Oil services stocks as represented by the OIH (roughly 1/3 of the OIH is comprised of two names, HAL and SLB) have been hot for the past month, gaining nearly 20% since the March 16th low: This is the 3rd … Continued
There was a boom in oil & gas Capex during the past couple of years, particularly in the shale oil drilling space: With the recent crash in the oil price this boom has turned into a bust and there is … Continued
We have been ‘stalking’ Haliburton (HAL) for a couple of weeks based upon a clearly defined double-bottom setup and the potential for a breakout above $41. This breakout is now in progress: The Daily 14-period relative strength index (RSI) is … Continued