Can SandRidge Energy Inc.(SD), Whiting Petroleum Corp(WLL) and Bill Barrett Corporation(BBG) Drill Themselves Out Of The Red?
New York, NY – GDP INSIDER – 03/11/2015.
This article discusses three companies: SandRidge Energy Inc.(NYSE:SD), Whiting Petroleum Corp(NYSE:WLL), Bill Barrett Corporation(NYSE:BBG)
SandRidge Energy Inc.(NYSE:SD) started to reverse recent losses with the stock closing up 5.33% or $0.08 to close at $1.58, on light trading volume of 11.574 million compared to its three month average of 18.361 million. SandRidge Energy Inc has not been doing as badly as many companies in the oil and gas drilling and exploration sector with the stock only down 13.19% so far this year. Until the sector stabilizes and oil begins to recover, the stock is likely to continue its downward trend making it a sell.
Whiting Petroleum Corp(NYSE:WLL) declined 1.25% or $0.47 to close at $37.24 yesterday, on active trading of 11.837 million shares compared to its three month average trading volume of 8.807 million shares. The share price has been volatile recently, on rumors that the company is looking for a buyer and has hired consultants to facilitate a sale. Whiting Petroleum Corp is one of the few gainers in this sector so far this year, with the stock up 12.85% year to date and 1.69% over the last 52 weeks making it a worthwhile hold.
Bill Barrett Corporation(NYSE:BBG) continued to trend downwards yesterday, dropping another 5.75% or $0.52 to close at $8.53 on slightly higher than average trading volume, with 2.606 million shares trading hands. The stock has lost 25.11% so far this year which has driven its RSI down to 32.73. With Bill Barrett Corporation now trading down 65.37% for the last 52 weeks compared to the S&P 500 which is up 8.84%, the company may be reaching a point where it is significantly undervalued and if oil starts to gain, worth buying again.
UltimateStockAlerts.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word ULTIMATE to 555888 from your cell phone.
UltimateStockAlerts continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: UltimateStockAlerts is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.