• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 19 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 7 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 1 hour Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 3 hours Saudi Fund Wants to Take Tesla Private?
  • 3 hours Starvation, horror in Venezuela
  • 12 hours Venezuela set to raise gasoline prices to international levels.
  • 4 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 6 hours Are Trump's steel tariffs working? Seems they are!
  • 2 days Batteries Could Be a Small Dotcom-Style Bubble
  • 2 days Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 days Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 1 day Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 17 hours Corporations Are Buying More Renewables Than Ever
Alt Text

Why Is Big Oil So Excited About Alaskan Crude?

Alaskan officials have just published…

Alt Text

EIA: U.S. Oil Production Growth Is Slowing

The EIA has revised down…

Alt Text

The Productivity Problem In The Permian

The pipeline capacity crisis in…

Martin Tillier

Martin Tillier

More Info

Trending Discussions

Halliburton (HAL) Has Disappointed In The Past, But Is Worth Another Try

“Once bitten, twice shy” is an old adage that should not be in the lexicon of any trader or investor. Just because a strategy or individual play didn’t work out once doesn’t mean it won’t the next time. If anything, an unforeseen short term drop in a stock that you have identified as undervalued from a long term perspective just means that, when it does start to rise, the ascent will be quicker than you might otherwise expect. Going back to the idea, when the time is right, is still a good trade even if the last attempt resulted in a loss. Halliburton (HAL), for example, is a stock that I have recommended in the past, but the fact that oil prices have languished and the result of that has come through in earnings and projections has led to several false starts. Despite that, it still looks like a good buy in front of next week’s earnings figures.

To be clear, I am not suggesting that you hold onto things forever and hope that they come back. Those who take an active role in managing their accounts should always be seeking to be making money from the maximum amount of their trades. Sitting on a loser because you believe it will come back some day is just leaving dead money sitting around; money that, in the short term could be better deployed elsewhere. If, however, your disciplined approach to account management leads to you cutting a position when it hits your stop loss level, that simply indicates that your timing, not your long…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News