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Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

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Tread Lightly In December’s Energy Markets

Oil rig

Lots of energy activity recently would look like opportunities anytime else during the year. But I warned you all in my last column about the trials of December investing – tax-loss selling, hedge fund managers looking to lock in profits, volatility without reason – and despite some weird action in some stocks that defy explanation, I’d still exercise caution instead of enthusiasm.

One example is Centennial Resources (CDEV), a long-term favorite, dropping from $21 to $19 on nothing that I can see – except a likely desire to book a big energy winner where there have been so few in 2017. If it were any other time of the year, I’d say this is a great opportunity to grab more. But in December, I always advise small moves and caution. (for myself, too). Don’t destroy the good work we’ve done in the last 4 months with a panicked move in the last 2 weeks of the year. You can take a little profit – sure. You can add a little to a position on a down tick. But no, don’t make a big move, either in putting massive capital to work, or taking enormous capital out. Not in December.

Tellurian (TELL) was another idea I floated several columns back – an alternative to look at besides Cheniere (LNG) to take advantage of LNG – one of the only natural gas opportunities I see in the next year. Obviously, I had no idea they were about to launch a secondary this week, which drops their share price, but also raises some…

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