Ideal time to short oil stocks

Looks like an ideal time to short the oil stocks. Everything is breaking down. When a heavily owned sector starts a down move the exits are normally jammed. As I have said so many times earlier the oil sector has put in a long term top.

June 16, 2006 post


The energy sector has seen a multi year high. Expect many years of under performance from this sector. The bounce in last two days does not matter. Majority of these stocks are not going to see their high again. Alternative fuel, coal, oil, gas all these sectors will not regain the leadership for long time to come. Every rally in the energy sector is a shorting opportunity.
Some good candidates ready for blood bath.

ALJ,Alon USA Energy Inc
APA,Apache Corp
APC,Anadarko Petroleum Corp
APL,Atlas Pipeline Prtnrs Lp
ATLS,Atlas America Inc
ATW,Atwood Oceanics Inc
BHI,Baker Hughes Inc
BP,Bp Plc
BPL,Buckeye Partners (L.P.)
BRG,Bg Plc
CAM,Cameron International Corp
CEO,CNOOC Ltd Adr
CLB,Core Laboratories N.V.
CNQ,Canadian Natural Res Ltd
COG,Cabot Oil & Gas Corp
COP,ConocoPhillips
CPNO,Copano Energy Llc
CVX,Chevron Corp
DO,Diamond Offshre Drilling
DRQ,Dril-Quip Inc
DVN,Devon Energy Corp
E,ENI SpA ADS
ECA,Encana Corporation
EEP,Enbridge Energy Partners Lp
EEQ,Enbridge Energy Mgmt
EOG,Eog Resources Inc
EON,E.On Ag Ads
ERF,Enerplus Resources Fund
ESV,Ensco International Inc
ETP,Energy Transfer Pntr Lp
FTI,Fmc Technologies
GI,Giant Industries Inc
GRP,Grant Prideco Inc
GSF,Globalsantafe Corp
HES,Hess Corp
HOC,Holly Corp
HYDL,Hydril
IEO,iShares Dow Jones US Oil & Gas Exploration & Production Index Fund ETF
IEZ,iShares Dow Jones US Oil Equipment & Services Index Fund ETF
KMG,Kerr-Mcgee Corp
KMP,Kinder Morgan Energy Partners LP
KMR,Kinder Morgan Mgmt Llc
LSS,Lone Star Technologies
LUFK,Lufkin Industries Inc
MRO,Marathon Oil Group
MUR,Murphy Oil Corp
MVK,Maverick Tube Corp
MWE,Markwest Energy Partners Lp
NBL,Noble Energy Inc
NE,Noble Corp
NFX,Newfield Exploration
NXY,Nexen Inc
OKS,Oneok Partners LP
OXY,Occidental Petro Cp
PAA,Plains All Amer Pipeline
PBR,Petroleo Brasileiro S.A. Petrobras ADS
PBR.A,Petroleo Brasileiro S.A. Petrobras ADS Class A
PCZ,Petro-Canada
PETD,Petroleum Development Corp
PGS,Petroleum Geo-services Asa
PPP,Pogo Producing Co
PTR,Petrochina Co Ltd Ads
PVA,Penn Virginia Corp
PWE,Penn West Energy Trust
PXD,Pioneer Natural Rescs Co
PXP,Plains Exploration & Prod
RDS.A,Royal Dutch Shell plc Class A ADR
RDS.B,Royal Dutch Shell plc Class B ADR
RIG,Transocean Inc
SFY,Swift Energy Co
SGY,Stone Energy Corp
SII,Smith Internat Inc
SLB,Schlumberger Ltd
SM,Saint Mary Land & Explor
SNP,China Petro & Chem Ads
SU,Suncor Energy
SUN,Sunoco Inc
SXL,Sunoco Logistics Ptnrs Lp
THX,Houston Exploration Co
TNT,Tatneft Ads
TOT,Total Sa Ads
TSO,Tesoro Corp
UCO,Universal Cmprssn Hldgs
UNT,Unit Corp
UPL,Ultra Petroleum Corp
VLI,Valero Lp
VLO,Valero Energy Corp
VTS,Veritas Dgc
WFT,Weatherford International Ltd
WGR,Western Gas Resources
WHQ,W-h Energy Services Inc
WLL,Whiting Petroleum Corporation
XOM,Exxon Mobil Corporation
XTO,Xto Energy Inc
XTXI,Crosstex Energy