Memorial Production Partners: If You Liked It At $15, It Is A Steal Now

Back in February, I tagged Memorial Production Partners (MEMP) as my favorite oi-related play. Overall, MEMP was a great trade, but I had intended to hold it for a much longer time. After breaking its 50-day moving average for the second time in March, I put MEMP on the “sell” list. I sold on the … Read more

A Reduction in the Speculative Sparkle for the Oil Trades

I am extending a hat tip to a friend who sent the following Seeking Alpha news alert on what must be the most bearish prediction on oil out there from a major analyst…. “The recent surge in oil prices is just a ‘head fake’ and West Texas crude as cheap as $20/bbl may soon be … Read more