Death cross in matter of daysWe have 52 week low. As correction continues chances are we will see further lows with few dead cat bounce as the sector is very sold. The 50 sma is very close to breaking below 200 sma. The stock has multi year strong base around $17.30 which should be a good entry point if it ever gets there. If the oil remains weak for a while then most likely it will break below $20. Everything is based on oil price.
Once the oil settles & the correction is over. This would be good pick for energy sector. Nice dividend. They have relatively less exposure to oil price & most of the income is from royality. At this time the stock is droping at the same pace & mommentum as other oil producers.