RE:Why are ALL oil stocks down today? WTI and Brent futures were red today, not by much though. And I think Baytex and other Canadian OGEP companies fall under WSC? WSC was -7% in the red today lol. WSC is garbage right now, seriously selling at a 60% discount compared to WTI, its really pathetic. Also, oil futures and OGEP stock prices don't correlate 100%. Stocks move also by investors/traders emotion or they just want to take profits.
InvestoRob wrote: Wti and Brent trading at 4 year highs. Why are all oil stocks and oil etfs down today? Am I missing something?