Thursday, February 6, 2014

Oasis Petroleum Inc. (NYSE: OAS)

Oasis Petroleum Inc., an independent exploration and production company, engages in the acquisition and development of oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin. Its primary projects are located in West Williston, East Nesson, and Sanish. As of December 31, 2012, the company had 335,383 net leasehold acres in the Williston Basin; and had approximately 143.3 million barrels of oil equivalent of estimated net proved reserves. Oasis Petroleum Inc. was founded in 2007 and is headquartered in Houston, Texas.
Please take a look at the 1-year chart of OAS (Oasis Petroleum) below with my added notations:
1-year chart of OAS (Oasis Petroleum)
OAS has had a rough slide over the last 3+ months. Along the way the stock has created a clear down trending resistance (red). In addition, the stock has a key level at $40 that has been support and resistance off and on throughout the entire year. At some point soon the stock will have to break one of those two levels.

The Tale of the Tape: OAS has a key level of support at $40 and a down trending resistance that currently sits near $44. A long trade could be made at $40, or on a break through $44, with a stop placed below the level of entry. However, if the stock were to break below $40 traders might want to look to get short on the stock.
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TOM DEMARK: The Next Two To Three Days Are ‘Extremely Critical’ For The Stock Market — It May Crash 40%

Noted market-timer Tom DeMark did not sound optimistic about the prospects for stocks in an interview with CNBC this morning.
DeMark compared today’s market to that preceding the Black Friday crash in 1929.
“When the market made its high on September 3, [1929], there were 23 subsequent trading days where the Dow Jones Industrial Average had a short-term bottom,” he said.
“23 days aligns with the low end on Monday. And subsequent to that, we had a four-day rally, and then the market unraveled — went down 48%. We are currently at that inflection point. Like I said, so far, everything is aligned. We think the next two to three days are extremely critical.”

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Major Global Market Rumblings, Turmoil & Black Holes: Louis Yamada / February 5, 2014
With significant global market declines and continued turmoil as we move through the early part of 2014, today King World News is pleased to share a piece of legendary technical analyst Louise Yamada’s “Technical Perspectives” report.  Yamada is without question one of the greatest technical analysts Wall Street has ever seen.  This information is not available to the public and we are grateful to Louise for sharing her incredible work with KWN readers globally.
The portion below has an extremely interesting chart and is just a very small portion of what Yamada covered in her fantastic 48 page piece.  A link to subscribe is located at the bottom of the piece.
By Louise Yamada Technical Research Advisors, LLC (“LYA”)
February 5 (King World News) – Major Global Market Rumblings, Turmoil & Black Holes
U.S. STOCK MARKET: Rumblings Under the Surface Suggest Defensive Action.
January got off to a bad start with the S&P 500, NYSE and DJIA highs put in place the last day of December.  (Our December Interim Update now appears simply premature.)  Thereafter, the incremental volume carried little progress in taking these markets higher, suggesting short-term churning (profit-taking under the surface).  January has now ended as a down month, not a positive indication for the year ahead.
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Chart of the Day - Senomyx (SNMX)

The Barchart Chart of he Day is Senomyx (SNMX). I found the stock by using Barchart's Percent Advance list, sorted for frequency in the last month, then used the Flipchart feature to review the charts. Since the Trend spotter signaled a buy on 10/7 the stock has gained 214.86%.
SNMX is using proprietary taste receptor technologies to discover and develop novel flavor ingredients. These include new flavors such as Savory Flavors and Cooling Flavors, as well as flavor modulators such as Bitter Blockers and enhancers of Sweet and Salt tastes. It is also engaged in a new effort to discover and develop natural high-potency sweeteners. The Company has product discovery and development collaborations with global food, beverage, and ingredient supply companies, some of which are currently marketing products that contain Senomyx's flavor ingredients.

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Score a Potential 70% Total Return With Alon USA Partners LP (NYSE: ALDW)

Dividend hungry investors are accustomed to the occasional hiccup. If business trends slump, then the board may be forced to trim the payout a bit. But when a company tells investors that the dividend has been cut to zero, investors vote with their feet.
That's what happened back in November, when Alon USA Partners LP (NYSE: ALDW), the master-limited partnership (MLP) of Alon USA Energy (NYSE: ALJ), announced an unexpected quarterly loss and a suspension of its quarterly dividend.
ALDW Stock Chart
Yet a deeper look into this dividend debacle is warranted. Despite the suspended dividend in Q4, ALDW paid out $2.76 per unit in 2013. And as this company regains its footing, shares have robust upside, and the future yield is likely to handily exceed 10% based on the current lagging stock price.  (more)

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