- Energy is the topic and Oil and Gas is still the Big Dog in Energy.
- EQT Corp (EQT) is a leader in Natural Gas with large cash flows for Dividends and share buy-backs
- Vermilion Energy (VET) an International company with operations in the North Sea and Eastern Europe. Company is paying down debt, raising dividends and buying back stock.
- Selling in the price today in EQT & VET, Feb 1, looks like a good entry for a short-term trade.
EQT Corp (EQT)
Bollinger Bands are trading bands that indicate extended moves (Over-bought or Over-sold) from the current 20-day moving average trend. Short-term trades and often be made when the price extends to the out-side bands. Both companies are strong low P/E companies with share buy backs and growing dividends. The push downs in price today could well be short-term buy for a trade. We certainly like both for buying now for longer term holdings. We like the macro view for oil & gas going into the year-end. On a long-term basis, we might be early but GasBuddy is saying $4.00 gasoline could be here by April ’23.
FROM TIPRANKS:
Written February 1, 2023, by Tom Linzmeier, for Tom’s LOTM Blog at https://lotm.substack.com/.
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