Energy Sector Alpha Can Be Found; Lists 12 Buys: MKM’s Krinsky
2015-03-25 11:50:29.985 GMT
By Andrew Cinko
(Bloomberg) -- Looked at absolute and relative trends in
Energy sector so investors “can attempt to add alpha amidst a
choppy range-bound market,” writes MKM Partners technical
analyst Jonathan Krinsky in note.
* Among MLPs, buys: ALDW, BPL, CPLP, ENB, ETE, KMI, PAGP, SEMG
* Sells: CNP, NRP, SDLP, TOO
* Says Alerian MLP index has “no clear trend"; notes 410
holding as support, however needs to rally above 460
before ‘‘durable bottom’’ formed
* Says Alerian MLP index has “no clear trend"; notes 410
holding as support, however needs to rally above 460
before ‘‘durable bottom’’ formed</li></ul>
* Refiners are ‘‘best group’’ in the sector, doesn’t see that
ending in S-T; buy VLO, sell HFC
* Integrated cos 2nd best group, says buy BP, sell XOM
* Oil Services remain in ‘‘clear downtrend’’ on both absolute
and relative basis; buy BHI, sell SDRL
* E&Ps ‘‘vulnerable’’, may have new leg lower; buy XEC, sell
OAS
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Andrew Cinko in New York at +1-609-279-4533 or
cinko@bloomberg.net
To contact the editor responsible for this story:
Larry DiTore at +1-212-617-1603 or
lditore@bloomberg.net
2015-03-25 11:50:29.985 GMT
By Andrew Cinko
(Bloomberg) -- Looked at absolute and relative trends in
Energy sector so investors “can attempt to add alpha amidst a
choppy range-bound market,” writes MKM Partners technical
analyst Jonathan Krinsky in note.
* Among MLPs, buys: ALDW, BPL, CPLP, ENB, ETE, KMI, PAGP, SEMG
* Sells: CNP, NRP, SDLP, TOO
* Says Alerian MLP index has “no clear trend"; notes 410
holding as support, however needs to rally above 460
before ‘‘durable bottom’’ formed
* Says Alerian MLP index has “no clear trend"; notes 410
holding as support, however needs to rally above 460
before ‘‘durable bottom’’ formed</li></ul>
* Refiners are ‘‘best group’’ in the sector, doesn’t see that
ending in S-T; buy VLO, sell HFC
* Integrated cos 2nd best group, says buy BP, sell XOM
* Oil Services remain in ‘‘clear downtrend’’ on both absolute
and relative basis; buy BHI, sell SDRL
* E&Ps ‘‘vulnerable’’, may have new leg lower; buy XEC, sell
OAS
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Andrew Cinko in New York at +1-609-279-4533 or
cinko@bloomberg.net
To contact the editor responsible for this story:
Larry DiTore at +1-212-617-1603 or
lditore@bloomberg.net