The Speculative Stocks....

[EricL]

XOM with another big day, up 4.3%, and now up more than 50% from 52-week lows.

CVX up 3%, now up 85% from the lows.

EOG up 6%, now up 90% from the lows.

Rig count dropped another 33, and are now below 2016 lows.

Date Oil Rig Count
1/2/2009 346
6/5/2009 179
1/8/2010 427
1/7/2011 777
1/6/2012 1,191
1/4/2013 1,318
1/3/2014 1,378
1/2/2015 1,482
1/8/2016 516
5/27/2016 316
1/6/2017 529
1/5/2018 742
1/4/2019 877
1/3/2020 670
3/13/2020 683
3/20/2020 664
3/27/2020 624
4/3/2020 562
4/9/2020 504
4/17/2020 438
4/24/2020 378
5/1/2020 325
5/8/2020 292