Baytex Energy
Who are they?
Baytex Energy Trust operates as an open-ended unincorporated investment trust. The company, through its subsidiaries, engages in acquiring, developing, exploiting, and holding interests in petroleum and natural gas properties and assets primarily in the provinces of British Columbia, Alberta, and Saskatchewan in Canada, as well as in North Dakota and Wyoming, the United States.Analyst opinion:
Fourteen analysts cover the stock, nine of whom give it an 'Outperform', two 'Buy', two 'Hold' and just one a 'Sell'. The 1-year consensus estimate is $35.14.
Zignals opinion
We are still awaiting the first trading strategy or trading idea featuring Baytex Energy.
After cracking above $32.50 in mid-June last week's sell off has dropped the stock back inside its former range. Typical behaviour in these scenarios is a push back to support ($27.50) and then worse - but for now prices are holding the upper range with $34.00 a good place for a Zignals breakout Alert with a protective alert on a break of $27.50.
Gensis Energy L.P.
Who are they?
Genesis Energy, L.P., together with its subsidiaries, operates in the midstream segment of the oil and gas industry in the Gulf Coast area of the United States. The company operates through four divisions: Pipeline Transportation, Refinery Services, Industrial Gases, and Supply and Logistics.Analyst opinion:
Five analysts cover the stock with three 'Buy' ratings and two 'Hold' recommendations. The 1-year consensus target is $21.25.
Zignals opinion
So far there are no trading strategies or trading ideas featuring Genesis Energy.
The stock is nicely poised inside a narrow range of $19.00-$19.50. The stock is benefiting from the 20-day MA cross above the 50-day MA (not shown). A Zignals Stock Alert for a price move within 1% of the 20-day MA might be a good buying opportunity. Momentum players may instead want an Alert for a close above $20.25. A protective Alert can go on a break of $19.00.
The measured target from the May-June base is $23.50 but should the larger market take another step down it will find it hard to swim against the tide.
Whish stock failed to meet the active screen standard?
Seaspan Corporation (SSW)
Dr. Declan Fallon, Senior Market Technician for Zignals.com, home of stock alerts, stock charts, portfolio manager, stock screener, trading strategy builder, trade timer and the trading strategy marketplace. Declan offers a range of stock trading strategies for global markets including forex and commodities and is the author of Market Commentary at Fallondpicks.com
