Article Overview
In one of the most challenging times for the energy industry, the focus of companies is not on growth, but on survival.
If we look at the broad energy industry, Whiting Petroleum Corporation (WLL) is the first major casualty with the company filing for bankruptcy. In my personal opinion, Chesapeake Energy (CHK) is not far behind.
Therefore, the sentiment related to the industry is bearish and this has translated into several stocks being oversold. This creates some trading opportunities, but investors need to be cautious.
Among stocks that have