Seven Energy Names You Need To Know

From the Desk of Ian Culley @IanCulley

I started at the top last week, laying out my bullish energy thesis with five charts.

Energy commodities are reclaiming critical levels. They’re outperforming their alternatives. And buyers continue to support a healthy demand for crude oil distillates.

What’s not to like?

Today, I’m drilling down to individual stocks, highlighting five trade setups I didn’t cover in last Wednesday’s What the FICC episode…

And these stocks look ready to rip!

First up is oil services. I like this group of stocks because the oil services ETFs $OIH and $XES are the strongest among industry groups.

Here’s Schlumberger LTD. $SLB, the $81B behemoth:

We highlighted SLB in early January in our Hall of Famers column. It's carved out a six-month base below our risk level since.

SLB has already broken out vs. the broader energy sector. I believe it’s only a matter of time before it breaks out on absolute terms.

I like buying SLB on strength above 60, targeting 88 by Christmas.