In a new report, GMP analyst Bob Bakanauskas initiated coverage on a number of oil & gas E&P stocks. According to Bakanauskas, the bleak outlook for the space could be the best indication that the market has bottomed.

Bakanauskas believes that the next major move in oil prices is higher and predicts improvement in global oversupply in 2016 and a transition to undersupplied conditions by 2017.

“Our preference is for quality assets with low full-cycle development costs providing a competitive advantage,” he explains.

GMP expects that the world will once again need U.S. shale production growth within two years.

GMP has set…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!