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Have Oil and Gas Drillers (XOP) Drilled Deep Enough?

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

One of the most badly-battered sectors of the market has been in the oil and gas space. The XOP, shown below, actually pushed below its lowest prices in history, including the depths of the financial crisis, just yesterday. I’m not buying it, but I thought I’d at least share the chart for your examination.

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