If oil is up why r my energy stocks down?

Quote from chrismontez:

"Son, because stocks are set to have a good sharp pullback here, there is no more dumb money left to buy your stocks now. Lessons learned the hard way."

Well that's a buy sign if ever I heard one. I just added to my GSF calls that I'm up $420 on.
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I'm very bulling on GSF too. I sold out good gains a week ago, but i'm not sure about pulling the trigger again at this point. I took numerous long positions in NBR but i'm in the negative on those.
 
Well with earnings report coming up I would expect them to run COP down since I think earnings will be good this quarter. I went long on some VLO calls recently, not a good move but will wait til my short Nov calls expire before trading my long Feb calls.
 
Quote from Cutten:



If you want to profit directly from price rises in oil, then you should buy oil futures, not oil stocks. Only buy oil stocks if you are bullish on oil *and* stock prices in general, or if oil stocks are pretty cheap relative to future oil prices.
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It is difficult to trade options on oil futures. Oil stocks seem to be the only way to do this electronically.

Gold stocks seem to track the gold price better for some reason.
 
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