While stocks eventually rallied their way past flagging market momentum on Monday, the bears are out again this Tuesday, with most major indexes down at the time of this writing. It was a quieter news day on the macro front, with investors taking profits on a lower-news session. The market continues to await word on tax reform.

Today, the energy sector was the sectoral loss leader. Our Top Performer today is no exception: our users netted handy profits from shorting this energy stock.

Energy XXI Gulf Coast (EXXI): plummets after releasing financials.  

Energy XXI Gulf Coast announced results for Q3 2017. While overall oil production is solid, the company appears to be in dire financial straits. EXXI reported a net loss of $31.6 million, or $0.95 loss per diluted share.

Despite oil prices coming in slightly ahead of their own projections, EXXI is fighting to stem capital bleed on multiple fronts. Tropical weather ate into their production this year even as they tried to streamline costs. Meanwhile, an ill-fated adventure into the derivative market continues to place a substantial burden on the firm’s balance sheet. 13 of the 30 million in losses recorded come from those derivatives.

Despite management insistence on the forward-looking viability of their cost-cutting approach, investors were not enthused with the results, even as EXXI touts opening its first new well in years.  They sold the stock on heavy volume, driving it to losses over 30% at the time of this writing.

 For now, energy stocks continue to feature prominently in our Short Reports. With oil prices flagging and excess supply waiting in the wings, it could be a long several years for drilling stocks. Luckily, NewsQuantified users will profit either way.

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