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Stock impact report

These 5 Oil Stocks Got Crushed in 2017 (at Least 1 Could Bounce Back Big-Time in 2018) [The Motley Fool]

Obsidian Energy Ltd. (OBE) 
Last obsidian energy ltd. earnings: 8/2 06:30 am Check Earnings Report
US:NYSE Investor Relations: obsidianenergy.com/investor-centre
Company Research Source: The Motley Fool
While oil prices recovered in 2017, these oil stocks went in the opposite direction. However, that could change for at least one of them in 2018. Oil prices recovered sharply in 2017, rallying more than 10% and ending the year up above $60 a barrel -- a more than two-and-a-half year high. That pricing level should have fueled a huge rally in oil stocks. However, that wasn't the case this year, since most oil stocks lost value. In fact, several got crushed, including the five on the chart below: Oil Stock Performance in 2017 Bill Barret Corporation ( NYSE:BBG ) -26% Obsidian Energy ( NYSE:OBE ) -31% Cenovus Energy ( NYSE:CVE ) -39% Pengrowth Energy ( NYSE:PGH ) -44% Whiting Petroleum ( NYSE:WLL ) -45% Data source: YCharts. Performance through Dec. 29, 2017. Here's a look at what caused these oil stocks to plunge in 2017 and why at least one of them could bounce bac Show less Read more
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