BTU, CHK, SDRL - energy stocks under pressure

With the broader market continuing to see some weakness, it was a particularly bad day for most energy related stocks. Peabody Energy (BTU), Chesapeake Energy (CHK), and Seadrill (SDRL), settled lower by -6.4%, -4.5%, and -2.9% respectively. Near/mid term outlook remains bearish.


BTU, daily

CHK, daily

SDRL, daily

Summary

Suffice to say.... a bad day for most energy stocks... near term outlook is bearish.... and mid term outlook into the summer doesn't look great!

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*I would like to clarify that I have long term confidence in the viability of all three companies (even the stinky coal miner of BTU!).. but for now.. the prices are wrong... and time.. is still not right.

Three to watch... into the summer.