The stock market here in the US continues to hit record highs, and yet there appears to be a widening gap between sectors that are doing well and those that are not.
Oil & Gas in particular has been in a wild tailspin downwards as the abundance of oil supply continues to outpace demand. Fears of a recession amidst an energy supply disruption found in shale plays continues to stall out the sectors potential.
A few wildcard hail-marys to consider:
- UNT - Unit Corp.
- CHK - Chesapeake Energy Corp.
A leading shale driller and a huge natural gas company, both highly leveraged and in choppy waters when it comes to debt loads. But can asset sales and a low interest rate environment save them?