TechTicker: Oil Prices Stabilize; EOG, APA, NOG Benefit

This is purely an investment press release from TechTicker. Take it for what it's worth.

Chris Edmonds, managing principal at FIG Partners Energy Research & Capital Group, says [oil] prices are likely range-bound for the time being. Current prices suggest healthy demand but he doesn’t expect prices to go much higher than $80 “until we get more clarity on the economy.”

Goldman Sachs says current prices are too cheap – telling clients this week prices are significantly lower than fundamentals warrant.

"Those who have resources to drill and exploit are those who will perform best over long periods of time," Edmonds tells Aaron in this interview.  Based on that he recommends investing in Apache, EOG Resources and Northern Oil and Gas.

Disclosure: Edmonds' firm has an investment banking relationship with Northern Oil & Gas.  He does not own shares of any of the stocks mentioned.

The article caught my eye for two reasons:

• There's a huge difference between EOG and NOG.
• I have shares of NOG but do not hold EOG or APA.

Had NOG not been mentioned, I may not have posted this particular story.