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Actionable news in WLL: WHITING PETROLEUM CORPORATION,

Whiting Petroleum Will Decline As Doha Deal Fails

Trading Idea - Whiting Petroleum (NYSE: WLL) has surged by 202% since February 25, 2016 on higher oil prices and slashing of investments for 2016, but the stock is due for correction as the Doha deal failed and oil is likely to decline. A 20% to 25% correction from current levels is entirely likely from current levels of $10.7.

Idea Rationale

First, Whiting Petroleum’s surge by 202% within 2 months itself has take the stock to overbought levels in the near-term and a correction was expected as investor’s book profits. The failure of the Doha...


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