Sell Oil & Gas Exploration & Production - Take Risk off the Fringe of Energy

In my recent report, Why Energy is in Serious Danger Again, I suggested investors in the energy sector prepare for another significant downturn near-term. That is especially true for investors at the fringe of risk, in energy exploration and production firms. So, I suggest investors with recent paper gains in the SPDR Oil & Gas Exploration & Production ETF (NYSE: XOP) take profits here. I believe the security could retest February lows near-term on the same fundamental catalysts that I see pressuring oil. See more on why I say sell the Oil & Gas E&Ps here.

Top 10 Holdings of XOP ETF	Gain Since February 24 Close
Cabot Oil & Gas (NYSE: COG)	11.5%
Antero Resources (NYSE: AR)	2.7%
Gulfport Energy (Nasdaq: GPOR)	4.7%
EQT Corporation (NYSE: EQT)	12.9%
Exxon Mobil (NYSE: XOM)	3.0%
Range Resources (NYSE: RRC)	31.6%
Occidental Petroleum (NYSE: OXY)	-0.3%
Parsley Energy (NYSE: PE)	31.8%
Southwestern Energy (NYSE: SWN)	8.1%
Chevron (NYSE: CVX)	11.2%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).