Oil Names On The Move (NE, APC, BP, RIG, USO)

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Investors looking for bargains should take a look at some of the oil related stocks moving higher today. For example, deepwater driller Noble Corporation
NE
has jumped 4.56% to $32.32. The company recently announced its acquisition of Frontier Drilling, a development that investors seem to be reacting to positively. Noble (
NE
) has climbed nearly 20% in the last month. Shares of beaten down Anadarko Petroleum
APC
have gained 2.85% to $37.12. Anadarko (
APC
), who owns a stake in the Macondo well which is gushing oil in the Gulf of Mexico, has lost over 40% in the last 6 months. BP
BP
is also moving higher today. The shares have added 1.18% to $29.22. Over the last 5 trading days, BP is in positive territory, although not by much. For investors who are willing to take on a ton of risk, BP, for the first time, might be an interesting stock to look into. Transocean
RIG
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, the company who leased the Deepwater Horizon rig to BP, has surged 5.63% to $48.94. Over the last six months, RIG has shed over 40%. Interestingly, these oil names are having very good days despite the fact that crude oil fell sharply during Thursday's session. NYMEX futures fell almost 4% to $72.68. The United States Oil Fund ETF
USO
has plunged 3.53% to $32.76. Learn how to find the best
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