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

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, 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 stocks to trade each day in our 70 page E-Book and 90 minute online video for free.