. >> i want to talk about eog. upgraded over at deutsche bank.ay it's the biggest position you have right now? >> in the energy waiting, yeah, i do. i like the management. they've done a good job in terms of hanging in the best and challenging environment, but the quarter was good and guidance was good. >> you bought more today? >> i did. and same analyst downgraded oxy, and i trimmed some. i'm overweight there, 4% yield, doing the right thins, but i made good money there, but putting that in eog because it's offense versus defense. i want in the decline we've seen and get more based in energy because i think in the fall, you will see oil prices gradually come up. >> what about the dollar issue the guys on futures now mentioned? i mean, it's significant. >> it's a big deal. >> potentially if there's a ramp in the economy, if the fed starts chattering. jackson hole looms. >> it is a big deal, but i think the dollar stays in trading range, and as long as it doesn't escalate from here, i think better growth and better economic data points we get lea

this is in a bull market mode, watch eog, oil's in a bull market.ch eog, pioneer, pxt. >> i want to come back to that after this opening bell. especially those equity offerings we were talking about. there it is, for this tuesday august nint9th, raising awarene for blood donations. over at the nasdaq, meridian communications, that's a mobile satellite communications company. >> i remember them. >> they came on -- iridum. >> they've been around all this time. >> remember global star? >> it's back. >> global star. >> all of those satellites still just looking for a home. >> you know, serious satellite is very strong. >> you don't know what the hello you're talking about. >> meanwhile, everyone's worried about disney after the bell. >> let's talk about that. >> people are still worried espn is too big and espn science won't that be well and they're still trying to be able to put it into perspective of, wait a minute, shanghai. the hit movie was "the secret life of pets." >> that was a big one, although disney had a series of hits. of course we know the

prices did recover, we saw immediately a strong response from oil producers and bullish comments from eog- saying that they would be happy to start drilling and fracking again which is promising future supply and putting a cap on prices rising above $50. yousef: i would like to get a more refined stance on where your forecast stands. q3 median estimate. from$46 a barrel. q4, $49. q1, $17. where do you stand? robin: that is around consensus and those are reasonable numbers from our view as well. prices will probably recover somewhat from the current level to about $40. they do have to rise. to go up significantly, they would have to have a real rebalancing of the market and not just talk. we are still seeing inventory still a lot ofd supply on the market. iran has come back a lot but not fully. we are looking towards the end of the year before we see a true rebalancing. we are anticipating that but we are not there yet. rishaad: to pick up on that rebalancing issue. when oil prices had dropped that to where they had, did that manyde an incentive for oil laden companies to cheat on their qu

>> i own a hodgepodge, and own chevron but also eog. and contra, much more bait tha and adding to on the recent deal. >> if you think, depends on review. oil straight up, $40, $60, stay with refiners. buy back share, consolidation. there's your game. >> utilization oof the refiners ramping up over the last eight weeks driving positive momentum. look more of an investment not a trade. that's the rule to look at. >> peanut butter jelly and autonomous cars. the trades in today's biggest movers ahead in "the blitz." and going hunting for names that still look cheap as a market hovers near all-time highs. it's a question we get from some of our largest banking clients. the face of their business was tellers. then atm's. today it's their mobile app running on the ibm cloud. across every transaction, the hybrid cloud helps their data move quickly and securely. our clients are building out features and pushing updates faster, on five continents. with the ibm cloud, they can move at the speed of any start-up. we're drowning in information. where

i've focused on best in breed high quality names like eog, chevron, schlumberger.any energy, i think whe think a better into the end of year. more beta. dover is one. dov. this company has margins 20 points below prior peak. so, therefore, if you think energy is going to recover, there is upside to margins. the company also posted orders upstream orders, in their most recent quarter, april to june, up 18%. free cash yield of 7% 2.3% dividend yield i like it in the industrial space. >> a new buy, too. scooped it up just lack we're. what about bhi? >> i like baker hughes. i like schlumberger. a little ballot ta on the bhi. a restructuring story. halliburton fell apart. they have to go back to square one, figure what they want to be. a restructuring plan in place. $500 million cost cut plan this year. they have margin upside. possible leverage to the balance sheet and $4 potentially in earnings power over the coming year. i like this one along with schlumberger. >> make you pivot, go retail. retail earnings coming up as well. tjx, home depot. thoughts on both stocks i

. >> we get more of the energy companies and eog, for example, later this week. of the big production companies. we'll see a little bit from them about when's going on. i can't keep dwelling on it but everything else was falling in place but now with energy down, it's not helping the earnings scenario. 's that what we care about. >> still looking for what the next catalyst is going to be to move us out of this very narrow trading range. >> we need some -- gdp and a one in front of it is not a big help overall and sort of stuck and this is what gundlock talking about. calling out the low earnings picture today of sell everything scenario. >> thank you, bob. idaho based ida corp. with the 100th anniversary here at the new york stock exchange. and at the nasdaq, it is olain farm with the dow down 25. time for the second hour of "the closing bell" with kelly evans and company. see you tomorrow, kelly. >>> thank you, bill. welcome to "the closing bell," everybody. i'm kelly evans. the dow going out down today. the nasdaq, though, positive for much of the session and u

eog last of the big exploration production companies.line smaller than expected loss and the trend is all these companies are the same. spending is down, but production is still high, still producing a lot of oil because they need to. they need the cash flow. they're all cash flow negative. so guidance for production is on the upside. they will drill more wells towards the end of 2016. by the way, they got an upgrade over at deutsche bank. you can see the chart here. they're going to increase production. by the way 10% a year, even if oil is $50 they will increase production, they will increase 20% if oil at $60. production levels not dropping. move on and talk about kraft heinz facing the same problem all the big companies are facing in the food space, that is limited revenue growth overall. they did a number above estimates. revenues were in line. lower input costs. all a good thing. they announced a dividend hike, one of the dividend darlings, already 2.7%, above the s&p. a lot of people love it for that. see that off of the 52-week h

worth notie ining that you're starting to get positives about eog, a great number, pioneer.0 million they bought 24,000 acres in the permian from rock oil. the permian, where you can buy oil for like 10, 15, $20 a barrel. >> right. >> very important to keep track of that. very interesting. >> it is. it's been such an interesting year for a lot of the mlps. i'm just looking at williams which is now up on the year. >> how is that possible? >> up 22%. kmi is up 39% this year. >> they cut the dividend. >> last year was horrible. >> the move surprise is energy transfer partners, you could have bought that stock at 18 and now it's at 42. big gains. i just find it extraordinary. extraordinary. it's where the action has been. >> it is. >> the natural gas pipelines, yes, natural gas, people forget these are very different fuels. natural gas, $2.60. natural gas is where a lot of the -- its taken over in terms of the big construction projects in texas and louisiana. they are all about taking natural gas liquids out. a fabulous business for america and the marcellus pipeline coming east

enp names, higher quality names eog, apache, i think are the places most levered to move up in oil. the places i'd be playing. but get down to valuations and i don't think the energy sector looks terribly interesting here. i'm somebody that's very constructive on the price of oil. i think we're 55 to 60 in the fourth quarter and moving higher from there. but i think the move as a correlation against the dollar because jackie brought up the dollar correlation and weakness, i think oil is not totally decoupling from the dollar but i think we're see ago breakdown. >> to me though, tim, tell me if you agree or disagree, it's been a low quality oil stock rally. i say that because chesapeake, sm, marathon, they're the best performing names. they're also some of the most heavily shorted, marathon more in the distribution and sort of big cap space. they're the ones that have done the best. >> they should have. and a lot of these guys were priced for bankruptcy. so if you think about the credit implications what was going on in oil in february and march, and i think $50 oil for much of the i