In today’s Super Seasonals: Trade of the Week we will look at Coterra Energy Inc. (CTRA).
Coterra Energy Inc. is a diversified energy company, which engages in the exploration, development, and production of oil and natural gas properties. Its portfolio includes projects in the Permian Basin, the Marcellus Shale, and the Anadarko Basin. The company was renamed to Coterra Energy Inc. on October 1, 2021 in connection with the merger involving Cabot Oil & Gas Corp. and Cimarex Energy Co. Coterra Energy was founded in 1989 and is headquartered in Houston, TX.
Recent snippets of the stock’s performance are healthy…
Below are the seasonal patterns that the software uncovered. There was a recent bullish price gap from the $27 price “area”. Price might try to fill that gap in the near future, and potentially push up towards the $33-$35 price level over the next few months.
Below are the past 5-10 years of the seasonal pattern…
Below is a “backtest” if $1,000 was invested to buy and sell shares at the seasonal time patterns…
As you likely know, there are literally dozens of solid ways to approach trading Coterra Energy Inc. (CTRA) with a bullish bias. The decision of how to best invest in the stock or trade the options is an individualized decision, unfortunately there is no one best way. Keep in mind that seasonality is about probabilities, not certainties. Please remember to fully understand the risk before trading anything. It’s recommended to do your own research and consider consulting with a financial advisor before investing in any stock or options trade.
To learn more about seasonal information on other solid opportunities, click here SuperSeasonals.
Trade Smart,
Chad Shirley
