by Stan Heller
November 26, 2014
With OPEC’s decision looming on whether or not to cut oil production, VectorVest’s Retirees Income Model Portfolio this morning sold three energy-related stocks vulnerable due to the uncertainty. Vermillion Energy (VET), Pason Systems (PSI), and Methanex (MX) were sold this morning. All three stocks have been trading lower this week. VET and MX received VectorVest’s SELL rating this morning. The three stocks are all good buy candidates if the market responds favourably to OPEC’s decision expected tomorrow, Thursday, Nov 27. Until then, downside risk outweighs upside potential.