Quick Win by the Algorithm

On December 1, 2016, the I Know First algorithm had predicted a bullish forecast for Vanguard Natural Resources LLC. (VNR). VNR had a signal of 9.32 and a predictability of 0.18. In accordance with the algorithm, the company reported long-position capital gains of 56.79% experiencing a quick win by the algorithm.

Vanguard Natural Resources LLC. (VNR) is an independent natural gas and oil company. The Company develops and exploits mature, long-lived natural gas and oil properties. Vanguard’s primary business objective is to generate stable cash flows allowing them to make monthly cash distributions to their unitholders.

On Wednesday, OPEC released a statement that they would cut 1.2 MMBOPD of production on oil. They agreed that they would cap production at 32.5 MMBOPD, reducing global output by 1%. This agreement sent oil company stocks up because of the reduced production and continuous demand. VNR, among many other oil companies, is benefitting from the stable demand for oil and will continue to through the year because of the production cut. Some countries, Indonesia for example, have removed themselves from membership with OPEC which allows Iran to cap production at 3.797 MMBOPD .

This bullish forecast on VNR was sent to current I Know First subscribers on December 1, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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