Oil Stocks: The Haves…and the Have-Nots

Wunderlich's Irene Haas and team argue that energy explorers are still divided between the "haves" who can issue new stock--think Callon Petroleum ( CPE ), Energen Resources ( EGN ), Matador Resources ( MTDR ), Oasis Petroleum ( OAS ), and Pioneer Natural Resources ( PXD )--and the "have-nots," who will be forced to file for bankruptcy, despite the fact that oil appears to have bottomed. They explain: