This concise article will be valuable if your trying to predict the energy sector stocks in the second half of 2009.

It’s too early to tell what the second half will bring in 2009, but Jim Cramer has been flailing around about oil prices and associated oil stock prices.

In March – May, Jim was saying that the energy sector along with tech and the financials were the three bull sectors leading the charge. Jim repeatedly said this was a true bull rally and not a bear rally or dead cat bounce.

But 10 days or so ago- three weeks into the down turn Jim changed his tune dramatically, saying the market was range bound and that the DOW could fall as low as 7,600 .Jim said oil’s highs were caused not by demand but a few speculators and that oil’s range was $45.00 – $55.00 down from the $65.00. a barrel it had been. He and Stephanie Link were going under weight on oils. Jim has not liked Exxon (XOM) for some time, he claimed he only liked Chevron (CVX) – but did not think there would be much action, that there just a good dividend. One day later oil is $62.00 a barrel.

On the open, one day later (7/15/2009) COP was up 1%, Schlumberger (SLB) and BJ Services (BJS) were up 2.2% and 1.1%. Mid day the DOW was up + 189 points, at 8548.

The market is a tough call and who knows what tomorrow will bring during earnings season, but Jim is switching his story a little to fast these days to be of much value to the average investor – he is acting more like a trader these days.

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