The E&P Heatmap at the close today can't tell a more straightforward story...
above 50, 100, 200 dma - CLR, PXP, CVX, NOG, KOG, AREX, a few of which are within 10% of 52-week highs
below 50, 100, 200 dma - PVA, ECA, BBG, CHK, SWN, CRZO, SD, NFX, a handful of which are within 10% of 52-week lows
Its worked for a bit now, but the long oil / short gas trade may be the gift this holiday season that keeps on giving. Forget scaring your children with the thought of Santa leaving a lump of coal, if you really want to keep them in line, tell them Santa leaves natty gas for the really bad kids.