Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Canadian oil and gas explorer TransGlobe Energy
So what: Today's global sell-off was sparked by South Korea's key interest rate increase, fueling speculation that China will follow suit in the next few days. Naturally, Mr. Market is worried that a Chinese rate hike would work to cool the country's growth, weaken its appetite for basic materials, and, in turn, hurt energy producers like TransGlobe Energy.
Now what: Even oil behemoths ExxonMobil
Interested in more info on TransGlobe Energy? Add it to your watchlist by clicking here.
True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Fool's disclosure policy always gets a perfect score.