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Crude oil won’t recover: Parsley Energy Inc (PE), Occidental Petroleum Corporation (OXY), Penn Virginia Corporation (PVA)

The rally in oil won’t last, energy analyst Tom Kloza said Thursday.

“I suspect that this rally that we are seeing in the last couple of days is a little bit of a foolish rally,” OPIS’ head of energy analysis told CNBC’s “Squawk on the Street.” “And we’ll retest the lows late in February, March, when refineries go to maintenance, so I still think we’re going to test that December 2008 level of $32.40 to $33. I don’t suspect we will get beneath it, but you never know.”

U.S. crude was priced at about $37.99 a barrel in early afternoon trading, up 1.3 percent.

Kloza said it’s going to be a long time before crude oil truly recovers.

“I think there is hope for the bulls, but I think to be bullish, you have to be looking for maybe a price of $50 or more, and it would be late in 2016,” he said. “Otherwise you need something geopolitically, and beyond ISIS, something that threatens oil fields or some of the oil production. … So it’s going to be a long slog before crude oil really recovers.”

Parsley Energy Inc (NYSE:PE) dropped -1.00% at the end of recent close. Its previous 52-week high was $20.33, trading at a volume of 658,121.Shares have risen -1.39%  over the trailing 6 months. The stock is currently trading -2.57% below its SMA 50 and 5.49% above its SMA 200.

Occidental Petroleum Corporation (NYSE:OXY) share price increased in the last trading session with a previous 52-week high of $80.41. The stock traded at a volume of 2,206,369 shares at a price loss of -0.01 %.The share price is now up 5.80% for the past three months. Latest closing price was -3.86% below its 50-day moving average and -3.95% below its 200-day moving average.

Penn Virginia Corporation (NYSE:PVA) closed at $0.37, up 1.09% from previous close and at a distance of -1.07% from 20-day simple moving average. Over the last 12 months, a return on equity of -93.90 percent was realized due to the financial situation and earnings per share reached a value of $-7.78 earnings are projected to move up 10.00 percent for the coming five years.