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Transcripts For CNBC Power Lunch 20160209

Iea saying the global glut say that ten times fast is bigger than thought. And the risk of Oil Prices Falling further has increased. That this has nearly every oil Company Stock lower again today despite some of the bigger names likes exxon, chevron, shell and others being in the middle of a mini rally this month. Self ron up 2 this past week. And exxon mobile up about 6 . Joining us now chris kelly, he covered the oil sector for janice. Chris, listen, lets try to focus the whole story through one stock. That is a name you like. Enterprise products, he pd. Their numbers werent terrible. Their earnings per unit down a little bit but better than expected. Volumes, okay. Gross margins, okay. Yet the stock is being absolutely pumeed. Are we seeing and this maybe is just one example of it indiscriminate selling at this point without regard to fundamentals . Hi brian thanks for having me. I think we are having some technical macrodriven elements of the market outside of fundamentals. To be c

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