Could we see $100 per barrel oil in the next 12 months? The answer is yes. The reason why is because the only person on the planet who can $100 per barrel oil happen is very motivated to do so. The Prince’s Plan Requires High Oil Prices We need to... Learn more
Spartan Energy–which I think was the best junior oil producer in Canada (i.e. best free cash flow/low cost producer)–sold itself to Vermillion Energy (VET-NYSE/TSX) for 4.5-5x EBITDA. I think that’s a very low valuation. It was a paltry 5% premium over the previous day’s close. This is a huge negative... Learn more
This has to be the most bullish oil market chart that any of us have seen in years. Take a deep long look at it and then let’s discuss… I told you……this is incredibly bullish. The chart tracks the number of days’ worth of crude that the United States has... Learn more
Do you know what the Shale Revolution was? It was a combination of two very old, very well-known technologies—horizontal drilling and fracking, or hydraulic fracturing. It turned the entire global oil market on its head, and the natgas market in North America as well. They were put together by the... Learn more
DoubleLine Capital’s Jeff Gundlach doesn’t just like commodities today. He thinks that commodities have massive gains coming, his exact words being: “What I mean by massive is not a 30% gain, it is 100%, 200% or even 400%.” Cha-cha……Ching! Gundlach is a pretty sharp cookie. They call him the “Bond... Learn more
