Why oil services stocks are outperforming oil producer stocks
By Brian Hoffman
The share prices of oil service companies have outperformed the share prices of large-cap oil and gas companies’ common shares since the broader stock market indexes started to move higher at the start of September. The...
Or did investors come to believe that the natural gas price is a runaway train on a dead end track?
Despite a natural gas injection this week (52 bcf) that was smaller than forecast, and quite a bit less last year's 88 bcf injection (and less than 5 year average injection...
By Brian Hoffman, CA, CPA
Oil prices have made a big move up since March with the recent move to almost US$73 per barrel retracing over a third of the drop from the US$147 peak last summer to the low of almost $US30 earlier this year.
Retracements during market rallies generally...
Could the natural gas ETF (UNG-NYSE) lose its tracking of natural gas prices? In one very specific (and quite realistic) circumstance, it could. And could it possibly skew the real, physical price of natural gas in the US? Many people say it is doing that right now, which is...
There are striking similarities between the stock charts of the US ETF for natural gas (UNG-NYSE) now and where the stock chart for the US ETF for oil (USO-NYSE) was in December-February.
(An ETF, or exchange traded fund, is a security that tracks an index but trades like a stock.)
The...
By Brian Hoffman, CPA, CA
Natural-gas prices have shown some strength recently, piggy-backing on higher oil prices. Although last week's higher than expected gas storage update is bearish in the short-term for natural-gas prices, the longer term outlook bodes well for significantly higher natural-gas prices.
Although oil prices will also probably...
By Richard Reinhard and Keith Schaefer
(This article is appearing simultaneously at Reinhard's website, www.gsweekly.com. Reinhard is an excellent technical analyst (he can read stock charts) and trader.)
Few investors realize it, but the oil ETF's give investors a monthly opportunity to make day trading profits on senior oil stocks.
(An ETF, or...