Three zombie stocks have come back from the dead in the Canadian oilpatch, and they all took a different route.
Maybe “zombie” is an unfair term, but all three had debt problems that were hurting their valuation.
And it may be an opportunity for investors paying attention, as—arguably—the Market has yet...
The Brexit side has won. The British people, the nation (not the politicians) have voted to leave the European Union, and become as Norway and Switzerland are—in Europe but out of the EU.
This is not a binding vote; it’s only a referendum. And it was a very narrow margin—basically...
Who said Chinese commodity demand was dead?
Through the first three months of 2016 China imported 75.2 million gallons of ethanol from the United States. That is more ethanol than the 70.5 million gallons China imported from the US for all of 2015! Ethanol is used around the world as...
What is “optionality”?
In investing, it’s having a lot of upside with very little downside. I would also call that an asymmetrical trade.
At $45-$50 per barrel oil, most producers no optionality. They can’t grow—or if they can, it’s only by a small amount, like 5-10%.
But I found The Company—with enormous...
Energy Companies And Share Buybacks – A Lesson In Capital MismanagementThe job of the men and women at the top of Big Oil is to help manage capital through the volatile cycles of this business.For that they are handsomely rewarded with big salaries and stock options.These are experienced people...
