Halliburton (HAL – NYSE) released their third quarter results on Tuesday night and boy were they ever bullish on oil field services (OFS).Right out of the gate CEO Jeff Miller put it bluntly – “our outlook is strong”. He followed it up by saying why: “oil and gas supply ...
Surprisingly…….the most bullish recent piece of news for the price of oil in 2020 DID NOT come from the Middle East.
Not that the massive escalation of Middle East issues with the killing of Iran’s top general isn’t hugely bullish news for oil.
However, the bomb that the oil service company...
One of the top emerging gold plays in Canada is almost fully consolidated now—and the strategy behind this play is a big lesson for investors looking for 10-20 bagger investments.On Tuesday last week, Northern Superior (SUP-TSXv) bought out Royal Fox Gold (FOXG-TSXv) in the Chibougamau gold play in south-central Quebec for CAD$17 million—a...
Golden Shield Resources (GSRI:CSE, 4LE0:FRA) is Leo Hathaway’s new micro-cap company--with just 28 million shares out--that holds the 100% owned Marudi Mountain asset—one that Leo believes has the potential to be a multi-million ounce gold deposit.And he is backing that up very quickly with some BIG numbers—in the first drill program he...
Murphy’s Law Is Alive And Well In The Canadian Energy Patch
Despite oil being up today, it's ugly for E&P companies across the globe. But I think Canadian producers have been hit with Murphy's Law worse than anyone.
After a decent Q2--because of the low Canadian dollar and forest fires reducing...
I have a hard time saying this sometimes—but The Big Money in energy is still in renewables. I mean, oil especially but also gas stocks are (across the board) cash cows right now—like never before in modern energy history—and they’re so CHEAP—like, 2-4x cash flow. That’s half to one-third...
It’s a bear market. That means that picking stocks just got a whole lot harder.Bull markets are forgiving. The trend of the market is up. Most individual names will go up too.Just stay away from the duds and in a bull market you can see your picks lifted along...
DOES NEW ENGLAND HAVE A NATURAL GAS DILEMMA?
or....Deep Panuke Part II
By Bill Powers
Part I is here.
Natural gas discoveries in offshore Nova Scotia were supposed to help supply New England with years and years of natural gas supply. But Exxon has already left the area (Sable Island) and Encana’s reservoirs...