Everyone thinks energy stocks are doing really poorly. But look at the charts of these energy companies—they’re at 52 week highs:
They’re kind of similar aren’t they? That’s because they belong to the same energy sub-sector.
There are three main sub-sectors in energy:
Upstream – the oil and gas producers and service...
Is the energy sector under-reporting oil demand? Some recent research suggests that's possible—potentially by a lot—as in 1.2 million barrels of oil per day (bopd).
For oil bulls, that's not enough right now to sway oil prices. But it could mean the market is tighter than everyone thinks.
And that wouldn’t...
One of the most beaten-down names in the entire oil services sector is Paragon Offshore (PGN-NYSE). A spinoff from the deepwater-focused Noble Corp (NE-NYSE), this “standard spec” offshore driller ended its first day of regular trading at $11 on August 4, 2014.
The stock has continued on an almost uninterrupted...
Which energy stocks are above their
-50 day moving average
-100 day moving average
-200 day moving average?
The answer--not too many. But the few that are have one simple connecting thread—they are all the recognized leaders in their field.
But I try to differentiate them even further. I own a lot of the...
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...
Why EnCana’s Deep Panuke Problems Matter for New England
By: Bill Powers
Encana Corporation (ECA-NYSE/TSX) got lucky with high gas prices for its Deep Panuke project offshore Nova Scotia—but the failure of that play does not bode well for New England natural gas prices.
Along with Exxon’s Sable Island Energy Project (SOEP), also...
Logistics are a bigger piece of the energy pie than ever before—especially rail. Most energy investors are familiar now with the huge rise in crude-by-rail; getting Canadian and Bakken crude to the east and west coast refineries in the United States.
It saved the profit margins for many oil producers,...
Everyone in the oilpatch is now nervous that the United States could run out of oil storage capacity. This “storage issue” is now Big News, and is driving light oil prices in the US—WTI—to fresh six year lows of $42-ish a barrel.
I see a lot of copy on the...