Low prices, high discounts and high condensate prices are conspiring to make this The Week From Hell for Canadian heavy oil producers. Heavy oil prices are now at the bottom of the barrel.
And not to sound like a traitor, but there is a very simple way for investors to...
My personal portfolio is always 100% oil and gas—except for this one stock.
When I heard how revenue is soaring at this company—in a multi-billion dollar industry that is one of the fastest growing in all of North America—I rushed to visit management.
They confirmed what I had been hearing—that they...
I’m going to run through a few seemingly unrelated facts here fairly quickly, but the message is: the North American energy market is so opaque right now—because fundamentals are changing so fast—that my #1 2015 credo—SMALL POSITIONS—still holds true. And be prepared to change your mind in a hurry.
This...
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...
