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...
INTRO
Oil Field Services (OFS) was a top “Trump Trade” for the 3.5 weeks between the first presidential debate and Joe Biden ending his re-election bid. The Market considered Trump a “gimme” to win the November election.
But is OFS still a Trump Trade—even if he wins the now much-tighter election...
Oil bears? Anyone?
Maybe it’s just my feed, but the energy around energy on Twitter (excuse me, "X") is as bulled up as I've seen since, well, the last oil run.
Of course, that run was all about "the war", whereas this run is all about supply.
The lack there of.
Just last week we had J.P Morgan...
Financial markets have an impressive ability to discount (or predict) major events days in advance.
For example, think of the market declines leading up to 9/11--the S&P 500 declined 7.79% over the ten trading days prior. NOW, over the past five trading days, the S&P 500 has declined 12%, as...
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...
The latest table pounding buy for the oil sector was issued last week.
It came from the most unlikely (and highly credentialed) source.
The single greatest fund manager in history said in a Barron's interview last week:
“Oil, energy services, and natural gas can provide triples……”
He named no other sector, this is...
Late last summer we published two blogs outlining the case for copper and copper stocks (here, and here).What we said was:
Yes, it is hard to buy copper stocks when they are down big (they were at the time) but…
It is always hard to buy commodity stocks at the time you should be buying them.
We...
