In an exclusive interview, OGIB asks noted author Bill Powers: have investors and the general public been grossly misled about America’s energy future?
Something about America’s shale gas renaissance—and its gilded promise of previously-unthinkable U.S. energy independence—never made sense to Bill Powers.
As the author of the shale-challenging new book “Cold,...
Why "Time Is on Their Side" in 2011
PART 1 OF A 2 PART SERIES...
What mergers and acquisitions will happen in the Cardium oil play in 2011?
In the last half of 2009 and the first half of 2010 the Cardium was the hottest play in Canada. Valuations moved up quickly...
When I saw this energy company, I couldn’t believe it. Here is a company with:
no long term debt
$30 million cash
growing EBITDA (cash flow)
When I rushed out to buy the stock, it was paying me a double digit yield.
That’s right—over 10%--on a payout ratio of under 60%.
And trading at just...
Surprise! Global Oil Demand Is Surging…..
While most of the oil market coverage has been focused on the glut of supply what has been missed is that an equally big story has emerged on the demand side of the equation.
Global oil demand is surging in response to the drop in...
By Bill PowersOne of the little spoken truths of the shale gas industry over the past three years has been that most of America’s gas fields are now experiencing production declines with one large exception: the Marcellus Shale in Pennsylvania.And that narrow reliance on one play gets even more...
You can read a lot on the breakeven price for oil right now. I think a lot of what you read now is missing the point--because I think the breakeven price for oil isn't all about economics. There's a human element to this (and every) trade.
I think the breakeven...
To me, the Market (Dow/S&P 500) is a bit of a binary trade right now. It’s pretty clear to me that the Market is determined to retest its late August lows. If it bounces, I think I can safely buy stocks and likely add to my biggest position again...
Sometimes you write a story. Sometimes a story writes itself.
In the next three sentences I’m going to give you everything you need to know.
One…
With more oil and gas producers in financial distress than aren’t, this has to be an historic opportunity to be buying oil and gas assets (especially...