What are the Fathers of the Shale Revolution doing now? You would be surprised—I sure was.  The main part of the technical team from Mitchell Energy—which combined fracking and horizontal drilling to start The Shale Revolution in Texas’ Barnett Shale in 1998—is now working for a 15 cent junior in...
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...
Ever wonder why the stock of an energy company you love doesn’t go up? You’ve analyzed it and you think it’s undervalued. But the stock doesn’t go up. Well, I just finished reading one of the best explanations of why that happens. It’s a November 2013 report from oil and...
Is there any common ground in the debate over hydraulic fracturing?  It’s a divisive issue, especially in the U.S., where 90%-plus of all global fracking is done now, pitting neighbor against neighbor. Two weeks ago I wrote about a success story -- How a U.S. Oil Refinery Got Saved -- in which...
The last few months have seen a flurry of E&Ps announcing changes to their business strategy, moving from a growth-through-drilling focus toward an income-and-dividend model. These companies realize things are changing in the oil patch. Commodity price forecasts are down and investor euphoria over billion-barrel resource plays is fading. The stocks...
In Part 1, I explained how LNG shippers will be one of the best investments—and THE best way to play cheap natural gas—right through to 2015. A combination of fast-rising demand from Asia and almost no new ships before the end of 2015 will keep cash flows and stock...
As energy prices hit 6 year lows in January 2015, energy producers across North America cut their budgets, and reduced growth expectations—often to zero. But not one Montney producer. So far, newly-listed and highly-regarded Seven Generations Energy (VII-TSX) is standing by their 2015 spend of $1.6 billion in the very liquids rich gas...
Here’s a current chart of the oil price you probably don’t recognize: This is a custom built chart of Canadian heavy oil prices (Western Canada Select--WCS)—in Canadian dollars. (Canadian dollar charts are hard to find!).  This chart takes into account the lower Canadian dollar against the greenback.  It shows that...