There is only ONE number in the oil price saga that’s important to investors. It’s the same number the Saudis are tracking.
That is: how much did US oil production increase in the last week.
That number is released every Wednesday morning at 10:30 EST in the weekly EIA (US Energy...
The breakeven price for oil and gas companies in 2008 was US$87.24 per barrel of oil equivalent (boe), BMO Nesbitt Burns said in their annual Global Cost Study released July 21.
The three year average for the industry's breakeven price is US$73.60. They estimate the 2009 breakeven price will fall...
My experience is that in the stock market, wealth is built in steps.
My portfolio is flat for 12-18 months, and then a Big Win comes. Flat again, then Big Win. Repeat.
(The hard part of investing is keeping that money, during the flat times.)
Big Wins actually come along regularly; every...
This chart is bullish for oil. It shows the number of non-commercial net long crude oil positions in the NYMEX (New York Mercantile Exchange) is moving down – these are the people we all call "The Speculators". Getting these (politically unpopular) people out of the oil market is what...
This week the EIA released the first look at its new method for reporting United States crude oil production.
It revealed two things.
First, the EIA’s prior method had been significantly overstating U.S. oil production so far in 2015.
Second, U.S. production appears to have started declining back in April. This is...
Even with WTI prices above $70 per barrel, and international Brent crude closer to $80… there really isn’t much geopolitical premium in the oil price yet.
And that’s scary (as in… scary bullish) because war in the Middle East has rarely looked more certain—in two places.
First off, oil prices are...
Oil producers in Alberta have embraced the holy rail, shipping out by train car an estimated 120,000 barrels of oil per day (bopd) to refiners on the east coast and the U.S. Gulf.
Despite rail costs doubling pipeline tariffs, producers were able to get such a better price railing it...
I had a GREAT interview with the SPARTAN team...one of the most successful junior oil and gas teams in Canada in the last 20 years. Rick McHardy and Fotis Kalantzis are now on their 4th iteration, having successfully monetized three previous companies for shareholders.I thought the interview had enough...
