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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...
Some junior oil and natural gas companies with large debts are starting to have their financial problems go public.  See these examples: On February 17, Canadian Superior (SNG-TSX) just had their $47 million loan called by the Western Canadian Bank. Canadian Superior along with partners including British Gas has made...
Since oil really started crashing, the media can only talk negatively about oil. These are the same talking heads who had no clue about the impending 50% plunge in prices. Why do we listen to them—instead of paying attention to facts? Here is one fact….US gasoline and oil demand is surging. That...
We are now into Round 2 of the Global Oil War—where the Saudis maximize their revenue, and keep US shale producers—and their lenders—under the Saudi thumb. But there are a few very smart men—and I’ll tell you about a few of them in a minute—who think the price war will...
Sector Diversification: Target Oil Sands Just about everybody on Earth ought to know by now about the oil sands are a vast and virtually limitless supply that's going to backstop North American energy security for a century or more. But for all the hype and hoopla, surprisingly few investors...
Editor's Note:  In my last story I explained how lower gas prices could affect reserves, as reserve reporting season is underway.  Below, here's a look at how some junior oil companies might fare. - Keith Part 3 of a 3-part Series Reserves redux: Last time we talked about reserve reports and how natural...
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...
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...