Oil Prices

oil prices, oil companies

Imagine if you will a street on which there are three identical houses. I’m not talking about similar houses. Not houses that look kind of the same. I’m talking about identical houses. Built the same year, in the same condition, with the same design and square footage.  Even the colors are the same. If...
I’m saying farewell to numerous companies that have been in oil price fantasy land and refuse to adapt to the new paradigm. For too long, many of them have been: Accumulating copious amounts of debt Drilling prospects that are not justifiable at current sub $55 oil or even sub $75 oil Relying on...
By Richard Reinhard and Keith Schaefer Currency movements affect the prices of oil and gas stocks as much as commodity prices. And I think there is an increasing likelihood a mix of slightly rising oil prices and a steady to lower Canadian dollar could result in a big jump in...
Many investors study supply and demand statistics to figure out where they think the oil price is going. But by far, the biggest factor that determines the oil price is the US dollar, says Donald Dony, who pens The Technical Speculator investment newsletter. “The US dollar is absolutely pivotal for commodity...
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...
I don’t think I’ve read a more unbelievable statistic. Can Bloomberg really only use FOUR people to generate one of the most watched oil estimates in the world—a number that moves billions of dollars each week? A report from Canadian brokerage firm RBC Dominion two weeks ago suggests that that is...
The Opaque World of Crude Oil The latest EIA stats painted a seemingly bullish picture for North American crude oil right now.  Crude prices have rebounded from the March re-test of the low, US production seems to finally be falling and Cushing storage levels are starting to draw down.  The...
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...