Oil Prices

oil prices, oil companies

What did Chevron accomplish in 2015 by outspending cash flow by $19 billion? Increase production a paltry 2%. Barely replace reserves--107% of production. That is what Chevron managed to achieve in 2015 by spending $31 billion while generating just $19 billion of cash flow.  And that is actually incredibly bullish, despite...
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...
  By Bill Powers Which natural gas producers will make it through this winter of low prices?  I’ll tell you one that I think will survive….but first I’ll tell you one today that probably will not. Natural gas prices on the NYMEX dipped below $2/mmBTU in December 2015 for just the second...
The Canadian dollar has dropped 25% against the US dollar in the last 18 months, going from 94 cents to 71 cents.  That's horrible news for Canadian drivers, as the lower loonie (as Canada's dollar is affectionately nicknamed) has almost completely eliminated any savings at the pump, while oil...
North American oil prices could have a sharp--but short term—drop in December 2015. I outline the signs—in the physical market, and the financial market--that oil storage is becoming full in the US. There is a simple and easy way for investors to profit from this.  I outline this low-risk trading opportunity...
OGIB INTERVIEW WITH ROBIN MILLS IN DUBAI Robin Mills is author of “The Myth of the Oil Crisis” and is CEO of Qamar Energy, a consultancy that advises clients on strategic, commercial and business opportunities in Middle East oil and gas.  I interviewed Mills--a Briton who has lived in Dubai...
I became a believer in this oil price move on Wednesday, when a bearish weekly report came out from the EIA—the US Energy Information Administration. US production was up and inventories were up—everything about that report was bearish.  The oil price only dropped for an hour, maybe 90 minutes, then...
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...