Oil Prices

oil prices, oil companies

If you are looking for a reason to get bullish on future oil prices look no further. The chart below is one of the most bullish charts in the energy patch today. This chart tells us two critical things. First, it tells us that the horizontal oil boom is due almost...
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...
Can shale oil and gas carry the U.S. to energy independence? The short answer is no, says Credit Suisse (CS) in a September 7 report, but North America as a whole could be energy self-sufficient. CS hangs their thesis on 4 key pegs: 1. Flow rates from oil wells about 25% higher than now,...
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...
The media said there was no winner at the June OPEC meeting held early this past week. But there was—a big winner in fact. OPEC producers didn’t win because they didn’t get a production-cap deal that would instantly give them a higher oil price. Even the Saudis are now issuing multi-billion dollar...
North American drivers are now competing with global drivers — and global industry — for cheap American crude. I went on FOX National Business News to explain why that is (click the link at the end to watch the interview.) For starters, keep in mind that driving gasoline is 50% higher...
Murphy’s Law Is Alive And Well In The Canadian Energy Patch Despite oil being up today, it's ugly for E&P companies across the globe.  But I think Canadian producers have been hit with Murphy's Law worse than anyone. After a decent Q2--because of the low Canadian dollar and forest fires reducing...
(To see Part 1 just scroll down after this article). So how do bankers and energy producers deal with the large amount of debt that is on the balance sheet of almost ALL junior and intermediate producers on the Toronto Stock Exchange (TSX). Both groups are realizing they could be in...