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...
This is the worst time of year for world oil prices to hit a five year low for North American energy producers.
That’s because they typically evaluate their reserves at fiscal year-end—and that usually matches the calendar year. That means reserve evaluations are done with the current price "deck" looking...
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...
Here’s a current chart of the oil price you probably don’t recognize:
This is a custom built chart of Canadian heavy oil prices (Western Canada Select--WCS)—in Canadian dollars. (Canadian dollar charts are hard to find!). This chart takes into account the lower Canadian dollar against the greenback. It shows that...
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...
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...
By Nathan Weiss and Keith Schaefer
Where is all the oil coming from?
Oil inventories continue to surge, but U.S. production has flatlined for weeks—even months.
I mean really—look at these simple facts that have been staring the Market in the face for months:
Year-to-date (YTD) production in 2015 in the U.S. is...
Who is saying “America First” when it comes to oil?
OPEC is! And it means US oil stocks—especially in the Permian Basin in Texas--should have a great run in the coming months.
It’s so simple—let me explain.
The rising oil price is now pricing in a production cut of 1 million barrels...