These Statistics Show A Surprising Oil Hotspot Brewing in America
Guess which American oil play will show the largest increase in production the next two years? That’s right, I said increase.
The Bakken? Permian? Niobrara?
Well, defying all expectations of analysts and investors alike, it’s likely to be the Gulf of Mexico (GOM), with production...
Everyone in the oilpatch is now nervous that the United States could run out of oil storage capacity. This “storage issue” is now Big News, and is driving light oil prices in the US—WTI—to fresh six year lows of $42-ish a barrel.
I see a lot of copy on the...
This isn’t a situation where there is a question of if; in fact there isn’t even a question of when.
The BIG TRADE of 2015 is happening now.
Right now there is a group of companies that are generating huge windfall-like cash flows every day—due to low WTI oil prices in the US. The longer oil prices stay low the more...
The recent bounce in oil prices has opened the "equity window" for energy companies to raise capital. It's the first time this window has opened since October. But should investors be buying?
In the last three weeks, three Canadian energy companies raised equity capital; two juniors in Rock Energy (RE-TSX)...
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...
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...
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...
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...