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...
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...
American oil production is set for a fast pullback, says Chris Theal, founder and CEO of Canadian energy fund Kootenay Capital.
And that has two important implications
America is now the swing producer in the global oil market.
If the bottom in oil prices wasn’t set Nov. 5, it’s very, very close.
“We...
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...
Is this downturn in oil prices going to be different for investors? I think it might. In fact, I think North American energy companies have a good chance of withstanding this downfall in prices than any other downturn of the last 40 years.
You wouldn’t know it by looking at...
Everyone knows that Iraq is an important oil producing country. But Iraq is more than just important, it is critical.
Iraq is so important that in October of 2012 the International Energy Agency (IEA) released a report called “World Energy Special Outlook On Iraq”.
In that report the IEA concluded that in 2035 oil prices would be...
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...
I want to tell you about a new development in fracking that’s getting some press down in the US. This is actually pretty simple, but if I’m correct in interpreting this, it would be quite important in the global oil patch.
From what I can tell, EOG Resources is increasing...