Oil Prices

oil prices, oil companies

I am busy writing my first issue, but wanted to make a couple quick comments on the oil and gas markets.  The market is divided on whether this rally can continue, in both the Dow Jones and in oil. For the Dow, I see sentiment shifting from a "Sell...
The oil market is greatly underestimating what has just happened. The Green Light for oil profits was turned on yesterday by US President Trump. I’m going to take advantage of it…. will you? Back during his Presidential campaign, Donald Trump repeatedly referred to the 2015 Iran Nuclear Deal (The Joint Comprehensive...
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...
ETFs, or Exchange Traded Funds, not only track the price of oil, but they can actually provide clues as to where the oil price is going.   I'll show you how to read their charts, and show you the ETF that I think most accurately follows and even warns investors...
The heavy oil price in Canada has been surprisingly strong this year, and that led me to purchase some Rock Energy (RE-TSX) on Friday.  It is one of the few (I've only found 2) juniors with exposure to heavy oil.  The stock is cheap on several metrics compared to...
The breakeven price for oil and gas companies in 2008 was US$87.24 per barrel of oil equivalent (boe), BMO Nesbitt Burns said in their annual Global Cost Study released July 21.  The three year average for the industry's breakeven price is US$73.60.  They estimate the 2009 breakeven price will fall...
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...
For the first time since 1949, the United States is poised to become a net exporter of petroleum products, according to the Petroleum Supply Monthly report for November put out by the U.S. Energy Information Administration. Through the first nine months of 2011, the U.S. exported 753.4 million barrels of...