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 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)...
By Richard Reinhard and Keith Schaefer
Currency movements affect the prices of oil and gas stocks as much as commodity prices. And I think there is an increasing likelihood a mix of slightly rising oil prices and a steady to lower Canadian dollar could result in a big jump in...
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...
This chart is bullish for oil. It shows the number of non-commercial net long crude oil positions in the NYMEX (New York Mercantile Exchange) is moving down – these are the people we all call "The Speculators". Getting these (politically unpopular) people out of the oil market is what...
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...
Millions of consumers and investors in North America are wondering how the global oil price and the price of gasoline at the pumps can be going up in the face of rising global oil inventories and no significant increase in demand for anything in the US.
According to Philip Treick,...