Oil Prices

oil prices, oil companies

 Oil and gas are moving in opposite directions right now - oil up and gas down. Oil stocks are tepidly advancing, not quite convinced the move in the oil price is sustainable.  Natural gas stocks -those not already crushed - I fear are getting ready for a further 20-30%...
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,...
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 energy sector is such a typical American-Canadian contrast.  It's like the Americans love to shoot guns, and the Canadians love to dodge bullets.
 In the USA, the Shale Revolution has turned the American energy industry upside down with huge new supplies of natural gas and light oil. 
 
 They have reversed...
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...
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...
When I first started the newsletter in January, one of my best stockbroker friends asked me - where do you think the price of oil is going to be at Christmas 2009? I said US$65 or $75.  Wow that's high, he said, compared to all other analysts. But research analysts...