The media said there was no winner at the June OPEC meeting held early this past week. But there was—a big winner in fact. OPEC producers didn’t win because they didn’t get a production-cap deal that would instantly give them a higher oil price. Even the Saudis are now issuing multi-billion dollar...
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...
I'm off to Dubai for a week of meetings, but I want to leave you with some ideas that should leave you...questioning...The Bear Case on oil. I want to be clear...I'm not a perma-bull on oil.  Far from it.  I'm an investor, and a trader, looking for a trend.  Energy...
The best new shale oil play you’ve never heard of is getting ready to explode onto investors’ radar early in 2011 – the Alberta Bakken. Located on either side of the Alberta/Montana border, the key land packages in this play have been assembled with very little news or...
One of the Largest North American Oil Discoveries in Decades What has the oil and gas industry so excited about the Alberta Bakken – the stealth play of the year? Some big companies on both sides of the 49th parallel have spent millions buying thousands of acres of land – with...
I’m all about empowering retail investors.  I write my blog and my subscriber paid copy to help them gain back an edge against the institutional money that gets better information faster in the markets.  I mean, how many retail investors have a paid analyst at their call? That’s why I’m...
Petrobank Energy and Resources (PBG-TSX; $35.97) announced yesterday it was creating a 37,000 bopd Bakken-focused oil producer by merging its Canadian Business Unit (CBU) with TriStar Oil and Gas (TOG-TSX; $11.51) to create a new company, Petrobakken. The cash and stock transaction gives TriStar a value of $14.75 cash, a...
By: Bill Powers Valuing public companies is a black art. Analysts use many metrics, and when delivering a final price target on a stock, use the average of several methods—cash flow multiple, Net Asset Value and the esoteric “management premium”. But I want to suggest to investors that right now, one of...