Dan Loeb's Bearish View on Frac Sand Stocks Earlier this week, I showed you how the share prices of frac sand suppliers have crashed since February and have generated a lot of pain for shareholders. Here is the not so pretty picture: Ticker Company 2017 Share Price Peak Current Share Price Decline % Decline SLCA U.S. Silica $61.49 $37.39 $24.10 39% EMES Emerge Energy $24.45 $11.19 $13.26 54% HCLP Hi-Crush $23.30 $13.37 $9.93 43% FMSA Fairmount Santrol $13.12 $5.00 $8.12 62% Shareholders...
If you were on the hunt for the next big horizontal oil play in the U.S., where would you be inclined to look? Texas?  That makes sense; Texas is the top oil producing state in the country. California?  That also makes sense, California has been a top oil producing state for...
Napoleon is credited with the saying—I would rather have my generals be lucky than good. And that’s a good saying for Yangarra Resources (YGR-TSX), as they discovered how prolific the Lower Cardium, or  “Bioturbated Zone" is in Alberta's massive Cardium formation--all by accident. They were drilling in the main Cardium zone above--which...
Psychological fears of an oil glut are have caused oil prices to drop from $55-$48.  But there is some fundamental  economic factors that suggest this price drop will be short lived. So far in 2017, U.S. crude oil inventories have increased 49.38 million barrels to 528.39 million barrels as the...
One year ago, I wrote this story, asking—could the Bakken ever hit 1 million barrels of oil per day (bopd) production? Well, now the Market is asking—when (not if) will it hit 2 million? A massive, 76-page report from Goldman Sachs from late September suggests 2023—that’s another TEN YEARS of growth—with the biggest growth year...
These Statistics Show A Surprising Oil Hotspot Brewing in America Guess which American oil play will show the largest increase in production the next two years?  That’s right, I said increase. The Bakken? Permian? Niobrara? Well, defying all expectations of analysts and investors alike, it’s likely to be the Gulf of Mexico (GOM), with production...
The Saudis want control of the oil market back, and they are lowering prices to weed out the high cost producers. But I found a western producer with even lower costs per barrel than the Saudis. That’s right—someone who beat them at their own game.  Just like the Saudis, this company...
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...