Were you bullish on oil a year ago--and are now shocked that oil is barely $50/barrel?
You aren’t the only one.
This wasn’t supposed to have been possible.
An oil price crash…ok.
To crash and stay this low for two years….no way.
After reading the just released July 2016 EIA Short Term Energy Outlook...
I want to show you the true lowest cost natural gas producer in North America.
I’m not exaggerating.
I’m not guessing.
The financial statements make it absolutely clear--this company has the best piece of land on the continent.
That isn’t opinion; the hard data tells me that it is so.
I’m going to run...
The Offshore Oil Business Is Crippled And It May Never Recover
How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price?
Exxon Mobil (NYSE:XOM) just paid Seadrill (NYSE:SDRL) $125 million in cash to get out of its commitment to...
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...
As the oil price fell from $105/barrel in 2014 to $26/barrel in 2016, producers, service companies and banks/lenders worked very co-operatively to keep as many people employed and as much oil flowing as possible.
It has been a remarkably co-operative endeavour for the global energy industry.
I expect that to change...
The Canadian dollar has dropped 25% against the US dollar in the last 18 months, going from 94 cents to 71 cents. That's horrible news for Canadian drivers, as the lower loonie (as Canada's dollar is affectionately nicknamed) has almost completely eliminated any savings at the pump, while oil...
Here is an energy issue I thought would have been resolved years ago--but it's going to court this week in Alberta. The central question is simple--what takes priority if a producer goes bankrupt--environmental liabilities to plug & abandon (P&A) wells, or creditors.
What's happening is that the Alberta Energy Regulator...