The Market had its biggest UP day in history Monday, with the Dow up 1294 points, as central bankers around the world committed to liquidity for the Market.  That will mean lower interest rates and making more money available to keep the global money flow going! Of course,...
Canadian LNG–Liquefied Natural Gas–exports aren’t getting a lot of respect these days, partly due to low LNG prices, and partly because of the high profile environmental opposition to Petronas’ proposed terminal location at Lelu Island near Prince Rupert. But behind the headlines, LNG Canada, a joint venture led by Shell...
Oil is up.  Consensus has changed from a supply glut to a more balanced market by the end of this year—but the Market is in full swing pricing that in now. Energy producers across the board have had a good run in the last month, and it could continue—both Brent and...
  By Bill Powers Which natural gas producers will make it through this winter of low prices?  I’ll tell you one that I think will survive….but first I’ll tell you one today that probably will not. Natural gas prices on the NYMEX dipped below $2/mmBTU in December 2015 for just the second...
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...
Investors now have the very first pure play on fracking sand... as US Silica (NYSE: SLCA) went public on the NYSE on February 1st at $17/share, raising $42 million. Prior to this IPO, the only frac sand companies were either private or held by oil companies. There is a huge...
Financial markets have an impressive ability to discount (or predict) major events days in advance. For example, think of the market declines leading up to 9/11--the S&P 500 declined 7.79% over the ten trading days prior.  NOW, over the past five trading days, the S&P 500 has declined...
Have you had trouble wrapping your head around this market? I know I have. The economic data is ugly. 10%+ unemployment is not a good place to be, no matter how you frame it. A second wave of the virus means a slowdown and a W-shaped recovery even if there...