It’s clear from comments on Q2 conference calls in the last week that North American producers ARE getting more efficient—lowering costs—in producing tight oil, or shale oil. And they don’t think they’ve hit their limits yet.
The high tech reason for these improvements? Simple sand. It is stunning to me...
Oil is rocking up today, but the social fallout of the very low oil price in western Canada could deep, and for a long time. If a lot of wells get shut in--I’m not sure people really understand what that means for rural communities.Oftentimes, the largest two expenses for...
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...
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 is no...
Half the oil price but 4x the free cash flow! Sounds like a pitch from Barnum & Bailey's circus, doesn't it--Step right up folks and see it with your own eyes!
I'm going to show this magic trick--starting with the chart below. In 2017 at $50 oil, Vermilion Energy (VET-TSX/NYSE)...
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...
*Editor's Note: The following is a report I developed for Oil & Gas Investor magazine, published in its December 2010 edition. Part 1 of the story is re-printed below with their permission.
Exchange-traded funds have been on a roll. Here’s how to find the one with the best fit, and...