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...
A Texas court case this Friday, February 26 will set a precedent that will either see all US pipeline and “midstream” stocks have a monster rally—or get crushed (even more!).
That’s when Crestwood Partners (CEQP-NYSE) will defend its fee structure in transporting the natural gas of defunct Quicksilver (formerly KWK-NYSE)...
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...
What is “optionality”?
In investing, it’s having a lot of upside with very little downside. I would also call that an asymmetrical trade.
At $45-$50 per barrel oil, most producers no optionality. They can’t grow—or if they can, it’s only by a small amount, like 5-10%.
But I found The Company—with enormous...
I love speaking at investment conferences. I learn so much from the subscribers and investors that I meet there.
One of my subscribers is a landman from Wyoming, a former professional rodeo rider who flew up to see me at the Calgary Resource Investment Conference last weekend. I sat wide...
How do you get a golf ball out of a Coke bottle?
It’s a puzzle that Ken Gerbino and his team at Titan Oil Recovery solved years ago, but have yet to commercialize on a grand scale.
He’s hoping a new business model will find some entrepreneurs willing to fund this...
Understanding the future—not just the present—is very important to ETF returns. And this is where the two basic questions for investors get answered.
What is the timeline of the trade?
The real question here is, how many times does the ETF have to “roll” its futures contracts between now and that trade date?
Use oil as...
In many ways the oil industry is a fashion industry, and in 2011 the exciting new model on the investment bankers’ catwalk was the Duvernay shale.
Over $2 billion was spent acquiring big land packages, and the rising price per acre kept the play in the news headlines.
Covering over 100,000...
