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...
*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...
 Oil and gas are moving in opposite directions right now - oil up and gas down. Oil stocks are tepidly advancing, not quite convinced the move in the oil price is sustainable.  Natural gas stocks -those not already crushed - I fear are getting ready for a further 20-30%...
By Richard Reinhard and Keith Schaefer Currency movements affect the prices of oil and gas stocks as much as commodity prices. And I think there is an increasing likelihood a mix of slightly rising oil prices and a steady to lower Canadian dollar could result in a big jump in...
It's great to get feedback from readers. One industry executive gave me permission to post his comments, which I think you will find quite interesting: "Keith, I saw your piece "Another Domino Falls" from last week and I see one significant flaw that I will point out to you and...
(To see Part 1 just scroll down after this article). So how do bankers and energy producers deal with the large amount of debt that is on the balance sheet of almost ALL junior and intermediate producers on the Toronto Stock Exchange (TSX). Both groups are realizing they could be in...
Some junior oil and natural gas companies with large debts are starting to have their financial problems go public.  See these examples: On February 17, Canadian Superior (SNG-TSX) just had their $47 million loan called by the Western Canadian Bank. Canadian Superior along with partners including British Gas has made...