Commodity’ is now a four letter word. Metal prices have collapsed.  Oil is plummeting.  Natural gas and coal are struggling, and iron ore is on death’s door. But right now, there is one commodity that everyone agrees will rise in price this year. The Big Banks are piling into the idea. Analyst...
North American oil prices could have a sharp--but short term—drop in December 2015. I outline the signs—in the physical market, and the financial market--that oil storage is becoming full in the US. There is a simple and easy way for investors to profit from this.  I outline this low-risk trading opportunity...
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...
Imagine if you will a street on which there are three identical houses. I’m not talking about similar houses. Not houses that look kind of the same. I’m talking about identical houses. Built the same year, in the same condition, with the same design and square footage.  Even the colors are the same. If...
Pipeline behemoth Kinder Morgan (KMI-NYSE) cut its dividend last night by 75%--ending a three year string of getting their money for nothing and your dividends for free (with apologies to the band Dire Straits). This issue is causing investors to give all North American pipeline stocks a higher discount rate--and...
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...