North Dakota did it again. July oil production numbers for the state was another record high—and it was a BIG one.
Monthly stats from the EIA (US Energy Information Administration) showed North Dakota production jumping by a whopping 55,000 barrels per day in July to reach nearly 875,000 barrels per...
Canadian brokerage firm GMP Securities downgraded Trilogy Energy Corp (TET-TSX; TETZF-PINK) from a BUY to a HOLD today, but did not reduce its target price of $27.50 per share. The stock closed at $27.25 on Tuesday, and GMP said the downgrade was because the stock has already hit its...
Dear OGIB Reader,
There is a definite seasonality to the oil and gas stocks in Canada—and generally speaking, the top is right now.
In both 2011 and 2012, the TSX Energy Index peaked out the first week of February. In 2010 it was the first week of January.
Each of the last...
You know what makes the Bakken oil play so special? It is oily AND over-pressured. All that means is that at a certain depth, there is more pressure than normally should be there—because there’s fluid there.
If that fluid is oil—it’s trapped—then it’s bursting to get out. It sure makes...
How quickly could US shale production grow again if the oil price keeps rising?
I suggest there has been a fundamental change—a bullish change—that will prevent US oil production from rising quickly. It certainly won’t grow as fast as it did from 2010-2015.
That’s because
US production was able to grow so...
El Paso Corp. (EP:NYSE) recently announced that the Ruby Pipeline is now in service, which could have a supstantial impact on the natural gas sector, according to analysts.
Even with WTI prices above $70 per barrel, and international Brent crude closer to $80… there really isn’t much geopolitical premium in the oil price yet.
And that’s scary (as in… scary bullish) because war in the Middle East has rarely looked more certain—in two places.
First off, oil prices are...
Free-Alert readers often ask me for an example of a full company report that I prepare for my subscribers onOGIB portfolio stocks. So here is one that I did late last year on a stock that turned out to be my biggest win so far of 2014--Pacific Ethanol, symbol PEIX-NASD.Retail investors didn't understand ethanol in early 2013 when...
