The Offshore Oil Business Is Crippled And It May Never Recover
How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price?
Exxon Mobil (NYSE:XOM) just paid Seadrill (NYSE:SDRL) $125 million in cash to get out of its commitment to...
If you were on the hunt for the next big horizontal oil play in the U.S., where would you be inclined to look?
Texas? That makes sense; Texas is the top oil producing state in the country.
California? That also makes sense, California has been a top oil producing state for...
LITHIUM PRICES TO STAY HIGH THRU 2024--UBS
85 page report suggests industry will remain highly profitable
Lithium prices will remain well above historical levels thru 2024, UBS Securities said on Thursday June 15, as electric car batteries reach cost parity with ICE—Internal Combustion Engines—in mid 2018. They suggest that will spark...
It has been a rough week for global stock markets. But there is still One Big “Gimme” in investing markets. It’s a commodity that will have no cycle for the next 10 years—I expect it to go straight up with almost no volatility.
I’m talking about CARBON.
That’s because CLIMATE is the...
There is a huge catalyst in the lucrative lithium market right now. It’s something that the entire global industry—and the investors behind it—are watching and waiting to happen.Somebody, somewhere, sometime, is going to perfect DLE—Direct Lithium Extraction from underground brines.Below, I have one of the world experts on DLE and lithium...
One year ago, I wrote this story, asking—could the Bakken ever hit 1 million barrels of oil per day (bopd) production?
Well, now the Market is asking—when (not if) will it hit 2 million?
A massive, 76-page report from Goldman Sachs from late September suggests 2023—that’s another TEN YEARS of growth—with the biggest growth year...
Dan Loeb's Bearish View on Frac Sand Stocks
Earlier this week, I showed you how the share prices of frac sand suppliers have crashed since February and have generated a lot of pain for shareholders.
Here is the not so pretty picture:
Ticker
Company
2017 Share Price Peak
Current Share Price
Decline
% Decline
SLCA
U.S. Silica
$61.49
$37.39
$24.10
39%
EMES
Emerge Energy
$24.45
$11.19
$13.26
54%
HCLP
Hi-Crush
$23.30
$13.37
$9.93
43%
FMSA
Fairmount Santrol
$13.12
$5.00
$8.12
62%
Shareholders...
Poseidon Concepts executive Kostelecky Is Criminally Charged
Editors Note: Calgary's Poseidon Concepts was a market darling in 2011-2012, rising from $2.65 - $16 on the Toronto Stock Exchange. The company proclaimed it was so profitable making and selling frac water tanks, it started a dividend. But doubts in the Market...
