You can read a lot on the breakeven price for oil right now. I think a lot of what you read now is missing the point--because I think the breakeven price for oil isn't all about economics. There's a human element to this (and every) trade.
I think the breakeven...
Eating, breathing, sleeping and investing in the oil & gas markets is my life’s work.
Since I’ve opened my portfolio to subscribers in 2009 I have…
Had 49 trades with triple digit gains.
Closed 148 trades for profits (and counting).
Made $1.8 million in net profits from trading
Now invest over $2 Million of...
As energy prices hit 6 year lows in January 2015, energy producers across North America cut their budgets, and reduced growth expectations—often to zero.
But not one Montney producer.
So far, newly-listed and highly-regarded Seven Generations Energy (VII-TSX) is standing by their 2015 spend of $1.6 billion in the very liquids rich gas...
I’m saying farewell to numerous companies that have been in oil price fantasy land and refuse to adapt to the new paradigm.
For too long, many of them have been:
Accumulating copious amounts of debt
Drilling prospects that are not justifiable at current sub $55 oil or even sub $75 oil
Relying on...
What do you do if a respected friend gives you a stock tip?
Stock tips should be avoided at all costs—nothing replaces old fashioned research.
And with oil stocks, 10-15 minutes of research can tell you almost all you need to know—if you’re looking for the right data points.
In my six years...
I’m saying farewell to numerous companies that have been in oil price fantasy land and refuse to adapt to the new paradigm.
For too long, many of them have been:
Accumulating copious amounts of debt
Drilling prospects that are not justifiable at current sub $55 oil or even sub $75 oil
Relying on...
Why are producers spending ANY money right now? I’ll tell you why—you can’t shrink yourself to greatness. But there is one very good reason to stop spending completely—Mergers and Acquisitions.
Now, nobody knows how long sub-$50 oil will last (and always remember that producers get $5-$10 less than WTI). Morgan...
Since oil really started crashing, the media can only talk negatively about oil.
These are the same talking heads who had no clue about the impending 50% plunge in prices. Why do we listen to them—instead of paying attention to facts?
Here is one fact….US gasoline and oil demand is surging.
That...
