In US oil, high production growth = high valuation. And the Permian formation in SW Texas has been growing faster than any other basin—which is why Permian stocks were investors’ favourite for the last two years.
In the Permian mania, stocks would trade at huge cash flow multiples—making a lot...
North America is finding more oil than it can pipe or ship. Investors and the general public alike now know the story about pipeline constraints; it’s in our newspapers every day. Right now, the Permian formation in west Texas has it, and Western Canada has it. The Bakken play...
Something happened while everyone in the oil business was getting all hot and bothered about the Permian Basin.
Bakken operators made a game-changing breakthrough in their completion methodology.
The chart below from Continental Resources (CLR-NYSE) tells you everything that you need to know.
The blue line represents rates of return at various...
The junior lithium sector got a new valuation benchmark at the end of May when Aussie-listed Galaxy Resources (GXY-ASX) sold some grassroots lithium assets in northern Argentina to POSCO, a Korean conglomerate.
The ground was in the northern basin at Sal de Vida, in northern Argentina, and Galaxy received US$280...
Here is something that you wouldn’t expect.
Permian Basin oil producers are selling oil for $20 per barrel less than Brent pricing price…yet the largest producer in the Permian couldn’t be happier about it.
How is that possible?
As soaring Permian production overwhelms takeaway capacity and decimates Permian oil prices Occidental Petroleum...
Editors Note: OGIB subscribers have had a great couple months, with stocks like Viper Energy (VNOM-NASD) GeoPark (GPRK-NYSE) and Athabasca Oil (ATH-TSX).
But my colleague Paul Andreola, editor over at sister-publication SmallCap Discoveries has had a phenomenal run in the last two years, with several 10-baggers including Lite Access (LTE-TSXv;...
Cobalt is at near record prices—and The Big Catalyst for cobalt stocks hasn’t even happened yet.
That leaves a lot of upside left for investors in this space. The Good News is…I expect this to happen soon.
Public company stocks in the other energy metal—lithium—had a great run in 2017, and...
The stocks of oil producers working in the Permian Basin of West Texas took a huge hit on Friday as the Street, as two reports—one by Goldman Sachs and the other by boutique brokerage Bernstein—said Permian price discounts would get deeper faster and stay deep for longer.
Goldman was talking...
