Did you know that 90 percent of every good we buy gets loaded on a ship at some point? And shipping accounts for about 4-5% of global fuel use.
Those two stats basically guarantee that there WILL be a major disruption to the oil and shipping markets in 2020--just two years...
A hostile bid in the Canadian oilpatch is…un-Canadian, eh?
But the industry has one now with private-co Velvet Energy bidding 75 cents per share for Iron Bridge Resources (IBR-TSX; OEXFF-PINK; formerly RMP Energy) in an all-cash deal.
It also puts two former colleagues on the opposite sides of the fence: IBR’s...
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...
The oil market is greatly underestimating what has just happened.
The Green Light for oil profits was turned on yesterday by US President Trump. I’m going to take advantage of it…. will you?
Back during his Presidential campaign, Donald Trump repeatedly referred to the 2015 Iran Nuclear Deal (The Joint Comprehensive...
Every spring the elite of the investment world gather in New York for the Ira Sohn Investment Conference. It is a Who’s Who of the hedge fund industry.
This year Jeff Gundlach—who oversees $120 billion for DoubleLine Capital—took the stage and pounded the table for buying one thing….
Shares of oil producers, specifically...
Could we see $100 per barrel oil in the next 12 months?
The answer is yes.
The reason why is because the only person on the planet who can $100 per barrel oil happen is very motivated to do so.
The Prince’s Plan Requires High Oil Prices
We need to remember that it...
Spartan Energy--which I think was the best junior oil producer in Canada (i.e. best free cash flow/low cost producer)--sold itself to Vermillion Energy (VET-NYSE/TSX) for 4.5-5x EBITDA. I think that's a very low valuation. It was a paltry 5% premium over the previous day's close.
This is a huge negative...
This has to be the most bullish oil market chart that any of us have seen in years.
Take a deep long look at it and then let’s discuss…
I told you……this is incredibly bullish.
The chart tracks the number of days’ worth of crude that the United States has in storage...
