• 4 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 7 minutes Middle East on brink: Oil tankers attacked off Oman
  • 11 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 14 minutes The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
  • 7 hours The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 5 hours US Shale Drilling lacks regulatory body.
  • 25 mins Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 49 mins Solar Panels at 26 cents per watt
  • 15 hours Coal Boom in Asia is Real and a Long Trend
  • 11 hours The Plastics Problem
  • 32 mins Trudeau approves Trans Mountain Pipeline
  • 4 hours Huge UK Gas Discovery
  • 21 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 5 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 4 hours Malaysia Oil & Gas Updates
  • 12 hours Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 12 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief

Breaking News:

Oil Stabilizes On Small Crude Draw

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

The Double Play in First Solar

There is another angle to the solar play, which I bet you haven’t thought of. I have been arguing that companies like First Solar (FSLR) are great proxy for oil, as any price rise in crude raises the breakeven point that alternative power generators must meet to be competitive on a non subsidized basis (click here for “Solar Energy is Poised to Achieve Cost Parity”).

I bet you didn’t know that it is a currency play as well. First Solar’s primary competitors are Chinese firms, like Suntech Power (STP) and Yingli Green Energy (YGE), whose costs are based in the Yuan. That was not a problem as long as the Yuan was fixed and the global recession caused polysilicon prices to collapse. Those days are now coming to a close. Any appreciation of the Chinese currency feeds directly into their overhead cost. Even just a 5% per year appreciation, the maximum rate which the Chinese government is thought to tolerate, could wipe out the razor thin margins these companies subsist on.

A cheap, long dated call on both oil and the Yuan? Given that I believe that we are in a long term bull market for both, I think you better be accumulating this company on dips. The upside surprises could be explosive.

By. Mad Hedge Fund Trader




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment





Oilprice - The No. 1 Source for Oil & Energy News