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Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

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Now Is The Time To Rebuild Your Energy Portfolio

Oil

Last week, I wanted to give you a firm go-ahead signal to target and buy oil stocks. This week, we’ve already done fine in following that advice. For now, I have little to add to the recommendation I made last week, except to note that in some cases, the reaction of oil stocks was relayed (I think prematurely) to some of the oil services stocks (shale specialist Helmerich and Payne, notably) – and that bears watching for our next important opportunity down the road.

With this very specific directive already out there and your work hopefully already done (or being done), what should I talk about this week? What I’d like to do, as we’re slowly reconstructing our portfolios that we will monitor and trade through the rest of the year, is give some background perspective to why I think we’ve embarked on a major move for oil and oil stocks that will prove worthy of waiting much of 2017 to finally materialize.

Recently, I heard a podcast interviewing Rusty Brazile, the director of RBN Energy, a top energy advisory service. Outside of the smart tangible trends that Brazile discussed, including the trends in the Permian with longer-spaced laterals and other efficiency gains, one of the strange (for me) conclusions that Brazile reached was the continued success he says he is witnessing. He claims to see more than marginal profitability in the Permian among more than a handful of E+P players. He would not even characterize the current environment…

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