• 3 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 9 minutes This Battery Uses Up CO2 to Create Energy
  • 12 minutes Shale Oil Fiasco
  • 30 mins Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 2 days We're freezing! Isn't it great? The carbon tax must be working!
  • 2 days US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 10 hours Let’s take a Historical walk around the Rig
  • 4 hours Beijing Must Face Reality That Taiwan is Independent
  • 19 hours Trump has changed into a World Leader
  • 20 hours Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 20 hours Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)
  • 3 days Indonesia Stands Up to China. Will Japan Help?
  • 2 days Might be Time for NG Producers to Find New Career
  • 3 days Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 3 days Anti-Macron Protesters Cut Power Lines, Oil Refineries Already Joined Transport Workers as France Anti-Macron Strikes Hit France Hard
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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