• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 16 hours Could Venezuela become a net oil importer?
  • 8 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 19 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 1 hour Oil prices going Up? NO!
  • 16 hours Gazprom Exports to EU Hit Record
  • 18 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 16 hours Could oil demand collapse rapidly? Yup, sure could.
  • 9 hours Oil prices going down
  • 19 hours Why is permian oil "locked in" when refineries abound?
  • 16 hours Oil Buyers Club
  • 19 hours EVs Could Help Coal Demand
  • 7 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 1 day Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 2 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 14 hours Saudi Arabia turns to solar
Alt Text

OPEC+ Proposes 1-Million-Bpd Production Increase

The joint ministerial monitoring committee…

Alt Text

Venezuela Forced To Shut Down Production As Operations Fall Apart

Venezuela’s economic, social and political…

Martin Tillier

Martin Tillier

More Info

Trending Discussions

One Of The Best-Positioned Micro Caps In The Market

With oil continuing its steep decline and now breaking through the psychologically important low from the depths of the recession in 2009, the qualities that investors should look for in an energy company have changed somewhat.

A conservative approach to expansion, which was punished in the recent past, is now looking like a smart move. Stock in companies with untapped reserves have been hit as oil has fallen, for sure, but some are beginning to buck the trend of oil’s collapse and level out, or even in some cases recover slightly. Synergy Resources (SYRG), a small, Colorado based exploration and production company would be a case in point.

The above chart offers a comparison between SYRG (the blue mountain chart) and the oil ETF OIL (the purple line). As you can see, while oil’s decline has continued, SYRG seems to have bottomed out. Relative strength such as that in a weak market is notable and justifies further investigation.

Synergy is focused on Colorado, specifically the Wattenberg field in the Denver-Julesburg basin, which brings some risk with it. The area is somewhat lacking in infrastructure and pipeline capacity for example, which may explain the more cautious approach. It also involves utilizing a type of drilling that is relatively new and thus unproven. What has presumably sparked the interest of investors, however, is that the company has eschewed rapid organic growth in the last couple of years and had instead focused on…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





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