• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 6 hours WTI @ $75.75, headed for $64 - 67
  • 39 mins The Dirt on Clean Electric Cars
  • 1 min Petrol versus EV
  • 5 hours The end of "King Coal" in the Wales
  • 5 hours These are the world’s most competitive economies: US No. 1
  • 14 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 1 day Uber IPO Proposals Value Company at $120 Billion
  • 12 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 3 hours EU to Splash Billions on Battery Factories
  • 3 hours E-mopeds
  • 6 mins U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 13 hours Coal remains a major source of power in Europe.
  • 3 hours 10 Incredible Facts about U.S. LNG
Alt Text

Large Crude Build Forces Oil Prices Lower

Oil prices slipped on Wednesday…

Alt Text

The Oil Keeps Flowing: Iran Evades U.S. Sanctions

While President Trump’s stated aim…

Alt Text

North Sea Oil & Gas Operating Costs Rose Last Year

Production and operating costs of…

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…

More Info

Trending Discussions

The Difference Disciplined Trading Makes

 I love it when the trolls come out of hiding, as they have this last week, specifically to rag me for ‘missing’ the last rally in energy stocks. Trolls have the best vantage point to pick stocks; they’re anonymous, never wrong, always up money and tend to disappear when their cheap seats commentary turn out wrong. I don’t have any of those luxuries.

Fortunately, I do have 25 years of experience in the oil markets successfully trading oil and oil stocks – even yesterday as I filed my taxes and despite being outrageously wrong about the massive collapse of oil and oil stocks in 2014, I still managed a trading positive to declare. That’s what good discipline in trading can do for you.

And it is that experience and discipline that is telling me that you still have to stay far away from beta names and oil services in the stock market right now – they are all massively overpriced based on my forecast for oil prices over the next several quarters and quarterly reports about to come in that are going to be horrendous.

Look, I was all about trying to find value when oil prices were in the mid-$40’s and you couldn’t give away the shares of some of the strongest E+P’s. Not only did I recommend names like EOG Resources (EOG) and Anadarko (APC) and Cimarex (XEC), but I also bought them – along with a beta name or two that just looked unnecessarily cheap, like Oasis Petroleum (OAS).

But when…

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