• 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
  • 2 hours Oil prices going Up? NO!
  • 1 day Could Venezuela become a net oil importer?
  • 4 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 3 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 1 day Gazprom Exports to EU Hit Record
  • 8 hours Oil prices going down
  • 11 hours Could oil demand collapse rapidly? Yup, sure could.
  • 1 day Oil Buyers Club
  • 2 days Why is permian oil "locked in" when refineries abound?
  • 10 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 2 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 8 hours Saudi Arabia turns to solar
  • 1 day Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 10 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 days EVs Could Help Coal Demand
  • 3 hours Are Electric Vehicles Really Better For The Environment?
Martin Tillier

Martin Tillier

More Info

Trending Discussions

These Could Be The Winners Of 2016

Conventional wisdom would have it that 2015 was a disastrous year for oil and other energy industry related stocks. Certainly for those that have a long term “buy and hold” mentality that is true, but for those of us who trade more actively the story is a little different. What traders need is movement, regardless of direction. In fact a market that follows a strong trend but bounces around a bit as it does so is just about perfect from a trading perspective and that certainly describes oil and natural gas futures this year. As a result stocks in the energy sector have tended to follow the same pattern, resulting in a lot of opportunity for profit.

The big picture, though, has been pretty dismal. Most commentators (and I will freely admit that I was in that group) thought at the start of 2015 that the worst of the drop in oil was over, and expected the strong support in the low 40s to hold. That looked like a decent prediction early in the year as futures bounced off of that level and recovered to above $60/Barrel, but then rapidly increasing supply and signs of weakness in global demand caused another push down.

(Click to enlarge)

This sustained weakness in oil, as well as a late year collapse in natural gas, put enormous pressure on many small producers. Most soldiered on though, in the belief that a recovery was imminent and that cash flow from very low and even negative margin production was better than shutting down. That, predictably…

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