• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil prices going down
  • 55 mins Oil prices going down
  • 22 mins Could oil demand collapse rapidly? Yup, sure could.
  • 1 hour Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 5 hours Sabotage at Tesla
  • 13 hours Oil and Trade War
  • 30 mins Trump Hits China With Tariffs On $50 Billion Of Goods
  • 12 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 15 hours Sell out now or hold on?
  • 15 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 1 hour After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 10 hours What If Canada Had Wind and Not Oilsands?
  • 9 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 1 hour The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 1 hour Nopec Sherman act legislation
  • 13 hours venezuala oil crisis
  • 13 hours When will oil demand start declining due to EVs?

Breaking News:

Nigeria Struggles To Sell Its Crude

Alt Text

Iranian Oil Production Could Be About To Plunge

American, European and even Indian…

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

These Refiners Could See Some Healthy Returns

We’ve continued to try to find value in the energy space, by trading around and out of winners in the independent E+P’s and majors that have recently peaked – at least for now. We’ve assembled a melange of energy focused names that defy categorization – and we shouldn’t care about that. The point is to make money – period.

Looking over our portfolio of current energy names, there’s a lot to like: a targeted natural gas name (Southwestern), a LNG provider (Cheniere), a start-up Permian basin SPAC (Silver Run Acquisitions) and a refiner (Valero). In adjusting this strange portfolio, I’d feel safest adding to one of them only – Valero. It seems most poised to take immediate advantage of the energy space right now.

Why? Well, several factors are working to the advantage of the refiners today, where they are working to the disadvantage of oil producers in general. The most important has been the very, very slow rebalancing process that has occurred in the shale plays here in the US. I had thought very strongly that we’d be much further along in the process of rebalancing; So far, we’ve seen perhaps a 600,000 barrel a day decline in tight oil production from our highest point in 2014. I would have thought that we could have seen more than a 1.5m barrel a day drop by now, assuming the level of debt and negative cash flows in independent oil producers at $45 crude.

 

(Click to enlarge)

Instead,…

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