• 6 minutes Can the World Survive without Saudi Oil?
  • 10 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 2 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 22 mins WTI @ $75.75, headed for $64 - 67
  • 4 hours Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 12 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 2 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 12 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 15 hours EU to Splash Billions on Battery Factories
  • 12 hours China Thirsty for Canadian Crude
  • 16 hours Dow logs 830-point loss
  • 17 hours Porsche Says That it ‘Enters the Electric Era With The New Taycan’
  • 17 hours Gold price on a rise...
  • 14 hours Iranian Sanctions - What Are The Facts?
  • 12 hours Shell, partners approve huge $31 billion LNG Canada project. How long till Canadian Federal government Environmentalates it into the ground?
Alt Text

Why Crypto Miners Are Paying Attention To The Permian

The Permian is literally burning…

Alt Text

OPEC Turns On The Taps To Counter Iranian Outages

OPEC reported a collapse in…

Alt Text

Trump Threatens Iran’s Oil Clients

Trump has directed yet another…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

A Lousy Week for Energy

An overview of the energy space this week reveals that energy has been a lousy space this week. It seems opportunity abounds almost everywhere except in the oil patch particularly as earnings begin to come in fairly well and the January swoon that most analysts predicted just hasn’t materialized.

I watch my favorite companies trade and keep coming back to the same cautious approach – even though many of the fundamentals continue to be good.

Crude prices are steady and strong, despite a scary drop to support in WTI at $91.  That’s an indication from the commodity that the quarterly reports from domestic E+P’s are going to be stronger on production growth while weaker on margins, and that could be the start of a very worrying trend for US producers.  I am concerned that while the EIA sees shale production growth through 2020, we will get effective crests a lot sooner than that.   Can we do to the ‘boom’ of shale oil what we did to the ‘boom’ of natural gas from shale?  Almost undoubtedly we will.  

But forgetting about the fundamentals, particularly the long-term fundamentals for a moment, we get an even view into the space by just looking at the market action and individual cases of some of the many stocks I follow.  Reading through this group of stories will have you as depressed about the sector as I.

Apache (APA):  After partially shedding Egyptian liabilities…

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