• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 8 hours Wonders of Shale- Gas,bringing investments and jobs to the US
  • 5 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 3 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 3 hours California's Oil Industry Collapses Despite Shale Boom
  • 1 hour North Dakota oil output totals 1.39 million b/d in March, up 4% on month: state
  • 25 mins Rural and Conservative: Polish Towns Go 'LGBT free' Ahead Of Bitter European Election Campaign
  • 50 mins Global Warming Making The Rich Richer
  • 8 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 7 hours IMO2020 To scrub or not to scrub
  • 5 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 12 hours Crude oil?
  • 5 hours Iceland Reducing Gas Stations By Half By 2025
  • 8 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 15 mins Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
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

An Energy Company that Continues to Excite Me

There’s no doubt that the energy sector has been a virtual minefield this year. With the Dow Jones Industrial Average hitting fresh highs, you would think just about any energy company would be doing well, but some are performing spectacularly while others are in a deep funk.

I’ve done a lot to tell you how I try to separate the wheat from the chaff, the great potential runners like Anadarko and EOG resources and avoiding the slowpokes like Devon energy, BP and SandRidge. 

One name that continues to excite me was Noble Energy (NBL).  I was talking to a fellow trader yesterday about Noble and specifically cited its mostly ignored but, I believe, game-changing investment in the Leviathan offshore project in the Mediterranean Sea off of the Israeli coast. This morning, Noble released a report showing just how spectacularly this project is moving along. With the recent moderation in Noble shares over the past several days bringing the price below $110, I am reiterating my recommendation. Now would be a great time to either begin or increase your exposure to Noble.

Leviathan has been much ignored because it is almost entirely natural gas and will affect only the markets surrounding the Eastern Mediterranean; Turkey, Italy and Greece. But here's the thing: Europe isn’t the US and Natural gas is good in these markets, spectacularly so: Italy and Greece are two of the more expensive local markets in Europe with prices almost three times…




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