• 3 minutes Natural gas is crushing wind and solar power
  • 7 minutes OPEC and Russia could discuss emergency cuts
  • 11 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 1 hour So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 2 hours Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
  • 45 mins Blowout videos
  • 15 hours Question: Why are oil futures so low through 2020?
  • 20 mins Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 hours CDC covid19 coverup?
  • 7 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 1 hour The Arithmetic Of Fracking
  • 14 hours Shorting Gold
  • 6 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 1 day Peak Shale Will Send Oil Prices Sky High
  • 1 day Phase One trade deal, for China it is all about technology war
  • 2 days Step Forward: Trump Says U.S.-China Trade Deal Will Be Signed On January 15
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 Obvious Play in Canada’s Torquay region

It has been the continued strength of the crude oil market, through the very bearish (and wrong) predictions of most of the major wirehouse analysts that has informed most of my E+P plays over the last 2 years and made us so much money.  But with most of the gains in the US E+P stocks already booked in my view, but with a continued belief in high and sticky crude oil prices, I’ve searched high and low for new opportunities, and I think I’ve found a small one: In Canadian oil.  

I’ve talked around the Canadian producers in several columns over the last 6 months, believing that the underlying strength in Canadian names would come from the continued development and production in the oil sands of the Athabasca.  With a continued intransigence on the part of the White House to approve the Keystone pipeline (a move I had thought they’d be forced into by now), those Canadian tar sands plays have been waiting for infrastructure build-outs to release their potential value.  I’m not walking away from long-term recommendations like Cenovus (CVE)  -a ‘leader’ in very old-school technology of oil sands extraction, but the really great money on CVE is still probably more than a year away.  Perhaps the latest TransCanada (TRP) proposal on an Eastern pipe (Energy East) will be the key catalyst they need.  

But another obvious play has started to pique my interest and I’ve begun accumulating Canadian…




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