• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 42 mins https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 17 hours Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 2 days Pollster Frank Luntz released a poll today showing 90% of those that voted for Trump in November would vote for him again.
  • 10 hours Tonight Twitter took down Trump's personal account permanently. Trump responded on the POTUS account.
  • 15 hours CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
  • 2 days Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
  • 2 days ICE Engines Hear to Stay Regardless of War Against
  • 16 hours A Message from President Donald J. Trump - 5 minutes from The White House directly
  • 19 hours The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 2 days Minerals, Mining and Industrial Ecology
  • 2 days a In 2020, we produced and delivered half a million cars.
  • 2 days Trump Supporters Just Handed a Huge Propaganda Victory to 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

As Oil Markets Remain Unpredictable, Permian Is A Solid Bet

Sometimes trading is easy, sometimes it’s not. But certain rules apply at all times: The trend is your friend. Get out of bad trades. When there’s nothing to do, do nothing. And today’s lesson: Go with what’s working.

In the oil market, we’ve had a period of relative quiet, at least as the oil price is concerned. We’ve been bouncing back and forth between $51 and $55 a barrel since the beginning of the year. Analysts have done little in the last two months besides guess where oil is headed next; one week they’re all convinced of a breakout, the next they’re sure that markets are ready to collapse.

One rule of thumb we’ve applied is to do nothing when there’s nothing to do – in the last weeks, we’ve refrained from messing around with our core energy picks of independent U.S. E+P’s working in the Permian basin. And now looking at the way oil stocks have reacted in the last month, we’ve seen again that those tried and true rules of investing are true for a reason.

Natural gas stocks have done nothing. Refining has been a disaster. Oil services have been drifting lower. Offshore stocks have continued to be bottom-of-the-barrel.

But our core players in the Permian continue to progress, if slowly. Even more, there have been opportunities to add to positions on recent dips that have proven profitable in core names like Cimarex (XEC), Centennial (CDEV) and other Permian stalwarts…




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