• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 2 hours Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 4 hours US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 7 mins Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 1 hour Trump will be holding back funds that were going to W.H.O. Good move
  • 19 hours Mr
  • 55 mins ‘If it saves a life’: Power cut to 1.5 million Californians
  • 16 hours Free market or Freeloading off the work of others?
  • 1 day While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 16 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 17 hours Marine based energy generation
  • 23 hours Which producers will shut in first?
  • 1 day What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
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…

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Don’t Be Disappointed By The Short Term

A melange of energy topics to cover this week, including a quick wrap-up of earning and an update on a trade I suggested on January 28.

First, quarterly earnings for energy brought almost exactly what we might have imagined – at least as far as earnings were concerned: Everybody reported a year over year decline in revenues and either missed or beat expected earnings by a small margin. But that wasn’t the important story. What was important were the other additional financial moves by many energy companies and the general outlook from CEO’s on conference calls: BP CEO Bob Dudley’s pessimism of possibly $10 oil and a very long recovery cycle was the worst, but by no means the outside viewpoint from oil execs. Exxon-Mobil’s Rex Tillerson was circumspect about any acquisitions they might make in the near future; this after practically telegraphing a buy of some kind in US oil shale last quarter. From my perch, it’s a wondrous and wonderful turnaround from the “keep calm and frack on” sangfroid of little over 5 months ago. When no one was worried, you were right to be cautious. Now that everyone’s worried, I’m more convinced than ever that the bottom will be seen in 2016.

Meanwhile, extreme panicked moves financially were taken by the large and mega caps, including secondaries from Hess (HES) and Devon (DVN) and a dividend cut from Conoco-Philips (COP). Each of these must be taken separately in their wisdom,…




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