• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Does Toyota Know Something That We Don’t?
  • 5 days World could get rid of Putin and Russia but nobody is bold enough
  • 16 hours America should go after China but it should be done in a wise way.
  • 6 days China is using Chinese Names of Cities on their Border with Russia.
  • 8 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 8 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 8 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 7 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 8 days Putin and Xi Bet on the Global South
  • 8 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 9 days United States LNG Exports Reach Third Place
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
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

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,…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News