• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 9 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 15 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 2 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 2 hours Venezuela set to raise gasoline prices to international levels.
  • 14 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 1 day Starvation, horror in Venezuela
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 1 day Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 38 mins Renewable Energy Could "Effectively Be Free" by 2030
  • 7 hours Corporations Are Buying More Renewables Than Ever
  • 1 hour Are Trump's steel tariffs working? Seems they are!
  • 16 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
Alt Text

Can U.S. Shale Stop A Global Oil Supply Crisis?

U.S. shale is often overlooked…

Alt Text

Is Nigeria’s Oil Industry On The Road To Recovery?

Throughout the spring and summer…

Alt Text

The Key Oil Price Driver By 2020

Middle distillates such as jet…

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

Trending Discussions

How To Start Managing Your Long-term Energy Positions

If you’ve taken advantage in the last two weeks to begin accumulating a long-term energy position, as I have previously suggested, we need to get a further understanding about how to manage that position and what I see as the likely timetable for oil and oil stocks. Here’s my latest “trade” report:

China worries and a few quicker indicators that domestic production was beginning to slacken accelerated my timetable for investment that I laid out in my book, “Shale Boom, Shale Bust.” I now believe that the lows in oil have likely been seen, but that does not mean that I believe that oil will become constructively bullish any time soon either.

Why is that? It’s because so many of the signposts for the next boom in oil that I laid out in my book have not materialized as yet – particularly the consolidation movement of shale assets into the hands of larger major oil companies and a few select private equity players.

One other thing I never counted on when I wrote my book was the varied level of corporate accounting ‘tricks’ that even the most overleveraged shale players were capable of – there is a lesson here in the sophistication of modern investment banking, capable of so many ‘life-saving’ restructures that keep them alive.

Halcon Resources (HK) shows an example of this. In their latest restructuring, they have literally forced bondholders almost at the point of a gun to take…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





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