• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 2 hours U.S. Shale Oil Debt: Deep the Denial
  • 17 hours Satellite Moons to Replace Streetlamps?!
  • 1 day EU to Splash Billions on Battery Factories
  • 13 hours The Dirt on Clean Electric Cars
  • 25 mins Why I Think Natural Gas is the Logical Future of Energy
  • 11 hours Owning stocks long-term low risk?
  • 4 hours Can “Renewables” Dent the World’s need for Electricity?
  • 2 days US top CEO's are spending their own money on the midterm elections
  • 2 days A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 2 days The Balkans Are Coming Apart at the Seams Again
  • 2 days 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 10 mins Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 2 days Uber IPO Proposals Value Company at $120 Billion
Alt Text

Oil Prices Under Pressure As U.S. Shale Supply Soars

Continued production growth in the…

Alt Text

Hurricane Michael’s Impact On Gasoline Demand

Hurricane Michael had a significant…

Alt Text

What Killed The Oil Price Rally?

A bearish report from the…

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