• 3 minutes Tesla is the Most American Made Car!
  • 7 minutes Should the US government be on the hook for $15 billion?
  • 9 minutes California breaks 1 GW energy storage milestone
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours China Producing Half of the Worlds Electrical Vehicle Batteries is Experiencing Explosive Pollution
  • 11 hours U.S. Presidential Elections Status - Electoral Votes
  • 19 hours Severe Drought in the West Will Greatly Reduce Electrical Production from Hydroelectric Turbines.
  • 3 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
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

Midstream Opportunities in the Marcellus

I’ve been warning readers about 1st quarter energy results in the Exploration and Production companies – believing that the results would be overhyped and lead to disappointments.  But nothing like that has happened.  

In fact, the E+P’s have been killing it, if not from increased realizations, then by the strong prices in natural gas during the winter of 2013.  And, if that weren’t enough, the wide differentials in domestic crude benchmarks led to some incredible results from the refiners and in the downstream results of the big integrated stocks.  Exxon-Mobil (XOM), my long time ‘go to’ integrated behemoth, just posted incredible downstream numbers, in time to see those shares rise well over $100.  Jim Cramer, who I spoke with yesterday, sees $120 as a reasonable Exxon target.   Wow.

But one area of energy is being overlooked in this incredible renaissance of US production:  Midstream assets.  In the massive ramping of production here in the US, what has been left behind so far has been the infrastructure to carry it where it needs to go.  Despite the thousands of miles of pipelines that currently criss-cross our nation, there’s much, much more that needs to be built in order to catch up to the potential resources E+P companies are targeting.  

Two obvious areas for midstream growth present themselves as worthy of investment, the Marcellus and the Bakken –…




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