• 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
  • 20 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
  • 1 day America should go after China but it should be done in a wise way.
  • 7 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

North American Oil Stocks: Buy Or Sell?

Oil spent the last week in a fast funk before a resurgence of interest sent prices rising back towards $50 this week. As the 1st quarter reports of many of the U.S. E+P players come in, we have a great opportunity to assess which one of them, if any, we’d like to focus on to take advantage of an oil price that seems momentarily stuck between $45 and $53 dollars a barrel.

In general, the story of earnings from each of them is exactly the same, although the differences, when there are some, are critical for knowing where to invest in the energy space. A notable similarity between all of these companies is that they are hugely ahead of where they were in revenues compared to last year. This makes lots of sense as oil was trading an average of about $25 lower in the first quarter of 2016 compared to this year.

Each of them is also clearly committed to increasing production in 2017 as well. This is also a similar theme for U.S. oil companies and not a good one – the slavish move towards higher production, no matter what the outlook for oil prices and profitability has helped to extend the timeline of global rebalancing of supply and demand and punish stock prices.

So, neither of these commonalities is helpful in gauging which of these producers to own. It has become fact that U.S. oil companies are now reliant upon continuing OPEC cuts to make them even marginally profitable. The crowing you’re hearing from oil CEOs on conference calls, thumbing…




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