• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 5 hours While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 14 mins Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 46 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 10 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 8 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 33 mins Which producers will shut in first?
  • 8 hours Marine based energy generation
  • 12 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 7 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 8 hours How to Create a Pandemic
  • 9 hours Apple to Bypass Internet and Beam Directly to Phones
  • 1 day TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
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

Reflecting On The Oil Rally

Oil Rig

A mélange of topics to be covered this week in the column, I cannot pick one that is more valuable than the other, so I’ll try to touch upon them all – forgive the necessary superficial treatment:

We’ve been frankly awesome in some macro predictions about oil and oil stocks in the last several months and are really beginning to reap the rewards of those insights. We believed we’d see upwards of $75 oil this year, a prediction we’re already seeing in Brent oil in April, all while the bank analysts have only slowly raised targets from well under $55 – not just for this year, but NEXT year as well:

(Click to enlarge)

We’ve looked at the massive disconnect between oil prices and the prices of underlying oil stocks and have sent out a few buy signals for this tremendous opportunity – several of our favorites have registered massive gains in the last two weeks after that call.

Now quarterly reports are starting to roll in, on Thursday morning from Total (TOT), Shell (RDS.A) and Conoco-Philips (COP). What we can say from these few is that the advice we gave towards looking at the oil majors has been borne out again from these few quarterlies – Shareholders are no longer looking to reward a mere increase in production but need it to be in line with cash flow. Outspend your incoming cash flow on Capex and you will get punished; Exxon’s performance has been the most obvious proof of this…




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