• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 25 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 19 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 9 hours "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 34 mins Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 2 days Did China cherry-pick the factors that affected the economic slow-down?
  • 12 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 8 mins Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 16 hours Are you aware of Oil Price short videos on our energy topics?
  • 21 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 23 hours NordStream2
  • 5 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 411 days Class Act: Bet You've Never Seen A President Do This.
  • 42 mins The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
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

Time to Look North of the Border

2014 has been a tough year to find value in energy.  With oil shale still representing the best investment opportunity in the United States but with the massive run that most US E+P's have already had, it's been tough to find value in the space.  That's why I'm starting to think that the remaining value in E+P might lie north of the border, in Canadian oil companies.  

The model for production and the risks between the US and Canadian companies I follow couldn't be more different, with US firms pursuing unconventional oil from horizontal hydraulic fracturing and Canadian firms generating growth from oil sands development, mostly in the Athabasca.  But in the end, value in the E+P space is related to price -- and with Canadian share prices staying steady while US companies soar, oil sands, as burdened as it is, is looking better all the time.

Of course, it is the Keystone pipeline controversy that helps keep the price of shares of Suncor (SU), Canadian Natural Resources (CNQ) and Cenovus (CNE) down.  Even if the further development of oil shale isn't much dependent upon Keystone, and other pipelines for transport are available, the overhang of Keystone as the symbol of oil sands remains.  A Keystone approval would be the ultimate signal for getting into these names.

But there are other, more fundamental reasons to own Canadian E+P.  While the costs of initiation of an oil sands "well" are greater than for a fracked well in…




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