• 2 minutes Rational analysis of CV19 from Harvard Medical School
  • 4 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 7 minutes Renewables Overtake Coal, But Lag Far Behind Oil And Natural Gas
  • 4 mins China wields coronavirus to nationalize American-owned carmaker
  • 54 mins Joe Biden the "Archie Bunker" of the left selects Kamala Harris for VP . . . . . . Does she help the campaign ?
  • 10 hours Open letter from Politico about US-russian relations
  • 1 day US will pay for companies to bring supply chains home from China: Kudlow - COVID-19 has highlighted the problem of relying too heavily on one country for production
  • 3 days Trumpist lies about coronavirus too bad for Facebook - BANNED!
  • 26 mins COVID&life and Vicious Circle: "Working From Home Is Not Panacea For Virus"
  • 3 hours Trump Hands Putin Major Geopolitical Victory
  • 10 hours Oil Tanker Runs Aground in Mauritius - Oil Spill
  • 19 hours Trump is turning USA into a 3rd world dictatorship
  • 3 days China's impending economic meltdown
  • 2 days Liquid Air Battery
  • 2 days What the heroin industry can teach us about solar power (BBC)
  • 3 days The Truth about Chinese and Indian Engineering
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

How To Play The OPEC Production Cut

We’ve been trying to leverage what we’re convinced will be a substantial OPEC accord on Wednesday, November 30th, and spent the last several columns outlining why we’ll see at least a six-month agreement to knock more than a million barrels a day of OPEC production off the market.

Now comes the time to find some stocks to play for the next week and going into the rest of the year. Here, I’ve tried to point people towards some of the Permian shale players, who are already the hottest of the oil companies: Cimarex Energy (XEC), Concho Resources (CXO) and Pioneer Natural Resources (PXD), to name three of the hottest.

But it is true that many of these have become almost TOO well regarded, leaving some others in the oil space as perhaps more interesting mid-term plays for the coming meeting and beyond. Let me suggest two names to you: Oasis petroleum (OAS), a leveraged Bakken oil company, and Noble Energy (NBL), an underestimated player who will benefit from their assets in the Niobrara shale.

These two names couldn’t be less like one another, but together they make a nice pair of oil companies. Let’s start with Oasis, the one that I had once included on my ‘walking dead’ list of oil companies, convinced that they’d be unlikely to make it out of the crude bust cycle without a restructuring.

Well, the bust cycle is hardly over, and I’m not yet entirely convinced that Oasis will make it. But I am…




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