• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 4 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 10 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 23 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 22 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 9 hours Saudi Fund Wants to Take Tesla Private?
  • 19 hours Starvation, horror in Venezuela
  • 9 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 10 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 2 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 24 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 2 hours Corporations Are Buying More Renewables Than Ever
  • 18 hours WTI @ 69.33 headed for $70s - $80s end of August
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

Trending Discussions

How To Profit From Pessimism

This is a trader moment – when you can see everyone run for cover and our opportunity is great. On Wednesday, Chesapeake CEO Robert Lawler single-handedly collapsed the energy market with his comments on his 2nd quarter results, driving Chesapeake shares, and others in the space viciously lower.

Wake up, traders – now’s the time to strike.

I love it when a plan comes together, and my plan on the energy markets has been following almost to the letter the outline I laid out in my book “Shale Boom, Shale Bust.” We knew that the Band-Aid approaches of the independent producers here in the US, of driving down Capex while throttling up production was never going to yield any kind of long-term solution. We were waiting for the inevitable ‘production wall’ to be slammed into at rocket speed, driving the production down – finally – and clearing the markets of the gluts that have plagued pricing for the last year.

We’re not there quite yet – not by a longshot – don’t get me wrong. But the point of trading is to be ahead of the trend, not reacting to it. By the time you’ve reacted to it, you’re late.

One great example of this is in the report and comments of Lawler yesterday on Chesapeake. Yes, I’m singling out a natural gas company here instead of a shale oil company, because I’m now starting to believe that the natural gas glut might actually clear a bit faster…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





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