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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…

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The Bearish Case For Oil Stocks

Oil

It’s hard to imagine myself writing a more insightful column than the one I wrote last week on the energy markets and how to play them. I invite you to please read that one again before I continue on here:

In that column I foresaw the continued strength that was likely to occur in oil prices, but even more importantly, the beginnings of the end of the strange and unfathomable disconnect that had been occurring between the prices for oil and the prices of oil stocks. This Wednesday’s and Thursday’s action in the markets couldn’t have been a stronger confirmation of this trend, which I believe is only beginning.

We’ve got a great future opening up for us in oil stocks.

And PLEASE – before you read the rest of this column, go back and read last week’s. That optimism for the most part remains for me going forward – but it is crucial to also point out the stumbling blocks that might appear.

And there is one large one you need to be aware of.

I’ve made a profitable career out of connecting the dots of financial interest in oil futures as a major predictor of oil prices. Heck, I even wrote a book on the subject. And while my work in this area has spawned a whole group of observers of this phenomenon, it has become no less as important a tool to keep in the box – we must be laser focused on the speculative interest that enters and leaves the oil futures markets, if we are to stay ahead of the…

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