Leonard is a former portfolio manager and principal at Brecken Capital LLC, a hedge fund focused on domestic equities.
You can reach Leonard on Twitter.
In recent weeks I have read many oil prognosticators theorizing what the ultimate Saudi strategy is, or what their end game might be. To recap,…
Oil prices have increased 50 percent since the lows exhibited earlier this year, a rise that is largely linked to the positive market reaction to…
If any of you have seen my early writings on OilPrice.com, you would know I have been steadfast in my criticism of the media exaggerating…
Despite domestic production declining and demand surging, the EIA reported oil inventories surge by more than 10 million barrels, or more than three times what…
Whiting Petroleum announced earnings on February 24, with probably the most bullish and shocking news to come to the oil patch since the crash started…
(Click to enlarge)Wall Street remains addicted to the sugar rush of monetary easing, and the rise in asset valuations over the past years have largely…
During the 1990s, developing nations including Mexico and many in Asia became very competitive manufacturing bases due to lower wage structures. This, I believe, was…
Recently, I dedicated some time studying in much further depth the explosion in volatility in the broader market as well as in underlying stocks. We…
As a small business owner I know all too well of the struggles to manage overhead as we all struggle through sky rocketing health care…
Continental Resources (CLR) announced its 2016 guidance on January 26 (excerpts below). Essentially it confirms our theory of the new normal of seeking free cash…
As I have explained previously, the main drivers for a sustained oil price recovery – if we shove aside all the media noise and fundamentals…
The past seven to eight years in the financial markets have been especially unique. No two periods of time are ever exactly alike, but the…
Financial markets repeatedly cling to bits of data to justify irrational conclusions about the current state of the economy. The latest attention-grabbing headline is the…
The days of E&P companies using external debt financing to fuel growth have most likely come to a close. The one thing executives should have…
It’s very clear that both the industrial and manufacturing sectors are in recession while consumer spending slows but remains positive despite lower commodity prices. This…
Where most analysis on oil markets tends to fall short is on the depth of analysis vs. reading headlines and group think, the latter of…
It is indisputable that central bank mandates have morphed from just employment/inflation managers to all out asset class manipulators. One may argue what assets classes…
First, let’s review 2015 to see what could occur in 2016. What was most noteworthy was the continuation of investor focus on central bank interventions…
In my last article I outlined the case that the fall in commodities is a result of Fed policy more so than fundamentals. The fall…
One thing I live by is the belief that “if coincidences keep happening they are no longer coincidences.”There seem far too many coincidences to credibly…