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.
History dictates that flat oil price curves are rare events and usually signal a pivot point in future pricing and economic activity. Today’s curve can’t…
Once again, we wake up with markets reacting more to macro data versus fundamentals, Goldman Sachs reiterating its bearish call on oil and the EIA…
E&P earnings are coming in and the impression we’re left with is that natural gas investment in Marcellus is being reduced, while oil overall appears…
As I review the financials of one of the largest shale producers in the United States, Whiting Petroleum (WLL), I can’t help but notice the…
Range Resources (RRC) held its quarterly conference call earlier today. Before going into this, we have in the past highlighted the obsession on supply side…
As we as Americans wake up to more riots, one has to wonder if all is well with things. For six months now we have…
Last Friday we finally got confirmation of where all the natural gas supply has been coming from as Cabot (COG) reported its earnings. Just like…
The recent unprecedented surge in oil imports has again prompted a review of things here. In a prior story, we wrote that the lack of…
Today we will take a look at both Whiting Petroleum (WLL) and Continental Resources (CLR) as far as their Bakken economics. Overall the numbers will…
This morning markets woke to rising Middle East tensions which cause upward pressure on prices offset by headlines via Reuters “Naimi says Saudi oil production…
It started with the Iranian supply overhang and has grown louder by the day in the media. While we were all supposed to be cowering…
Last night the EIA once again capitulated on the myth that rig counts don’t matter and the productivity of wells would largely offset, leaving the…
Oilprice.com sat down with the President and founder of CornerStone Analytics Mike Rothman to discuss the current state of the global oil sector, with a…
Last week we saw another 10MB massive crude oil build domestically at a time when US production is flattening, refinery capacity is rising and gasoline…
The easy money created by the Federal Reserve via QE has long since been the root cause of asset price distortion well beyond what fundamentals…
As previously reported the EIA, the IEA and the media have been understating demand and overstating “estimated” production. Today the EIA capitulated, finally exposing the…
This morning much to my shock investors woke up to yet another sensationalistic spin on “facts” from the media and brokers (GS in the lead)…
The EIA reported continued gains in oil inventory coming in slightly above expectations at 4.8MB. But for the first time this year production actually dropped…
Recently, I have noticed that oil storage & production data (and media hype for that matter) has disconnected from hard data. This has been occurring…
We are in an age of propaganda where most people argue viewpoints not based on facts but on selective perception basis. They cherry pick what…