Oil

The Stock Market’s Hottest Sector in 2021 Is …

The Stock Market’s Hottest Sector in 2021 Is …

While I was filling up my car’s gas tank the other day, I noticed something different: The price per gallon started with a three rather than a two. Of course, paying $3 a gallon for gas isn’t anything new. We saw those prices — and higher — for years during the late 2000s and early…

Don’t Buy Beaten-Down Oil Stocks Just Yet

Don’t Buy Beaten-Down Oil Stocks Just Yet

Investors love to buy beaten-down assets. And nothing is more beaten down right now than oil and gas stocks. These companies have taken a beating as oil prices plunged 70% to start the year. These stocks have a direct correlation to oil prices — oil prices are a way to measure their profits. That means…

OPEC Countries Are Moving to Crush North American Oil

Many U.S. oil companies are on the brink of disaster. Four months of losses will do that to you. And global producers are taking advantage. The latest round of bankruptcies just hit the U.S. oil patch. California Resources Corp. (NYSE: CRC) is the first of what could be many more. It declared bankruptcy on July…

Huge Cash Flows for Decades

Huge Cash Flows for Decades

On Sunday, July 5, billionaire investor Warren Buffett’s Berkshire Hathaway (NYSE: BRK) bought a huge chunk of Dominion Energy’s natural gas distribution and storage network. The $9.7 billion deal means Berkshire gets: Over 7,700 miles of pipelines. 900 billion cubic feet of natural gas storage space. And 25% of a Maryland liquefied natural gas port….

Crude Oil Turns Bullish — Play Its Rise With This “Profit Stacking” Strategy

Crude Oil Turns Bullish — Play Its Rise With This “Profit Stacking” Strategy

Crude oil doom-and-gloomers are falling by the wayside. U.S. prices exceeded $40 a barrel last Friday, June 19, up over 200% from April’s historic low of -$37.63. Though it retraced some gains after that. Both major benchmarks recently closed at their highest levels since early March. This marked the seventh rally in eight weeks for…

[Shale Crisis Update] More Ugly News for U.S. Oil Companies

[Shale Crisis Update] More Ugly News for U.S. Oil Companies

Story Highlights Shale crisis continues as a major oil service company just laid off 1,000 workers. Its stock has plummeted in the last two years. Similar developments industrywide suggest an ugly future for these companies. My jaw dropped when I heard the voice coming from the cellphone last week: “Halliburton just laid off 1,000 people…

Oil and the Escalating Conflict in the Middle East

Oil and the Escalating Conflict in the Middle East

Story Highlights We just saw the latest step toward all-out war in the Middle East. And the oil price is finally reacting. Buckle up: This could be a bumpy ride. The next step toward an all-out war in the Middle East happened late Thursday. The U.S. military launched a drone strike at the Baghdad airport….

Heightened Risk to Influence Oil Prices

Heightened Risk to Influence Oil Prices

Breaking Update: Yesterday, Iran fired missiles at military bases in Iraq where U.S. soldiers and personnel were stationed. Damage is still being assessed, and U.S. President Trump is scheduled to comment this morning. The article and video below were written and recorded before those events. After an immediate spike, the price of crude oil has pared…

OPEC Is Now Obsolete: Oil Crisis Update

OPEC Is Now Obsolete: Oil Crisis Update

Story Highlights Many people think the U.S. has stopped importing oil, but we import 9 million barrels every day. Even more surprising is where most of that oil comes from. This creates an opportunity today to speculate. It might surprise you to learn that the U.S. still imports around 9 million barrels of oil per…

Oil Is Dead — Electric Vehicles Are the Future & Automakers Are Switching

Oil Is Dead — Electric Vehicles Are the Future & Automakers Are Switching

I’ve been trading financial markets for a quarter-century now. I thought I had seen it all… The dot-com boom-and-bust, the housing crash, the financial crisis, crypto mania and most recently, the coronavirus crash, which saw major indexes drop 35% in less than a month. I’ve had prime seats for each of these events, as either…

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