Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

You Just Pocketed 89% From Our Recent Inflation Warning

We’ve been telling you folks for months that the pesky surge in prices we know as “inflation” has been showing up in different spots within the U.S. economy.

In early April, Shah Gilani – editor of our Capital Wave Forecast and Short Side Fortunes advisory services – told us that food prices were spiking. And he even re-recommended an “old friend”.

Folks who acted on that advice have pocketed a 27% gain in less than four months…

  • Featured Story

    After Nexen's Buyout, How Should You Play Canadian Oil Sands Stocks?

    Energy oil dollar small

    The purchase of Calgary-based energy company Nexen Inc. (NYSE: NXY) for $15.1 billion by China's CNOOC Ltd. (NYSE ADR: CEO) is the largest overseas purchase ever by the world's second-biggest economic power.

    But it will likely be the last time China, or any other country, takes a big chunk out of Canada's oil sands - the world's third-largest proven reserves of crude oil.

    That's because after Canadian Prime Minister Stephen Harper approved the Nexen deal in December, he banned further foreign firms' investment in Canada's oil sands and will allow them only under "exceptional" circumstances.

    "The government's concern and discomfort for some time has been that very quickly, a series of large-scale controlling transactions by foreign state-owned companies could rapidly transform this [oil sands] industry from one that is essentially a free market to one that is effectively under control of a foreign government," Harper said in December.

    "Foreign state control of oil sands development has reached the point at which further such foreign state control would not be of net benefit to Canada," he added.

    But foreign government control isn't the real problem facing Canadian oil sands companies.

    To continue reading, please click here...


    Read More...
  • canadian oil sands stocks

  • The Keystone Delay Won't Stop These Canadian Oil Sands Stocks I'm not a knee-jerk hater of the Obama administration.

    But the President's decision to reject the Keystone pipeline was one of his worst.

    Aside from creating jobs, the pipeline would have decisively swung U.S. energy supplies more toward domestic sources and those of our friendly neighbor Canada.

    To continue reading, please click here...

    Read More...
  • Oil Companies Pumping Profits as Crude Continues to Climb Despite political fallout from the Gulf oil spill, drilling and oil services companies made big waves in the waning months of 2010. And they're likely to carry that success through 2011 as higher oil prices and political gridlock keep the profits pumping.

    Baker Hughes Inc. (NYSE: BHI), Halliburton Co. (NYSE: HAL), Helmerich & Payne Inc. (NYSE: HP), and Occidental Petroleum Corp. (NYSE: OXY) are among the oil companies that produced outstanding results in the final three months of 2010.

    Occidental, the largest onshore crude producer in the continental United States, reported a 29% increase in fourth-quarter profit. Net income climbed to $1.2 billion, or $1.49 a share, from $938 million, or $1.15 a share a year earlier.

    Read More...