Oil Prices

Northern Oil and Gas Inc. (NYSE: NOG) Is Our "Unloved" Stock Pick of the Week

Northern Oil and Gas stock

Money Morning's "unloved" pick of the week is oil and gas explorer and producer Northern Oil and Gas Inc. (NYSE: NOG).

An unloved investment is one that's been beaten down - but is actually a great value. Investors then get an amazing entry point into a good long-term investment.

With the recent plunge in oil prices, Money Morning Chief Investment Strategist Keith Fitz-Gerald has been on the lookout for beaten-down bargains. And he believes NOG stock fits the bill.

A closer look at Northern Oil and Gas stock shows why it's tremendously oversold...

The Early Read on 2015 Markets

stocks to buy

For the first time since 2008, stocks traded down on the last trading day of the year and the first trading day of the New Year.

Whether this will prove to be a mere statistical curiosity or a harbinger of troubles ahead remains to be seen, but there are enough headwinds facing investors to force them to don foul weather gear for the year ahead.

Markets are likely to see heavy seas in 2015 as the Fed starts raising interest rates and oil prices stay lower for longer than anybody expects... 

Crude Oil Price Charts Compare 2014 to 2008

crude oil price chart

Oil hit its lowest point in more than five years this week, continuing 2014's huge drop. This WTI crude oil price chart and Brent oil chart show how large the oil crash of 2014 has been.

In June, WTI oil futures traded as high as $101.33 per barrel. This week they touched $52.51.
That's a drop of 48.2% in just six months.

Here's how that compared to another historic crash in oil prices...

Oil Prices in 2015 Will Rebound From Recent Lows – New Report

oil prices in 2015

According to our new forecast, the worst of the oil price crash is likely over. Oil prices in 2015 will rebound from the five-year lows hit this year.

This rise will bring with it a new wave of profit opportunities...

Here are the catalysts driving this rebound - plus two stock picks...

Stock Market Futures Down on Falling Oil and Greek Political Turmoil

Stock market futures

Stock market futures today are down 15 points, falling on Greek political turmoil and a continued decline in oil prices.

Among the top stories in the market today are new numbers from the holiday season, including optimistic news on Apple devices and shipping delivery estimates from two industry giants.

Here's what else will be moving markets today (Tuesday)...

Oil Prices Today Hit New Low, Remain Extremely Volatile

oil prices today

Oil prices today (Monday) dropped to new yearly lows after spending much of the morning on the rise.

At 1:00 pm EST, WTI oil fell more than 3% to $52.90 per barrel for February delivery. Brent oil was down 2.8% to $57.79 in afternoon trading.

Here's why crude oil prices are so volatile today and what investors can expect now...

The Damage Caused By the Oil Bear Will Spread Far and Wide

crude oil prices

Oil prices continued to fall this week but stock markets shrugged off the disarray this continued to cause in global markets after Janet Yellen whispered soothing words in their ears after the Fed's last meeting of the year on Wednesday. Mrs. Yellen has become a "bull whisperer" - fearful of upsetting the equity market, she cloaks her words in indirection and equivocation in an effort to keep them calm as she prays for an economic lift-off that will take her institution off the hook.

Unfortunately, her patient is likely to be very disappointed, for it would take an economic miracle the likes of which hasn't been seen in this country since the years after the Second World War to deal with the mountain of existing debt and future liabilities that are going to bury us.

Full Story

Oil Prices: Black Swan or the Work of Vultures?

oil prices

Over the past few of days, three separate prognosticators have claimed the fall in oil prices is a "black swan" event - in other words, an outlier, a development that fails to follow any normal pattern.

This isn't a black swan, but calling it one may be a good way of clouding up what really is happening.

In this case, there's another motive at work - and the black swan becomes a convenient cover...

Tesla Stock Price Falls – and Oil Prices Aren't the Big Problem

tesla stock price

The Tesla stock price opened at $212.38 today (Thursday), meaning the stock has fallen 27.1% since the all-time it hit in September.

TSLA stock's dip has coincided with the plummet in crude oil prices. At this week's five-year low of $53.60 a barrel, WTI crude oil is now down 47.7% in the last six months. Brent oil trades just above $61 a barrel today. The global benchmark priced over $110 a barrel this summer.

And while falling oil prices are being blamed for TSLA's drop, there's another more important reason the stock is down...

Energy News Today Focused on Tense U.S.-China Solar Dispute

Solar Energy 2015

Energy news broke yesterday (Tuesday) when the U.S. Commerce Department imposed steep tariffs on solar panels imported from China and Taiwan.

Money Morning's Global Energy Strategist Dr. Kent Moors made one of his regular appearances on CCTV last night and told viewers what to expect as tensions mount between the two nations.

He also discussed the current state of solar power in the United States, as well as the evolving relationship between solar energy and crude oil prices. Take a look...

Crude Oil Prices and the Coming of the Second Arab Spring

arab egypt crowd

During the first Arab Spring, some countries were able to avoid the unrest by buying off their populations with goodies. But today in those countries, unemployment is increasing and alternatives to centrally subsidized survival are disappearing.

That's because this untenable balance has been sustained by the price of oil. As long as oil flowed, net outflows from the national coffers could be sustained.

Falling crude oil prices mean that balance is ending - and the prospect of renewed violence is making a big comeback.

Oil Price Forecast 2015 Brings One of the Best Opportunities in Years

oil price forecast 2015 graphed

Oil Price Forecast 2015: After hovering around $110/barrel for the first eight months of the year, oil prices have tumbled by 45% into the $60 to $65/barrel range.

In fact, in mid-December, oil prices dipped as low as $56 a barrel, a level not seen since May 2009 during the worst of the "Great Recession."

But according to the 2015 oil price forecast by Money Morning Global Energy Strategist Dr. Kent Moors, the worst of the price crash is likely over.

"Oil," Dr. Moors says, "is very near a bottom."

Now here's how investors can profit...

OPEC News: Collapse of the Cartel Is Near

opec news

There's more OPEC news today after the 12-nation oil cartel announced again that it will not be cutting production in the face of falling oil prices.

According to Money Morning's Global Energy Strategist Dr. Kent Moors, these actions will spell the end of the cartel. You see, OPEC is fighting a battle it simply can't win.

Here are the three major reasons we're about to see the end of OPEC...

The Rushing Bear Market and How to Prepare

bear-trap

Oil prices plunged to their lowest prices in five years last week after the International Energy Agency (IEA) downgraded its forecast for global oil demand for the fifth time in six months.

The IEA report told markets that global growth will remain weak in 2015, triggering an across-the-board sell-off in stocks and junk bonds on Friday that left the major indices with some of their worst percentage losses in three years.

Unfortunately, stocks are still trading within a few percentage points of record highs reached only a week ago and remain severely overvalued in the context of seriously deteriorating economic fundamentals.

Investors that were complacently expecting stocks to melt up to "Dow 18,000" and "S&P 2,100" by year-end are now facing a the much grimmer reality of a correction and even the potential of a bear market in 2015.

Low Oil Prices: Setting the Stage for the Next Big Move

low oil prices

While public attention remains fixed on OPEC, crude pricing, and the impact on American tight and shale oil production, I've been focused on the next stage.

The one where the guys with the big bucks make the even bigger bucks.

It's the "next financing sequence," and it will unfold based on three interlocking developments...

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