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Oil Prices

Canada's New Shale Oil Field Could Rival the Bakken

Shale Oil Field

Canada's energy industry may be most famous for its world-class oil sands resources. But a new shale oil field could surpass the oil sands as Canada's largest untapped oil reserve.

In fact, it could even rival the massive Bakken shale of North Dakota in terms of recoverable oil.

This area lies north of British Columbia and east of the Yukon. It's the Northwest Territories.

Recent data from Canada's National Energy Board (NEB) and the Northwest Territories Geological Survey shows that this area holds as much as 200 billion barrels of shale oil reserves. That compares to U.S. Geological Survey estimates that the Bakken shale formation will yield up to 7.4 billion barrels.

Not all of this Canadian oil is necessarily recoverable. But the Canol and Bluefish shales contain a total approaching 7 billion barrels of economically viable resources.

Here's a look at the vast potential of Canada's Northwest Territories...

Crude Oil ETF Investing Tips

crude oil etf

Thanks to expiring oil rigs and lower supply, oil prices are heading toward $73 by mid-summer.

That means it's time to consider crude oil ETF investing if you want get in on the profits from the price rebound.

Here's everything you need to know about crude oil ETFs...

The Next Iraqi Threat to the Oil Sector… It's Not What You're Expecting

oil sector

If you still doubt that geopolitical heat can rattle the oil sector, then we strongly advise you to carefully watch the events that are about to play out.

Because matters are getting worse: U.S. Secretary of Defense Ashton Carter called out the Iraqi military - during a high-profile TV interview no less - claiming it lacks the will to fight.

In turn, the main Iranian general condemned the U.S. for not acting to halt ISIS' advance soon enough. Here's how all of this will have a huge impact on crude oil stability and global prices...

Make a Killing on the Coming Energy "Debt Bubble"

energy debt

Following some nice recent gains and despite a dip on Tuesday, the market currently remains at just below $60 a barrel for West Texas Intermediate (WTI) crude oil futures in New York.

The recent rise in prices would seem to be just what the smaller operators in the United States need to avoid a sector meltdown.

A few months back, when prices were pushing lows of $40 a barrel, there was widespread talk of a wave of bankruptcies coming in the oil patch. The picture is now better, given a recovery in crude prices.

But there is another shoe about to fall in the ongoing fight by smaller companies to survive...

Why the Crude Oil Price Today Is Down 2.1%

crude oil price today

The crude oil price today (Friday) dropped below $60 in morning trading. The tumble erased most of Thursday’s gains and put oil prices on track for a weekly loss.

But today’s movement is just short-term volatility.

Here’s the biggest reason why prices will be in the $70 range by year’s end…

How Much Oil Does the U.S. Have Compared to Other Countries?

how much oil does the US have

If one number summarizes the global oil market, it’s 93,002,710.

That’s how much oil was produced around the world every day in 2014. But how much oil does the U.S. have compared to the world’s top producers?

This chart shows how much the top 15 oil-producing countries generated in 2014…

Dow Jones Futures Gain 14 Points Ahead of Yellen Speech

Dow Jones futures

Good morning! For Friday, May 22, Dow Jones futures forecasted a 14-point gain ahead of Federal Reserve Chair Janet Yellen's speech at 1 p.m. this afternoon. Although both the Dow Jones and the S&P are hovering near record levels, investors can expect lower volumes today as the Memorial Day holiday approaches and the quarterly earnings season ends.

Here are today's top market news, earnings reports, pre-market movers, and stocks to watch in the stock market today...

LL Stock Plunges 17%, Today's Biggest Pre-Market Mover

LL stock

Good morning! For Thursday, May 21, U.S. stock futures forecasted a 17-point decline from yesterday's close. This morning, U.S. jobless claims remained at a near 15-year low. Claims registered at roughly 274,000, a little higher than economist expectations of 271,000.

Lumber Liquidators stock (NYSE: LL) is today's biggest pre-market mover. Here's why LL stock is crashing, plus all of today's biggest stock market news...

5 Oil Conspiracy Theories That Seem Alarmingly Plausible

oil conspiracy theories

Here are five alarmingly plausible oil conspiracy theories that will have you convinced there's a war-for-oil going on.

In fact, one Wall Street Journal reporter knew so much that he mysteriously disappeared one morning, only to turn up dead a year later.

So have a read and tell us what you think...

This Crude Oil Price Chart Shows Where Futures Will Go in 2015

crude oil price chart

Oil prices have had a tumultuous week - but the volatility is only short term.

As this crude oil price chart shows, all major banks see prices rebounding. Some see oil surging to the mid-$70 range by Q4.

Here's where Morgan Stanley, Commerzbank, and others see WTI prices by the end of the year...

Pre-Market Movers LOCO, GMCR Falling Fast Early Friday

pre-market movers

Good morning! For May 14, 2015, U.S. stock futures forecasted a 30-point increase from Thursday's close as continued weakness in the dollar squeezes out even more from the markets' bull run.

The S&P 500 soared to a new high on Thursday and the DJIA Index rose 191 points on news that weekly jobless claims remained near a 15-year-low. A falling U.S. dollar fueled optimism about the possibility of stronger international sales for domestic-based companies.

Here are your stock futures, top market news, earnings reports, and pre-market movers to watch in the stock market today...

GOOG, WMT, BABA Top Stocks to Watch Today as Futures Gain 110 Points

stock market today

Good morning! U.S. stock futures for Thursday, May 15, forecasted a 110-point increase from Wednesday's close.

Companies reporting quarterly earnings include Teekay Corp. (NYSE: TK), Symantec Corp. (Nasdaq: SYMC), Nordstrom Inc. (NYSE: JWN), Kohl's Corp. (NYSE: KSS), El Pollo Loco Holdings Inc. (Nasdaq: LOCO), and SINA Corp. (Nasdaq: SINA). Investors will also tune into weekly jobless claims and an update on the Producer Price Index (PPI).

Here are your pre-market movers, top market news, and the biggest stocks to watch today...

Why There’s Been So Much Uncertainty About Oil Prices This Week

OEI crude oil

The recent move in oil prices prompted the talking heads on TV to warn us the market is oversupplied, thereby driving prices down.

But now they will need to switch gears and “explain” why they are moving up.

Here's the real key to this week's oil uncertainty...

Debunking the Newest Oil Price Myth

oil price

We've seen massive shifts in crude oil prices in recent weeks.

Of course, this has brought back some rather specious arguments by talking heads on TV and pundits spinning the next Armageddon scenario.

The latest is about how rising oil prices will prompt more volume to come online from a particular type of well (called DUCs), sending oil into another tailspin.

I'll deal with that in a minute but first let's address those pundits...

The Two Best Oil Stocks to Buy Now

oil stocks to buy now

Oil prices have fallen 35% in the last year - but there are still great oil stocks to buy now.

In fact, Money Morning Chief Investment Strategist Keith Fitz-Gerald recommends two that are set to surge from growing demand.

Here's why these two picks are going to profit from "chaos in the energy sector"...

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