They called the Permian Basin the mother of all busts and buried it three decades ago - but they couldn't have been more wrong. Today, 27% of all of the oil rigs in the United States are currently operating in the Permian Basin.
The best oil stocks to buy to play the Permian are the smaller companies that exclusively or primarily depend on the Permian for their profits - like these four...
Chesapeake Energy (NYSE: CHK) Stock Flat on Earnings; This Is CHK's Most Important Figure
Chesapeake Energy Corp. (NYSE: CHK) stock closed up nearly 0.5%, despite the fact that the company reported a net income loss of 67% compared to the previous year.
CHK reported Q2 net income of $0.22 per share, which was down from $0.66 per share in the same quarter last year. Excluding one-time items, earnings per share (EPS) was $0.36. That was down from the $0.44 per share analysts polled by Bloomberg had anticipated.While the net income figures were down drastically, much of the other figures from the earnings report were quite positive. Especially this one…
Crude Oil Prices Could Hit $200 “In a Heartbeat”
WTI crude oil prices settled back down below $100 per barrel this week, but according to Money Morning's Global Energy Strategist Dr. Kent Moors, oil prices may not stay that low for very long.In fact, he sees a potential scenario where crude oil prices double from where they are right now…
Crude Oil Prices Down Today, but Will Stay Inflated on International Tensions
WTI crude oil prices for September delivery were down $1 today (Tuesday) to $100.67 per barrel, while Brent crude dropped $0.17 to $107.39 per barrel, despite the fact that geopolitical tensions in the Middle East and Russia remain.
Oil prices hit two-week highs last week as tensions in the Ukraine and the Middle East intensified.While WTI crude oil prices are down from their 52-week high $106.64 from June (as the Iraq crisis escalated) the humanitarian and political crises taking place throughout the Middle East and Russia will continue to have an impact on oil prices moving forward…
Geopolitical Tensions Will Keep Driving Crude Oil Prices
A bevy of geopolitical issues sent WTI (West Texas Intermediate) crude oil prices higher late Thursday, with prices peaking at $103.94 per barrel for August delivery just before 7:00 p.m. Today, crude oil prices have settled back down below $103 per barrel this morning.
Crude oil prices may be back down today, but they're still up nearly 15% from their $89.74 low in January.According to Money Morning’s Global Energy Strategist Dr. Kent Moors, here’s where they’re headed now…
The Bakken Shale's Massive Production Growth Will Boost These Major Players
The Bakken Shale formation of North Dakota and Montana was back in focus for investors earlier this week when Whiting Petroleum Corp. (NYSE: WLL) announced plans to purchase Kodiak Oil & Gas Corp. (NYSE: KOG).
Through the deal, WLL will pay $3.8 billion in stock and $2.2 billion in debt. The combined company produced over 107,000 barrels of oil equivalent in the first quarter of 2014.
But WLL isn't the only company profiting from the Bakken Shale.This area is experiencing massive production growth, and all of these companies are riding its momentum...
Profit from High Crude Oil Prices with These Secure, Under-the-Radar Stocks
WTI crude oil prices for delivery in August were down slightly yesterday (Tuesday) to $103.43 a barrel, which was a $0.10 drop from Monday. And while crude oil prices are down from 52-week highs, they're still at inflated levels because of the crisis in Iraq.
But that doesn’t mean investors can’t profit. Money Morning’s Dr. Kent Moors has found oil stocks to buy now that are profiting from foreign turmoil.In fact, the longer prices stay high, the better they will do…
The U.S. Oil Export Ban Is a Windfall for These Companies
After more than four decades, it looks like America is getting back into the oil export business again.
For the first time since the 1970s, Washington has opened the door to sending more U.S. crude abroad.
Of course, the United States has been exporting oil products for some time now.
In fact, America is now the largest exporter of products like gasoline, low-sulfur heating oil, and diesel fuel in the world.
But until now, companies were hamstrung when it came to the raw material itself.
Of course, there have been a few exceptions. Very heavy California crude, which has to be sold at a deep discount and for which there is not a ready domestic market, has received some permissions to export. In addition, a few tolling programs - where the raw material is exported out and finished products are imported back in - have been allowed.
But for the lion's share of what is pumped out of the ground at American fields, the domestic market has long been the only option.
This change in policy promises to open up new opportunities for investors... Full StoryRead More...
How to Make Money from America's Oil Boom
Energy investing update: The amount of oil produced in the U.S. has skyrocketed more than 50% over the last six years.
Now small towns all across America are filling with a new breed of millionaires who have learned how to make money from this boom. But it isn't the major oil companies leading the way. According to a new report, the fastest-growing oil companies in America are the smaller outfits.And these oil stocks are rising as quickly as their reputations...
What's Ahead for Oil Stocks and ETFs as Iraq Turmoil Continues
Oil stocks and oil exchange-traded funds (ETFs) are getting more attention as oil futures close out their biggest weekly gain of the year.
Oil prices rallied for a third consecutive day Friday as Sunni militants continued their advance toward Baghdad, stoking fears that Iraq is headed for civil war and its abundant oil exports could be in jeopardy.While oil prices will rise, not all stocks will follow. Here's the deal...
Crude Oil Prices Today Soar on Iraq and OPEC
Crude oil prices spiked $2.13 to $106.53 Thursday morning, putting the commodity at levels not seen since September 2013.
Brent crude, meanwhile, rose as much as 2.2% to $112.34Here's the major news moving these prices higher today – and for continuing weeks...
Iran's "Oil Show" Just Revealed a Huge Opportunity
Let's face it: Iran isn't at the top of anyone's list when considering all the profit opportunities out there in the world. At least, not yet...
You see, Iran is changing - and quickly.
Its new political regime at least appears to be increasingly open to the West.
Its old-style buyback contracts with international oil companies have long been considered high-risk with little or no flexibility; they essentially allowed Iran to own the oil company assets and allow the company a stream of profit.
But the isolated nation recently announced the introduction of a new generation of oil contract, one that promises to be considerably friendlier to foreign partners.Full Story...
We Struck Oil… Lots of Oil
In December 2013, I let our readers in on a way to invest directly in a new oil and gas drilling venture.
In the time since, I've been spending a great deal of time at the drilling site in South Texas, keeping an eye on the progress.Now, there's news to report. Great news... It's a gusher!
How to Profit When Oil and Gas Stocks Hit the Bargain Rack
Over the past week, oil and gas stocks have been quite volatile. But that's not bad news - not by a long shot.
In fact, this is always the time when energy investors should be on the hunt for bargains.And there's one approach that works especially well in this situation...
Three Stocks to Buy Now to Profit from this “Untapped” Energy Market
When Mexican President Enrique Peña Nieto was sworn into office at the end of 2012, one of his major initiatives was to reform the country's energy sector as a whole.
And that's had investors searching for the best energy stocks to buy to profit from Mexico's energy reform.After 76 years, the government is reworking the national constitution and creating a slew of new laws. And these three companies could see huge profit opportunities…
Why the Oil Price "Spread" Is Getting Tighter
The oil price spread between West Texas Intermediate and Brent is tightening again.
As of this morning, this spread stood at 7.2% of the WTI rate (the more accurate way to register its impact in the U.S. market).
And as this oil price spread continues to narrow, it promises to create some direct consequences for energy investors.Here's what's behind it, and what investors need to know moving forward...