- Oil Stocks: This Disconnect Spells Even Bigger Profits Hardly anybody is talking about this. The world's two oil benchmarks are moving in opposite directions. The price of crude in New York is going south, while the price in London is heading north. It's a rare disconnect that can lead directly to profits - You need to make your move before everyone else realizes what's happening...
- How to Play Oil Prices Today Read More...
- Best Investments in Energy: It's a Race for Profits in the Utica Shale Not all of the U.S. shale gas and oil boom is happening in the West and in the Southwest. The Utica, which runs from Canada to West Virginia, will pump plenty of profits back East. In a mad scramble for profits, two key players are gobbling up land there as fast as they possibly can... Read more... Read More...
- There's Only One Thing About Syria That Matters to Americans As the world sits on a knife's edge waiting to see whether the United States takes military action against Syria, Money Morning Capital Wave Strategist Shah Gilani explains that this crisis merely exposes a problem that hits much closer to home... Read more... Read More...
What's Behind July's 9% Rise in Crude Oil Prices
U.S. crude oil prices finished the month of July on a very positive note. Front-month futures ended July at just above $105 a barrel.
That put those futures up about 9% for July, the largest one-month gain for crude oil in 11 months.Read More...
Another Shoe Has Dropped… and It's a Big One
I wasn't more than 30 minutes outside of D.C. the other night before my cell phone started ringing.
The calls involved breaking new developments overseas that promise to have a big impact on the global energy markets. They concerned a major global energy situation that is likely to create a domino effect that will have consequences for U.S. domestic policy.To continue reading, please click here...
The Next Best Investments in Oil Come From This Texas Sweet Spot
As I wrote up this analysis of the best investments in oil, a familiar saying came to mind: "Everything old is new again."
A truer statement could not be said about the Permian Basin, which is a geological formation roughly 300 miles long and 250 miles across that stretches across west Texas and eastern New Mexico.To continue reading, please click here...
- How to Hedge Oil Prices in Volatile Markets The prospects are very good for the oil prices. But the markets promise to be volatile. Here's the best way to build an "oil insurance plan." Read more... Read More...
Frack or Fail: Is It Time For California's Liberals to Go?
California is in a LOT of trouble financially. Cities are going under and the state can't balance its budget. It also has almost half a trillion in state pensions to fund and revenue is drying up.
But there is one way out: Tap the largest oil and gas play in the Lower 48.
The question is, whether this left leaning state crowded with special interests like the Sierra Club will actually let oil services companies begin to start fracking on state land.
In our inaugural Money Morning Fight Club brawl, Frank Marchant and Garrett Baldwin square off on this contentious issue. The best part is we are asking you to turn in your scorecard and pick the winner at the end.
So let's get ready to rumble...
- Buy, Sell or Hold: Strong Oil Prices Make Apache Corp. a Good Bet Apache Corp. (NYSE: APA) is not your average oil company. Even with oil prices still comfortably in the $90.00 range, Apache shares recently fell below their 52-week lows. In fact, since April 2011 Apache shares are down by 44%. But with a strong balance sheet and healthy sales forecasts, this company is doing all the right things. Read More...
Australia Shale Oil Discovery Continues the Country's "Lucky" Streak
Investors are well aware of the shale oil revolution in the United States. But the "revolution" does not end here; it is spreading globally to countries as diverse as China and Poland.
There is one country in particular though that may experience circumstances similar to the United States, if not greater.
I'm talking about Australia, which has often been called "The Lucky Country." That description was first penned in 1964 by Donald Horne and he actually meant it negatively at the time.
But in recent decades, the term has been given a positive spin thanks to Australia's abundance of natural resources and its geographical location near the world's biggest consumer of commodities - China.
And Australia may have struck luck again thanks to the recent announcement of a massive shale oil discovery.Read More...
How China and Saudi Arabia Mean You Should Bet on Higher Oil Prices
As Money Morning Global Energy Strategist Dr. Kent Moors pointed out not long ago, the sky is not falling on oil prices despite what the doomsayers believe.
There are two crucial countries that are behind the recent rise in oil prices: China and Saudi Arabia.
And if these two nations keep on their current path, it will mean one thing...
Even higher oil prices in 2013. Here's why.Read More...
- Buy Signal: Top Hedge Funds Are Moving Into Energy There is an easy way to find out where the market thinks a particular sector is heading: Check out the movement of futures contracts held by top hedge fund managers. These days, the signal is clear and pointing in one direction. Check this out. Read More...
Why Oil Prices Could Soar 40% by Summer
Oil prices have continued their upward move that began at the end of 2012, gaining over 8% in the past month.
Now, an oil analyst with Goldman Sachs Group Inc. (NYSE: GS) predicts Brent crude could soar much higher in the next few months.
Jeff Currie, GS's head of commodity research, said he wouldn't be surprised "if we woke up in summer and oil cost $150" per barrel.
That would be a 35% gain from Brent's recent price of $111.
Using the narrowing spread between the Brent price and that of West Texas Intermediate (WTI), at $95, Currie's forecast implies a 40% increase in WTI prices.
And there are many reasons oil could hit those highs by summer, or even sooner.Read More...
Play the Bakken Oil Boom Like Buffett
Many investors have heard of the Bakken oil field in North Dakota and Montana, but most are unaware of how important this formation is becoming to the U.S. economy.
More germane to investors is the fact that there is still a lot of money to be made from Bakken oil in the months and years ahead.
Just ask Warren Buffett.
He spotted the potential of Bakken oil well ahead of most and bought a non-energy company that would benefit greatly from the boom. Three years ago he bought Burlington Northern Santa Fe (BNSF) Railway Co. for $26 billion.
That railroad is now one of the main beneficiaries of the Bakken oil boom. (And people thought he just had always wanted to own a train set!)
"We're the 1,000-pound gorilla in the oil markets," BNSF CEO Matt Rose told Bloomberg News. "Crude by rail is going to be really strong for us. It's been a real benefit to us to replace some of that lost coal business."
The Bakken oil formation isn't just an investing opportunity; it's transforming the U.S. energy landscape.Read More...