By Money Morning Staff, Money Morning - • Print | Email
After years of subpar performance, North American Oil Production is back.
According to a report published by the U.S. Energy Information Administration last week, U.S. oil production rose to 10.7 million barrels a day in June.
This is the latest jump in what has turned into a two-year rally for a beleaguered North American oil industry.
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - • Print | Email
The Delaware Basin in arid western Texas and southern New Mexico used to be a good deal more inviting than it is today.
In fact, around 300 million years ago, when the region was south of the Equator, the area was a lush, tropical reef teeming with Permian life, covered by the warm Delaware Sea, which was part of the ancient Panthalassa Ocean.
Nowadays, the fossilized remains of that reef are exposed in the hot desert air, and the once-aquatic landscape has given way to scrub and the national parklands of Carlsbad Caverns and the Guadalupe Mountains.
The area is also known for its vast, thick deposits of limestone…
… and shale. Virtually endless expanses of oil-rich shale – wellspring of the second American energy revolution.
And one company is in the perfect position to reap the rewards of this ancient treasure...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI - • Print | Email
The two major global crude oil benchmarks – West Texas Intermediate and Brent – both saw solid gains this week.
By Dustin Parrett, Associate Editor, Money Morning - • Print | Email
One analyst is predicting oil prices could skyrocket to $400 a barrel by 2020.
The only thing more surprising than the price target is the reason why.
And this trigger will almost certainly drive up the price of oil...
By Money Morning Staff Reports, Money Morning - • Print | Email
Contrarian investing is the art and science of buying when everybody else is convinced a stock can only move lower.
But it's not just about zigging when someone else is zagging – it's about buying when almost everybody is selling.
With that in mind, we're recommending a big oil stock that's the perfect contrarian play today…
Contrarians look for the maximum pessimism in the market, either for an individual stock or the market as a whole.
And this stock has incredible profit potential...
By Money Morning News Team, Money Morning - • Print | Email
One of the best oil stocks to buy right now is currently priced as a steal, and it could make you a bundle of money as oil prices climb over the summer.
By Money Morning News Team, Money Morning - • Print | Email
As oil markets continue to recover from the 2014 oil supply glut, we've identified the best oil stock to buy in order to profit from rising oil prices.
Since hitting a low in February 2016, West Texas Intermediate crude oil (WTI) has risen 133%, recently closing above $70 for the first time since 2014.
By Dustin Parrett, Associate Editor, Money Morning - • Print | Email
You already know the oil market is in the middle of a historic rebound, but you might not know you can turn this rally into triple-digit profits by the end of summer…
The Brent-WTI crude oil spread has surged to its highest point since May 2015.
That’s a sign the WTI rally is far from over, and it’s creating a money-doubling opportunity...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - • Print | Email
As the largest U.S. oil company, Exxon Mobil is seen as a stable behemoth in an unstable sector.
That's why investors are wondering if Exxon Mobil stock is worth owning going into 2018.
We think you should avoid XOM stock for one critical reason...
By Stephen Mack, Associate Editor, Money Morning - • Print | Email
Low oil prices and cheap gasoline are a shot in the arm for American consumers. But will they spend the money they save?
Also, what's next for Uber after Travis Kalanick has resigned as CEO? Keith Fitz-Gerald weighs in.
