From the category archives:
Recall I’ve been saying we’re in the timeframe for an important low in oil? See article and my comments below. – Larry
Bullish on Oil
http://www.bloomberg.com/apps/news?pid=20601110&sid=aPwgg8LlzGbI
http://www.bloomberg.com/markets/commodities/energyprices.html
While market prices are drastically lower than their July 2008 prices, crude prices have rallied in the last week to post gains of almost 30%. The Brent spot price is currently at [...]
I’ll be appearing on a Chicago radio station today (1:40-1:47pm EST CBS Radio WBBM Noon Business Hour w/ Sherman and Chris Chicago). They want to discuss oil stocks. They sent me a list of four. Here is my analysis below — since I’ll be sharing it with the Chicago listening audience, I thought you might like [...]
My cycle work strongly suggests an important low in oil may already be at hand, or at worst, very close. Take a look at this chart, made from my cycle studies on oil. You can clearly see the dominant cycle shown on the chart indicates we may be at a major low RIGHT NOW.
I’ve been [...]
I’m busy getting ready for my trip to Vancouver and the 2009 Vancouver Resource Investment Conference this weekend. So I’ll keep this brief.
First, a chart of Agnico-Eagle Mines (AEM: 60.81 -0.90 -1.46%). This will be of interest to my Red-Hot Global Small-Caps subscribers as well as anyone who bought by “Golden Parachute for 2009″ report …
Gold [...]
I believe OPEC producers are desperate for cash. This should keep downward pressure on oil prices.
Even oil stocks couldn’t dodge the carnage in the broad market today. Oil stocks sold off a bit this morning as oil prices moved lower. But then when oil prices moved higher — buoyed by bullish inventory data – oil stocks didn’t rise with crude. Instead, they were sucked lower as the major indices [...]
I talked to Phil at HoweStreet.com yesterday on a range of topics. You can listen to that interview here: http://tinyurl.com/6oy3m8
Oil production is taking a cliff dive in Mexico. The state-run oil company, PEMEX, announced that its production fell 7.8% to 2.91 million barrels a day in the first quarter and exports dropped even more, [...]
