Since oil really started crashing, the media can only talk negatively about oil. These are the same talking heads who had no clue about the impending 50% plunge in prices. Why do we listen to them—instead of paying attention to facts? Here is one fact….US gasoline and oil demand is surging. That may surprise you,… Continue Reading

Via Energy and Gold.com: There are some constructive signs mounting in crude oil: Demand has clearly picked up in the US as drivers enjoy sub-$2 gasoline prices in many parts of the country Sentiment on crude oil is the worst its been in a very long time, by many gauges it is worse than it… Continue Reading

There’s a race going on in the oilpatch now to the bitter end—the end of the year. And it’s not being driven by economics.  It’s being driven by the REAL currency in the oilpatch: Reputation. The energy market is cyclical and all the veteran producers and bankers of the oilpatch know this. Each senior management… Continue Reading

The massive decline in the price of crude oil turns out to be a significant net positive for multinational miners. Not only are the lower oil costs are a huge positive on the costs side, but the resulting currency moves (big drops in AUD/USD and CAD/USD) also turn out to benefit miners whose revenue comes… Continue Reading

It seems like everyone’s got an opinion on oil these days. Some people think oil is heading to $40 while others are of the opinion that the sell-off has been too harsh and prices should rebound rapidly. Sorry to disappoint but I don’t fall into either camp. Here are my thoughts on crude oil in… Continue Reading

We have various contacts at major cruise lines and commodities trading desks. Most of the airlines and cruise lines are now fully hedged on their fuel costs through the end of 2016. Even Carnival Cruise Lines, which previously prided itself on not hedging much of its fuel costs, has taken advantage of the decline in… Continue Reading

Here's today's insane move in oil. pic.twitter.com/U2UCxyuae5 — Joseph Weisenthal (@TheStalwart) November 28, 2014 As an especially concentrated natural resources investor, the recent 30+% drop in oil prices has caused a huge hit in my paper wealth. Fortunately, if I manage my expenses I can survive a nuclear winter in oil. Still, it’s been an… Continue Reading

In a shocking move, the world’s largest producer of thermal coal, Glencore (GLEN.LON), announced yesterday that it will shut down its Australian coal operations for three weeks starting in mid-December. An estimated 5 million tonnes of output (roughly 6% of Glencore’s annual Australian coal output) will be cut from the markets as a result. Seaborne thermal-coal prices remain at… Continue Reading

The massive Republican sweep in the US midterm elections has opened the door for the Keystone XL Pipeline bill to finally be approved by Congress and signed by the President. There is even a possibility that Senate Democrats will push the Keystone Pipeline bill through before Christmas in order to help out Louisiana Senator Mary Landrieu… Continue Reading

The second largest IPO in the Canadian energy space this year was completed this week by Seven Generations Energy (TSX: VII). This IPO proves investors still have a strong appetite for energy stocks, even with energy prices sliding recently.  $51.75 million shares were issued at $18 per share, raising a total of $932 million for… Continue Reading

Amid the doom and gloom of the resource markets, two small cap focused boutique investment firms have decided to combine their shops in an attempt to gain size and weather the storm. This morning, Toronto-based Mackie Research announced it would be acquiring the oil and gas boutique, Jennings Capital. Jennings was founded in Calgary by Rob… Continue Reading

“We are contrarian, value-oriented investors in private equity, credit and real estate,” is what Apollo Global says on its website.  The firm which was founded by Leon Black in 1990 out of the ashes of investment bank Drexel Burnham Lambert is a pioneer in the private equity space.  Today it manages over $150 billion globally… Continue Reading

John Alfred Paulson is an American hedge fund manager and billionaire who heads Paulson & Co, a New York-based firm he founded 20 years ago.   He manages nearly $25 billion in assets for global clients. In 2007 Paulson made his name and a large part of his personal fortune (now estimated at $13.5 billion) betting big… Continue Reading

A compelling piece of research from Goldman Sachs is being passed around the street this morning. It makes the case for $75 crude oil for the next 12+ months.  Here are the key points: The 2015 global oil market will be significantly oversupplied unless US shale production growth slows, which will only happen if prices… Continue Reading

October has been a bad month for natural gas and there might be more to come. The breakdown from the 10-week descending triangle indicates a downside target of at least $3.40: Click to enlarge Large natural gas storage builds also present a significant headwind for the market – from Morgan Stanley: December has been the worst… Continue Reading