There have been several reports in the media about Saudi Arabian Oil Co. (Saudi Aramco), Saudi Arabia’s national oil company, spinning out a portion of its business. One of these articles quoted an analyst that pegged the valuation of the “company’s” total assets at US$10 trillion. While I agree that there is value here, that… Continue Reading

“Midstream” oil stocks are this attractive about once every decade, says Rick Rule, Chairman of Sprott US Holdings. In a recent round-table with Byron King (Agora Financial) and Matt Badiali (Stansberry & Associates), Rick explained why he’s looking at one segment of the oil sector. You can listen to his full comments here (registration required):… Continue Reading

By Nathan Weiss and Keith Schaefer Where is all the oil coming from?   Oil inventories continue to surge, but U.S. production has flatlined for weeks—even months. I mean really—look at these simple facts that have been staring the Market in the face for months: Year-to-date (YTD) production in 2015 in the U.S. is only 160,000… Continue Reading

Jim Prentice, Premier of Alberta will be making a provincial address live tonight on CTV to discuss Alberta’s financial budget just two days ahead of when the budget will be released. Provincial revenues have been hit hard with the decline in oil from over $100 in June to the current price of ~$47 per barrel. It is estimated… Continue Reading