Category: Oil and Gas
217 Posts
POSTED ON January 22, 2016 BY CEO Technician

Via Energy and A large institutional trader decided today was a good time to put on a large and slightly complex options trade in the XLE (Energy Select Sector ETF ). This options trade which is called a risk reversal involved buying 30,000 June $61.50 strike XLE call options for a debit of roughly… Continue Reading

POSTED ON December 12, 2015 BY CEO Technician

Via Energy & The Federal Reserve finds itself in a tricky situation heading into Wednesday’s FOMC announcement. There has been a considerable build-up over the past several weeks (primarily from strong employment reports) which has led to the market anticipating a 25 basis point hike the Fed Funds Rate. However, the shakeout in the… Continue Reading

POSTED ON November 24, 2015 BY CEO Technician

Via Energy and With all the messiness that’s occurring in Syria it’s surprising that something worse (from a geopolitical standpoint) than this morning’s shootdown of a Russian fighter jet by Turkey hasn’t already happened. Here’s a cute graphic from Citi that hopes to explain what is a very murky situation in Syria:   Crude… Continue Reading

POSTED ON November 19, 2015 BY James Kwantes

Newsletter writer Keith Schaefer of the acclaimed Oil and Gas Investments Bulletin stopped by this morning at CEO Chat, the investment conference in your pocket. And the questions – and Keith’s answers – came fast and furious: upstream, downstream and everything in between. Keith is offering CEO.CA subscribers a one-month test drive of his solid newsletter… Continue Reading

POSTED ON November 11, 2015 BY CEO Technician

Via Energy and Noted market technician and fund manager J.C. Parets is a long time friend of CEO.CA and We had the pleasure of sitting down with J.C. and picking his chart filled brain as to what he’s seeing right now across global markets and asset classes. As is his style, J.C. did… Continue Reading

POSTED ON October 27, 2015 BY James Kwantes

Michael Berry of Disruptive Discoveries Journal is out with a good slide deck on macro and metals themes that he presented earlier this month for the Quebec Mineral Exploration Association. Mining investors know the story well – excess supply and insufficient demand have hit commodity prices hard, as well as the energy-reliant Canadian economy. Meanwhile, debt… Continue Reading

POSTED ON October 21, 2015 BY Jamie Keech

Almost exactly 2 years ago, CEO.CA correspondent Jamie Keech interviewed Liberal natural resources critic Geoff Regan about the party’s ideas on natural resources development, the environment, First Nations and more. The Liberal party won a majority of seats in Monday’s federal election and while Prime Minister-elect Justin Trudeau will not name a cabinet until Nov.… Continue Reading

POSTED ON September 13, 2015 BY CEO Technician

Via Energy and An insightful graphic from Goldman Sachs Investment Research which highlights the recent evolution of the global crude oil supply-demand balance and where it’s projected to go over the next 15 months:   The market is currently oversupplied by nearly 2 million barrels per day, however, this oversupply is projected to turn… Continue Reading

POSTED ON September 05, 2015 BY CEO Technician

Via Energy and Two charts that excellently illustrate the commodities bear market which has accelerated to record depths during the last few years:   Love them or hate them, precious metals exchange-traded products (ETFs, ETNs, etc.) soared to record levels in late 2012 following the ECB and Federal Reserve’s plunge into open-ended quantitative easing. More than… Continue Reading

POSTED ON August 18, 2015 BY CEO Technician

Via Energy and Remember this chart that was passed around quite a bit earlier in the year?   This chart has become important again as crude oil prices flirt with the $40/barrel level. Cash costs (variable operating costs) are distinct from the overall cost of an oil project because they are the costs associated… Continue Reading

POSTED ON July 14, 2015 BY CEO Technician

Via Energy and If the Saudis intention is to damage US shale oil production as they maintain record crude oil outputs despite a more than 50% drop in the price of oil in the last year, the following two charts illustrate that they are achieving their goal:   Since March there has been a… Continue Reading

POSTED ON May 18, 2015 BY CEO Technician

Via Energy and If I didn’t know better I could have never guessed that crude oil is down nearly 50% in less than a year. The Houston real estate market is white hot with residential listings regularly going for above asking price and sellers are finding eager buyers in a matter of days. Houston… Continue Reading

POSTED ON May 06, 2015 BY CEO Technician

Via Energy and It might be hard to believe but WTI crude has rallied nearly 50% since March 17th. While crude’s recent rally has certainly taken the crowd by surprise (as illustrated by tremendous short covering in the exchange traded fund USO) there’s ample reason to believe that crude oil’s upside move may have… Continue Reading

POSTED ON May 04, 2015 BY CEO Technician

Via Energy and We are seeing a very interesting dynamic take hold in crude oil futures markets: In recent weeks we have witnessed a confluence of forces; speculators have covered shorts in large numbers while also aggressively adding to long positions, meanwhile, producers have hedged aggressively by selling futures contracts in order to lock… Continue Reading

POSTED ON April 20, 2015 BY CEO Technician

Via Energy and I came across two powerful China charts from J.P.Morgan this weekend:   During the last decade the correlation between Chinese monetary conditions/nominal GDP growth and commodities is almost uncanny; the CRB bottomed at the exact month that China monetary conditions bottomed in early 2009 and began rolling over again in 2011 just… Continue Reading

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