|Day Low/High||0.08 / 0.10|
|52 Wk Low/High||0.08 / 4.90|
Cheap crude, high gasoline demand and the ability to export product bode well for downstream energy companies.
The enthusiasm about U.S. recovery in fracked oil is way premature.
This game is about the pace and sustainability of a global rebalancing of the oil market.
Location proves to be just as important as oil prices when betting on energy names.
But things won't get substantially better until at least the third quarter.
It will take a real and large production collapse to end the current bust.
Probably not. And stay away from Canadian oil companies.
We are still in the final throes of the oil bust cycle, but stocks will begin to react to a turnaround.
Now is the time to invest in energy stocks, not trade them.
I'll add to positions in down days in crude and stocks.
Is the No. 1 U.S. oil major now looking for a mega-deal of its own?
Scary predictions are almost begging retail investors to short oil.
My best work was avoiding areas where money was likely to be lost.
In part two, we look at possible problem players in the Bakken.