Tag Archives: oil prices

Will black gold price follow yellow gold?

Until very recently, the oil price and gold price tended to follow a similar pattern, as evidence by the below chart.  The fundamentals driving these prices differ of course, but over my many years I’ve come to expect the two … Continue reading

Posted in GOLD & COMMODITIES, Random Thoughts | Tagged , , , , , , , , , , | Leave a comment

Time to Buy Canadian Energy Stocks

Oil and Gas is a Cyclical Business It’s no secret that oil demand has been demolished by the novel coronavirus and coincident recession, but in my experience the best indicator of supply adjusting to the downside is activity in the … Continue reading

Posted in Random Thoughts, stocks | Tagged , , , , , , | Leave a comment

US Energy Self-Sufficient – But for how long?

According to the Energy Information Administration, the US is more than self-sufficient when it comes to energy.  For the first time in a very long time, production of energy (all sources) exceeded consumption in 2019. What we do know is … Continue reading

Posted in GOLD & COMMODITIES, Random Thoughts | Tagged , , , , , , | Leave a comment

Avoid natural gas companies despite bounce in energy sector.

Oil has had a spectacular rebound as news that OPEC+ might be willing to come to some sort of agreement (with Trump’s help?) The price of WTI popped from the $20 level.  I did share that on March 20 I … Continue reading

Posted in Random Thoughts, stocks | Tagged , , , , , , , , , , , | Leave a comment

Low oil prices – great for China

China’s imported over 10 million barrels of oil daily in 2019 according to the Energy Information Administration.  Ten million barrels PER DAY, every day of the year or 3.65 BILLION barrels per year. So a $20 drop in WTI oil … Continue reading

Posted in GOLD & COMMODITIES, Random Thoughts | Tagged , , , , , , , , , | 1 Comment

Just before the carnage I said avoid the oils; I’ve decided to start buying again.

Having been through numerous energy cycles, I’ve learned on valuable lesson: Sell high and buy low.  Sounds simple enough but its always difficult.  Just a few weeks ago I recommended avoiding energy stocks (which turned out to be perfect timing). … Continue reading

Posted in Random Thoughts, stocks | Tagged , , , , , , , | 1 Comment

Oil stocks still worth avoiding – usually fall more than crude prices.

I suggested in prior post that oil would be in trouble due to the COVID-19 impact on fuel demand. The stocks are being clobbered, and one might be tempted to ‘buy low.’ After all, Chevron’s dividend yield is above 5%.  … Continue reading

Posted in GOLD & COMMODITIES, Random Thoughts | Tagged , , , , , , , , , | 1 Comment

Who predicted these oil prices? I’ll tell you.

The following prescient quote is from February 2014: The economies of China and India have slowed, and the U.S. is trending towards energy self-sufficiency thanks to production growth nobody envisioned back then.  The question today is why oil prices haven’t … Continue reading

Posted in GOLD & COMMODITIES, Random Thoughts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Who could have predicted these oil prices? I’ll tell you.

The following prescient quote is from February 2014: The economies of China and India have slowed, and the U.S. is trending towards energy self-sufficiency thanks to production growth nobody envisioned back then.  The question today is why oil prices haven’t … Continue reading

Posted in Random Thoughts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments