Wealth Creation Through Natural Resources
VANCOUVER, BC and TULSA, OK–(Marketwired – April 13, 2016) – Jericho Oil Corporation (“Jericho”) (TSX VENTURE: JCO) (OTC PINK: JROOF), a debt-free growth-oriented oil and gas company focused on Mid-Continent production, is pleased to provide an operational update on its Oklahoma … Continued
An oil & gas explorer we have been following for the last six months, Jericho Oil Corp (JCO.V), soared more than 10% today while breaking out above a key resistance level: JCO.V (Daily) We began covering Jericho in November … Continued
The latest Commitments of Traders data from the CFTC confirms that short covering has been largely responsible for the rally in crude oil during the last eight weeks: With the net-long position reaching a 17-month high and the gross … Continued
For This Company There’s Never Been a Better Time to Be in the Oil Business “Buying when there’s blood in the street” Jericho Oil is committed to reaching 1,000 barrels of oil per day of production by Q3 2016. … Continued
This chart explains why oil below $30 is a problem for the high-yield debt market and in turn the stock market: Much of the recent equity market strength can be tied to the 40% rally in crude oil since … Continued
After oil’s 40%+ in the last few weeks, Barron’s headline calling for $20 crude oil last month looks set to go down in market annals as one of the best contrarian cover stories ever: While Barron’s did actually offer … Continued
A fresh piece of research from RBC titled “Crude Storage – Darkest Before Dawn” makes the case that crude oil is in the darkness before the “dawn” (spring refinery runs and summer driving season). Crude oil storage capacity utilization has … Continued
According to the Bank of America/Merrill Lynch (BAML) fund manager survey gold is the most undervalued it has been since 2008 and crude oil is the most undervalued it has been since the survey began in 2008: … Continued
After reaching the lowest levels since 2003 ($27.56) WTI crude oil futures rallied ~26% in 7 trading sessions: WTI Crude Oil (Daily) This week’s rally stopped right at the downtrend drawn from the November peak and previous support from … Continued
U.S. crude oil inventories rose a stunning 8.38 million barrels in the last week to reach 159 million barrels above average for this time of year: Source: Bespoke Ordinarily one would assume that the crude oil price would be … Continued