Wealth Creation Through Natural Resources
WTI crude oil prices fell below $38/barrel during Monday’s global market swoon as they headed for their 11th consecutive weekly decline. That was until a 6%+ rally took hold during the last 24 hours: Amazingly enough the rally since Monday’s low … Continued
This was a bad week for stocks, a very bad week. Over the next 48 hours other sources of market info/analysis will surely parse through this week’s market decline from 14 million different angles and tell you that we are … Continued
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 … Continued
The most widely followed commodities index, the CRB (Reuters/Jefferies Commodities Index), closed below its 2009 Global Financial Crisis low last week: (The CRB closed even lower today due to declines in crude oil and copper) An interesting excerpt from a … Continued
Via Bespoke: The chart is pretty self explanatory, but nonetheless stunning. It hasn’t been this bad for commodities since the post-dotcom crash recession, and in many ways it’s much worse than it was in 2002. A few takeaways from … Continued
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 … Continued
Energy stocks have been in a steady downtrend for more than 2 months. Today investors received the strongest indication yet that a reversal might be at hand with the two largest energy sector ETFs (OIH and XLE) both printing large … Continued
WTI crude suffered an 8% spill today. The fundamental reasons are fairly straightforward (continued supply glut that has not been completely redressed despite the large price decline at the end of last year, a China stock market crash which has … Continued
NXT Energy Solutions (SFD.V) has been one of the hottest stocks in the TSX-Venture in 2015. Shares of SFD have doubled during the first half of this year and show few signs of stopping anytime soon: Technically speaking the stock broke … Continued
At the beginning of May we pointed out that energy stocks were set for a pullback. Now after dribbling lower for the last month it’s time to get back into energy equities: A large bullish outside reversal following this … Continued