Wealth Creation Through Natural Resources
WTI crude oil just completed an impressive trading session to wrap up a notable week which saw ‘black gold’ rally ~4%. From a technical perspective crude oil is now in a 4-month uptrend which has been steady and gradual in … Continued
The recent rally in the oil services sector (OIH) which we highlighted yesterday has also lifted the silica sands producers which supply the oil industry. The ‘big dog’ in the silica space, US Silica (SLCA), has rallied nearly 60% in … Continued
After a 54% decline since June 2014 the oil services sector (OIH) is on the brink of confirming that a long-term bottom has been put in place: OIH (Weekly) Momentum and volume divergences at the summer lows A weekly … Continued
The oil services sector (OIH) is one of the worst performing sectors in the market year to date (-13.2%). However, October has been a good month for this beaten down sector and the OIH exchange-traded fund is testing a key … Continued
Oil services stocks as represented by the OIH (roughly 1/3 of the OIH is comprised of two names, HAL and SLB) have been hot for the past month, gaining nearly 20% since the March 16th low: This is the 3rd … Continued
It’s no secret the oil and gas industry is on the ropes. A greater than 50% correction in the price of oil in late 2014 has producers scrambling to lower costs. One company, Divergent Energy Services (TSXV:DVG), has a simple product … Continued
At the Subscriber Investment Summit in Toronto last week, Energy and Gold took in 15 presentations from leading junior mining and energy CEOs hand picked by three well known investment newsletter writers. One company, Canamax Energy (CAC.V), was introduced as the largest … Continued