Crude Oil Futures Trading News and Videos

submitted by oiltrades 1026 days ago (via energyinvestmentstrategies.com)

I’ve owned Petrobank (PBEGF), a TSE oil junior, at $50, sold it as the market tanked, and over the past few months I’ve been buying it again in greater quantity in the teens. It’s now just over $20. I’ve been impressed with management’s apparent ability to successfully execute a standard “exploration and production” strategy as [...]

Merrill: Non-OPEC Peak Oil May Be Past

submitted by oiltrades 1026 days ago (via energyinvestmentstrategies.com)

In February Merrill Lynch analysts issued a report saying that non-OPEC oil production may have already peaked. “In summary, assuming the ongoing recession does not turn into a multi-year event where global oil demand is pushed down structurally for the next five years, the steep decline rates in OPEC and non-OPEC countries alike could put [...]

Volt Test Drive

submitted by oiltrades 1026 days ago (via energyinvestmentstrategies.com)

The first press report of a Chevy Volt test drive, has been published here. The Volt is America’s first plug-in hybrid electric vehicle. What stood out in my mind was the very positive performance review in terms of power, acceleration, and the low center of gravity. As I recently wrote, the surprising virtue of the [...]

Further Report on Lynas Deal

submitted by oiltrades 1007 days ago (via energyinvestmentstrategies.com)

A report in The Australian newspaper (affiliated with The Wall Street Journal) provides an insight that is worth considering. It suggests a some key ideas that could be important in evaluating the investment prostpects of both Lynas (LYSCF) and Arafura (ARAFF): 1. China’s exports of Rare Earth Elements (REE’s) is slipping significantly. 2. [...]

Lynas to Marry China

submitted by oiltrades 1007 days ago (via energyinvestmentstrategies.com)

Lynas Corp (LYSCF), the Australian rare earth element mining company, announced it will accept an offer from China Non-Ferrous Metal Mining Co to provide A$252 million of equity capital in exchange for a 51.6% equity position in Lynas. As part of the deal, China Nonferrous will provide guarantees to help Lynas secure financing from Chinese [...]

Comments on Stocks and Oil

submitted by oiltrades 1007 days ago (via energyinvestmentstrategies.com)

Stocks continue to recover from their panic bottoms of last November, many of them having doubled or more from then (case in point: General Electric). All this seems very healthy to me given the lack of real world data indicating any sort of resumption in economic growth. We get only data indicating a slowing in [...]

Insights on Iraqi Oil

submitted by oiltrades 1007 days ago (via energyinvestmentstrategies.com)

In early February I wrote about the upside potential for Iraqi oil production. Below is the opposite case as put forward recently by an EIS reader, Nawar Alsaadi, who has first hand insights on the issue. I think he makes a compelling series of arguments, all of which tend to the conclusion that Iraq is [...]

Newsletter 24: Where Will New Money Go?

submitted by oiltrades 996 days ago (via energyinvestmentstrategies.com)

There is reportedly $4 trillion parked in U.S money market funds and other cash equivalents getting a return of approximately zero. That’s a large cash allocation. Breaking even seemed great a few months ago when most investors were being crushed by falling equity prices. But now pessimism is waning and the last couple of months’ [...]

Lynas Conference Call

submitted by oiltrades 996 days ago (via energyinvestmentstrategies.com)

Lynas hosted a conference call recently that can be accessed by clicking on: Investor Call - 5 May 2009The company line was that the new Chinese investors want to fund the company’s existing business plan and management without any changes. They understand the strategic value of REEs and wish to maximize the company’s value just [...]

Political Incompetence Could Drive Oil Up

submitted by oiltrades 996 days ago (via energyinvestmentstrategies.com)

Oil prices are ascending in concert with a rising stock market and an expanding sense of non-pessimism about the global economy, yet the supply of cheap oil remains far greater than demand. Huge amounts of $5 cost oil is being moth-balled by OPEC and there is no shortage of oil inventory above ground, much of [...]