Obama the Oil Man When Obama ran for President, he told us that oil was stupid. He promised to diversify us away from oil, in favour of grandiose alternative energies, like “clean coal”, natural gas, wind, nuclear solar–even biofuels! The ultimate barometer of the health of any business is its share price. Wouldn’t you agreed? Indeud. Let us have a look at some returns of alternative energy names, over the past 3 years. How’s the fucking solar sector doing? Eek, that sucks. Maybe the coal and nuclear sectors are doing better? How about natural gas? Ouch, that fucking sucks. I know. I bet biofuels have done well. Unreal. Just for fun, let’s have a look at oil. Odd no? In just three years, for whatever ... Continue reading →
Energy Stocks Should Be Your Summer Fling By Daniel Dicker, Real Money Contributor - 05/22/12 - 12:51 PM EDT NEW YORK (TheStreet) -- Energy has lost its mojo. No one seems to care anymore about gas prices and the threats of an Iranian nuclear program. But you ignore energy price action at your own risk -- it's delivering some of the best indications of future stock prices, and telling me it's near time to start developing some positions in energy stocks. It's been impossible to recommend any stocks confidently in the past several weeks, considering the news from Europe. But those headlines are eerily similar to those we saw from the summers of 2010 and 2011, and we should be used to them. Is the ... Continue reading →
On February 22, the commodities team at Goldman Sachs initiated a long trading recommendation on WTI crude at $107.55 a barrel. It's been a rough few weeks for anyone who took that advice – oil closed out this past trading week at $91.48, down 15 percent from the time of the recommendation as uncertainty in Europe has stoked fears of a significant slowdown in global growth looming ahead. In their latest note, the Goldman analysts assert that "the extent of the recent sell-off was largely unwarranted" given supply and demand catalysts in the oil market on the horizon. Here is their reasoning: The supply of oil actually available to the market is increasingly constrained by the inability of Iran to market its oil owing to ... Continue reading →
