Oil and Energy
Top Analyst picks Valero (VLO:NYSE) as Best Oil Stock to Buy Now
Published on June 28, 2008
Top analyst Todd Schoenberger predicts crude oil prices of $175 by August… and recommends an oil-related company every investor should buy now.
Oil Prices Defy Correction
Published on June 27, 2008
“Oil prices have barely budged based on the Saudi Summit. There has been no summer sell-off, and I’d be surprised to see a significant pullback as the summer driving season kicks into gear.” — Byron King
by Byron King
Baltimore — (TFN): The returns are coming in from the distant precincts of the oil patch, and the [...]
Gas could fall to $2 on Congress action
Published on June 26, 2008
The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy-futures markets, four energy analysts told Congress on Monday.
Natural Gas Will Soar on Hurricanes and Heat Waves
Published on June 24, 2008
“Natural gas is one of those invisible threads woven throughout our lives. We all make use of it much more than we realize, and the costs hit us in many unrealized ways, too.” — Justice Litle, Taipan Publishing Group
by Justice Litle
Baltimore – (TFN): Natural gas prices are up about 75% [...]
Oil Prices Are in a Bubble, a GOOD Bubble
Published on June 23, 2008
“In the meantime, we should look on the bright side, even as we wince at the petrol pump. Because if the current oil price is indeed a bubble, it’s a good bubble.” — John Stepek
by John Stepek
Blogger’s note: John Stepek, deputy editor of MoneyWeek in the UK, recently sent out this interesting piece to his [...]
China Raises Gasoline Prices, Sends Gushan (GU:NYSE) Soaring
Published on June 19, 2008
“Starting at midnight tonight… diesel and gasoline prices will rise 1,000 yuan ($145.39) per metric ton.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): Chinese fuel companies are breaking out on news that the country’s government will raise fuel prices at midnight tonight.
PetroChina (PTR:NYSE), the country’s largest oil producer, is up 4.8% in morning trading. And [...]
What the heck is going on with Pyramid Oil (PDO:AMEX)?
Published on June 18, 2008
Baltimore (TFN): I only wish I knew what was behind the dramatic rise of Pyramid Oil (PDO:AMEX). After going up over 20% yesterday alone, it is now already up another 5% or so.
As reader J.G. commiserated, “I don’t get it. The financials don’t support the price. 13 employees… $3.10 in March.”
I hear ya, [...]
Pyramid Oil (PDO:AMEX) Up Over 20%
Published on June 17, 2008
Baltimore (TFN): Pyramid Oil’s (PDO:AMEX) stock price is moving up FAST for no good reason that I can find — but I love it!
If you had gotten in on our June 5 Editor’s PIC recommendation, you’re up 20% at this point.
Remember, a 5-for-4 stock split is scheduled for July 7, so I’d hate to drop [...]
Oil Is the New Gold Standard
Published on June 17, 2008
“The Fed can no longer cheat with the money supply and get away with it. There is a new gold standard and it’s called ‘oil.’” — Byron King, Whiskey and Gunpowder
by Byron King
Baltimore – (TFN): Oil has become the “anti-dollar” of modern times. Oil is now serving as the [...]
Global Warming and the Price of a Gallon of Gas
Published on June 13, 2008
You may want to give credit where credit is due to Al Gore and his global warming campaign the next time you fill your car with gasoline, because there is a direct connection between Global Warming and four dollar a gallon gas.
Attack on prosperity: How Speculators Are Causing the Cost of Living to Skyrocket
Published on June 13, 2008
major investors turned their attention to the commodities indexes, investments that promised substantially higher returns than investing in the stock market. The more the funds invested, the higher the prices went, especially since the market for speculative commodities securities is very small. Even minor shifts in the portfolios of large mutual funds can quickly drive up the price of oil.
Pyramid Oil (PDO:AMEX) 5-for-4 stock split set for July 7
Published on June 11, 2008
by Laura Cadden, TodaysFinancialNews.com
Baltimore (TFN): My Editors.PIC for June 5, Pyramid Oil Company (PDO:AMEX) has announced a 5-for-4 stock split to occur on July 7, 2008. It will be effective for shareholders on record as of June 24.
With this action, the company intends to increase it’s public float.
The stock is currently up 4% since my [...]
Crude oil prices set for rebound on inventories report
Published on June 10, 2008
That was Tuesday, of course. Wednesday will provide reason enough for the plodding herd to change direction yet again: At 10:30 AM, Crude Inventories for June 7 will come in lower than expected, triggering another stampede into oil. Lower demand notwithstanding.
Dump CNW and Buy CSX
Published on June 10, 2008
“The moment diesel fuel crested $3/gallon trucking simply could not compete.” — Adam Lass, The Taipan Group
by Adam Lass
Baltimore — (TFN): Rail has a powerful tenfold advantage over trucking when fuel costs are high. Heavy Trucks require 3,357 BTU per short ton mile while Class 1 Railroads use only 341 BTU per short ton [...]
Why High Oil Prices are Bad for Western Refining (WNR)
Published on June 10, 2008
“Take a look at the chart of Western Refining (WNR:NYSE)… High oil prices have been disastrous for WNR.” — Andrew Mickey
by Andrew Mickey
Baltimore — (TFN): Oil hits $140 and could be going to $200. Buy oil stocks. Oil prices go up, oil stocks go up too, right?
Actually, that statement couldn’t be further from the truth.
Take [...]
Oil Prices Fall on Saudi Announcement
Published on June 9, 2008
“Al-Naimi has pumped hope back into the system after last week’s inflation terror hit the markets. Oil prices closed at $134.39 on the New York Merchantile Exchange.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore – (TFN): Well, at least oil prices are sensitive in both directions. Saudi Arabian oil minister Ali al-Naimi called for a conference [...]
Record oil price result of panic-fed bubble
Published on June 7, 2008
Friday’s record oil price is the result of a panic-fed bubble, plain and simple: Supply and demand go nowhere explaining the move. Oil is making money because it is making money. Not the best reason for an asset to increase in price—but then, there are not really any bad reason.
The Air Force is Buying into Alternative Fuel
Published on June 6, 2008
“The Air Force will sweeten the pot, however, by guaranteeing that it will purchase the fuel that comes out of the CTL (coal to liquid) plants. Eventually, much of the Air Force fleet will fly on a mixture of CTL fuel and traditional petroleum-based fuel.” — Byron King
by Byron [...]
Oil Prices Jump Higher on EU Warning
Published on June 5, 2008
“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet
by Stephanie Grimmett
Baltimore – (TFN): You can blame a frenchman [...]
Check out Pyramid Oil Company (PDO:AMEX): TFN Editor’s PIC
Published on June 5, 2008
Baltimore — (TFN): The stock price for Pyramid Oil Company (PDO:AMEX) hit 52-week highs in recent weeks, then retreated slightly (see below). But I don’t see it staying down.
Founded in 1909, Pyramid Oil is involved with the exploration, development and production of crude oil and natural gas. They are headquartered in California and hold [...]
