Oil and Energy
OPEC cuts create fantastic buying opportunity
Published on October 20, 2008
OPEC plans to meet later this week. A large cut in cartel oil production is widely anticipated. It will not be nearly enough to slow the oil industry’s downward spiral. Buy ETFs like UltraShort Oil and Gas ProShares (AMEX:DUG).
By Andrew Snyder
Baltimore – (TFN): Our good friends at OPEC are up to their same old tricks. [...]
Crude oil trades below $70 — get ready for $50 per barrel
Published on October 16, 2008
Oil below $70 means that there’s nothing in the way of further price declines… down to $50!
Crude prices plunge: Use an UltraShort ETF (DUG) to make 2-to-1 profits
Published on October 15, 2008
The global economy is screeching to a halt. Pretty soon, it will be obvious we are in reverse. That means oil prices will continue to plunge. Use an UltraShort ETF (AMEX:DUG) to profit from the downturn.
Oil Industry: So long good old days
Published on October 10, 2008
The economy is slowing and energy prices are plummeting. It is horrible news for companies like Exxon Mobile (NYSE:XOM) and deadly news for smaller competitors like Chesapeake Energy (NYSE:CHK).
By Andrew Snyder
Baltimore – (TFN): I sure hope those mega-profits the oil industry reaped over the past few years were well saved, because the glory days [...]
Libya vs Switzerland: Tamoil loses
Published on October 9, 2008
Libya is boycotting Switzerland over an offense to Qaddafi’s youngest son. And Libya’s refiner Tamoil won’t be selling anything to Switzerland any time soon. But with crude oil prices affordable again and oil consumption dropping, Libya is only hurting itself.
by Stephanie Grimmett
Baltimore — (TFN): You know you’re out of touch with reality when:
Libya just [...]
Tel Offshore Trust (TELOZ) plummets 64% at open
Published on October 8, 2008
Tel Offshore Trust (TELOZ) fell 64% this morning. And it’s not only because oil prices are tanking. The company just lost some key assets in Louisiana. And it’s predicting a bad year ahead.
by Stephanie Grimmett
Baltimore — (TFN): You can just hear the fellas over at Tel Offshore Trust (NASDAQ:TELOZ) discussing today’s press [...]
The Death of Solar? Yet another bubble has popped!
Published on October 7, 2008
SunPower Corporation (SPWRA), First Solar, Inc. (FSLR), Yingli Green Energy (YGE) are getting hammered. It’s time to close the book on solar stocks for the next two years!
E.On (EONGY) grabs Gazprom’s (OGZPY) gas field
Published on October 6, 2008
Gazprom (OGZPY) just sold nearly a quarter of the Yuzhno Russkoye natural gas field to Germany’s E.On (EONGY). And what did Gazprom get back for this sacrifice? It’s own stock. How did Germany’s largest utility company manage to buy into one of the world’s largest gas fields using nothing but Gazprom stock?
by Stephanie [...]
Buy LINE, KMP, PBT, EPD only when the Cramer frenzy is over
Published on October 3, 2008
Jim Cramer’s recommendation of four dividend yielding oil and natural gas players will give the stocks an artificial high. Avoid Linn Energy (LINE), Kinder Morgan Energy (KMP), Permian Basin Royalty Trust (PBT) and Enterprise Product Partners (EPD) until the dust settles.
by Stephanie Grimmett
Baltimore — (TFN): Look for strong jumps today in Linn Energy (NASDAQ:LINE), [...]
Evergreen Energy (EEE) is on sale, but should you buy?
Published on October 2, 2008
Evergreen Energy (EEE) is up 9% today, but that’s only after it fell 42% yesterday. But EEE isn’t just another casualty of the market crisis. The company has potential, and buying today could get you in while the stock is still on sale, if you’re not afraid of a little risk.
by Stephanie Grimmett
Baltimore [...]
Buffett on nuclear power: Berkshire (BRK.A) goes nuclear with Constellation (CEG) buyout
Published on October 1, 2008
With Berkshire Hathaway (NYSE:BRK.A) taking over three nuclear power plants and half of a nuclear power development firm in its Constellation Energy (NYSE:CEG) buyout, will Warren Buffett change his tune on nuclear power? Or should investors wave goodbye to the nuclear dream?
by Rebecca Smith, Wall Street Journal
Baltimore — (TFN): Warren Buffett’s [...]
Pacific Ethanol (PEIX) down 28% in first hour
Published on September 30, 2008
Pacific Ethanol (PEIX) is down 28% this morning on good news. The company has new plant open. But it’s stock fell. What’s going on?
by Stephanie Grimmett
Baltimore — (TFN): Wait, that can’t be right, but I guess it is. Pacific Ethanol (NASDAQ:PEIX) fell 28% in the first moments of trading, with nothing but good [...]
Buy, Sell or Hold: Suncor Energy (SU)
Published on September 29, 2008
After making a great call on Chevron (CVX) earlier this year, Horacio Marquez is moving to oil sands operators. Is Suncor Energy (SU) a buy at current levels? Or should you ignore it until production is up?
by Horacio Marquez, Money Morning
Baltimore — (TFN): On July 21, when oil was trading at some $125 [...]
Gazprom (OGZPY) wins as the EU “unbundles”
Published on September 26, 2008
The European Union is trying to “unbundle” its energy conglomerates. Too bad it can’t do the same thing for the biggest threat to Europe’s energy supply. Gazprom (OGZPY) wins when RWE loses.
by Stephanie Grimmett
Baltimore — (TFN): First, you should know that Russia owns Europe. Let’s dispell any ideas to the contrary. [...]
Oil under the Bahamas: BPC goes deep-sea fishing
Published on September 25, 2008
Tom Bulford of Penny Sleuth UK recently spoke with the head of Bahamas oil explorer BPC (London:BPC). And besides some valuable advice about being on an oil rig during a hurricane, Tom also learned that BPC’s stock, cheap at 4.5 pence on the LSE’s AIM board, could provide investors with a golden opportunity. But it’s [...]
Patriot Coal (PCX): Death rattle or new birth?
Published on September 24, 2008
Patriot Coal (PCX) shot up 4% and then fell 9% from its high today. The stock’s short rally is over, but will coal companies rise again?
by Stephanie Grimmett
Baltimore — (TFN): Patriot Coal Corporation (NYSE:PCX) started this morning by gaining 4%, but soon after lunch traders changed their mind and pushed the stock [...]
Crude prices slip: Commodity investors turn and run
Published on September 23, 2008
Crude prices are down today. Oil stocks like Exxon (NYSE:XOM) and Chevron (NYSE:CVX) have been all over the place lately. Is the commodity boom finally over?
By Andrew Snyder
Baltimore (TFN): If you are an energy-industry investor, it is a good bet that you have quite a headache after the last two trading sessions. With a free [...]
Crude oil prices: “Possible that we could go all the way to the $60s.”
Published on September 18, 2008
Crude oil prices dipped into $80s, and it is possible that we could go all the way to the $60s.
Crude oil prices prove U.S. dollar stronger than hurricanes
Published on September 17, 2008
“Gustav rolled right down the center of the alley. By rights, it should have been a strike. Gustav had the aim. Gustav followed the right track. But Gustav didn’t knock down any pins. Gustav went over, under, around and through some of the most densely packed drilling infrastructure on the planet. And Gustav caused very [...]
Crude oil price drops 10%: Steeper decline than the stock market
Published on September 15, 2008
Crude oil prices today dropped faster than even the Dow Jones Industrial Average. Watch another $20 per barrel slough off by Halloween!
