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Insider information: We have too much oil

October 23, 2008 · Filed Under Oil and Energy · Comments 
The oil cycle is working. After a surge of new drilling and exploration, the world now has more oil than it knows what to do with. The phenomenon is causing many investors to bail out of the industry. By Andrew Snyder Baltimore – (TFN): I could hear the clamoring of heavy equipment in the background. Over the [...]

Buy, Sell or Hold: Suncor Energy (SU)

September 29, 2008 · Filed Under Oil and Energy · Comments 
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 [...]

Crude prices slip: Commodity investors turn and run

September 23, 2008 · Filed Under Oil and Energy · Comments 
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 [...]

Profits don’t help Western oil majors find new fields

August 30, 2008 · Filed Under Oil and Energy · Comments 
"Western oil majors like Exxon are finding it harder than ever to identify new prospects and successfully complete new oil projects. This comes despite the fact that the oil industry is flush with profits from upstream operations, and is eager to expand." — Byron King by Byron King Baltimore — (TFN): Western nations — the [...]

Oil Prices Defy Correction

June 27, 2008 · Filed Under Oil and Energy · Comments 
“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 [...]

Investing in Oil: Tiny wildcatters are the key to future gains

January 15, 2008 · Filed Under Oil and Energy · Comments 
  "Chevron is the most bullish of the major (oil companies). They’ve spent $17.5 billion to buy Unocal in 2005 when oil was at historic highs – a huge risk at the time. Today’s $90 per barrel oil makes Chevron look like a genius on that deal." — Chris DeHaemer   by Chris DeHaemer (from the TFN [...]