The oil and gas landscape is changing rapidly. If you took on debt, overpaid for assets, and outspent your revenue, you are done…toast…kaput.
Oil and Gas
These two key commodities can turbocharge the returns for your portfolio. Strategic and valuable assets, in a world of tight resources and strong demand, oil and gas stocks could prove to be the most lucrative investments you’ll ever make.
But you have to be careful. These industries are no strangers to hucksters, con men and incompetent management.
Stay informed on the best way to profit from the oil and gas market right here.
If gold can trade above US$1,300 an ounce, it will represent the highest close in nearly two years.
The rout in the oil price threatened to turn a huge amount of debt ‘bad’. That was a big threat to the stability of the global banking system.
From the European Union’s point of view, the relationship between Russia and Greece might already be too close for comfort.
Oh dear. It’s spreading! What can we call it? Hey, let’s call it ‘debt contagion’. That’s a nasty sounding disease if ever we’ve heard one.
Shocking news this morning courtesy of a Fairfax/Huffington Post investigation…Brace yourself folks, this is big…Get this: the oil industry is rife with corruption! Can you believe it?
The recent oil price surge is more about short sellers getting out of their positions than new buyers coming in to push prices higher. It's the need to buy back positions and exit the trade that is behind oil’s latest price surge. To me, this is a sign of the oil market nearing a bottom.
88 Energy has had a spectacular run in recent weeks. Following its Icewine crude oil discovery, the share price jumped 550% in five days at the 13-year low in crude oil.
India has announced it aims to attract $25 billion dollars in oil and gas investment with the help of reforms to its licensing and production rules.
Oil jumped more than 5% while gold was up US$30 an ounce, or around 2.5%. Clearly, there is still a lot of bearish positioning in the commodity space.
‘Buy the dip. Buy the dip. Buy the friggin’ dip.’ It worked well when investors believed the Fed could maintain a safe perimeter around markets…
Commodities prices are bouncing higher. Oil surged 5%, while copper jumped 2%. The Aussie dollar is up over US$0.72 cents.
If there’s one thing that gets up people’s noses, it’s the price of petrol. The oil price you see quoted on the nightly news can often vary dramatically with what you see at the bowser.
Brent crude Oil, which Aussie producers receive for selling their product, is trading around US$30 per barrel.
Things calmed down a bit in US markets overnight. Stocks were flat, oil fell a few percent, and gold had another decent session.