Oil Equities: The Catch-Up Trade and Then Some
Oil has been on the move. Oil equities, however, not so much. Naturally, the performance of stocks and commodities can deviate at times as they are generally influenced by various idiosyncratic and sector-specific factors. Still, any sustained disconnect between oil...The Evolving Energy Business Model: A Transformational Change from “Drill-Baby-Drill” to “Show Me The Money”
Over the past decade, exploration and production companies (“producers”) have been in a land grab battle as shale oil resources (“shale oil plays”) have emerged across the United States. Starting in 2009, the Bakken Shale in North Dakota emerged, followed by several...
Did OPEC Just Ring the Bell for Energy Equities?
A Likely Inflection Point for Oil. It’s been said that, unfortunately for investors, the market doesn’t ring a bell at the bottom. Maybe not, but after crude’s 30%+ decline since October, today’s OPEC+ announcement for a 1.2 million barrel per day (mmbpd) cut in...Oil: It’s About to Get Tight(er) in Here
After more than a year of inventory destocking, prompt crude oil conditions have recently softened primarily due to a timing mismatch between an increase in Saudi Arabian production and an upcoming major decline in Iranian oil exports stemming from additional US...