Streetwise Articles
Roger Wiegand, Trader Tracks: Oil Prices Create Industry Havoc
Source: The Energy Report (12/22/08)
Seeing beyond the blind curves of bailouts and meltdowns takes the keen vision of a veteran market observer, Roger Wiegand, Editor of Trader Tracks. In this exclusive interview with The Energy Report, Roger gives us his latest thoughts on the bumpy road ahead and where he sees opportunities in the energy sector.
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Companies Outside "Big 6" Are Handing Investors Best Returns
Source: Money Morning (12/21/08)
"Two companies are dwarfing "big oil" in profit margins and reserves. They're about to hand investors a double in the short run…"
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Oil Supply Capacity Will Be a "Defining Factor" for Oil Market
Source: Oil and Gas Journal (12/21/08)
"Notwithstanding the weakness in oil demand and prices, oil supply capacity will expand as new supplies, already under development, come to market."
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As Oil Sinks, Producers Reprioritize Investments
Source: Wall Street Journal (12/20/08)
"Budgets in the U.S. and Canada are being cut the most."
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Exploration and Drilling Begins off the Coast of Virginia
Source: CNN (12/20/08)
"The state is ground zero for the drilling debate because of possible reserves off the coast and what energy experts see as a friendlier government than elsewhere."
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North Sea Explorers Face Buy-Out from the East
Source: Sunday Herald (12/20/08)
"Chinese and Middle Eastern sovereign wealth funds are circling struggling North Sea energy explorers in expectation of a fire sale next year."
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Expert: Coal Reserve Estimates Way Too High
Source: Seeking Alpha, Michael Kallenos (12/19/08)
Government agencies have estimated that there is about 850 billion to 998 billion tons of coal in the ground that can be economically recoverable. Not so, says David Rutledge, the Kiyo and Eiko Tomiyasu Professor of Engineering at Caltech,who has done his own estimates. . .
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Anything Electricity Related Should Be a Hot Commodity to Trade
Source: Seeking Alpha, Bill Paul (12/18/08)
“Uranium should remain hot as the global push for more nuclear power plants continues to grow and the U.S. joins in.”
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Mickey Fulp, "Mercenary Geologist": Hanging His Hat on a Uranium Explorer
Source: The Energy Report (12/18/08)
"Mercenary Geologist" Mickey Fulp has 29 years of field experience as an economic geologist evaluating exploration and mining projects throughout the Americas and China. He's a proponent of the “Boot Leather and Drilling” style of exploration. In this Energy Report interview he gives us his take on the prospects for the uranium sector and insights into his favorite junior.
Jakarta's New Mining Law Could Deter Foreign Investors
Source: The Wall Street Journal (12/17/08)
“Rules giving powers to local governments likely to deter investors.”
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A Rise in Energy Stocks Helps Boost FTSE
Source: MyFinances.co.uk (12/16/08)
“Early gains for the UK's leading index were boosted by strong performances in the energy sector, as increased pressure on OPEC to reduce oil supply saw a rise in the price of crude.”
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Will Obama's Package or Falling Chinese Demand Move Oil?
Source: Seeking Alpha, Henrique Simoes (12/15/08)
“Obama’s stimulus package and falling Chinese demand for oil are the most important drivers for crude oil futures in the months ahead.”
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Obama Says Future of U.S. Economy and National Security Linked to Energy
Source: MarketWatch, Robert Schroeder (12/15/08)
“Obama presents energy, climate team saying that both the future of the U.S. economy and national security are linked to energy.”
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Oil Service Shares Holding, Natural Gas and Petroleum Slip
Source: MarketWatch, Steve Gelsi (12/15/08)
“Natural gas and petroleum producers fell Monday after oil futures reversed course and moved lower due to losses in the broad market and an upgrade of drilling giant Schlumberger.”
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Can the U.S. Drill Its Way to Energy Security?
Source: Journal of Energy Security, Timothy D. Kailing (12/14/08)
“With nonrenewable resources like oil and gas, being more "energy independent" now implies increasing energy dependence at some point in the future.”
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Look to Oil for the Long Term
Source: Seeking Alpha, David Bui (12/11/08)
It took nothing less than a Depression-like global financial crisis to humble the energy bull but when the global economy recovers, energy will come roaring back.
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RCR: Global Uranium Companies Report
Source: John Wilson, Resource Capital Research (12/11/08)
Resource Capital Research released its major quarterly research report covering 19 global uranium exploration and development companies. Its findings include increased uranium purchases by utilities anticipated early 2009, coupled with recent announcements of delayed deferred or moth ball mining projects is providing support to the spot uranium price with potential for further modest increases into 2009.
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Oil Should Go Up
Source: Energy and Capital, Chris Nelder (12/11/08)
The EIA's new outlook expects the global financial crisis to put the brakes on the world economy, citing “additional declines in crude oil and other energy prices”; however, Energy and Capital editor, Chris Nelder, doesn't believe prices can go much lower, particularly where oil is concerned.
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Analyst Mark Leggett: Oil Price Limbo: How Low Can It Go?
Source: The Energy Report (12/4/08)
In this exclusive interview with The Energy Report, Mark Leggett, BMO Capital Markets’ oil and gas analyst for Canada, talks about oil sands plays and how today’s oil prices affect them. He says that may not yet have bottomed out, but longer term he sees restored demand growth that will cause prices to climb again.
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The Resources Slump: Slash & Burn
Source: Mineweb (12/3/08)
After several years of headlong expansion, big oil and mining companies are pulling up abruptly. Soaring commodity prices have slumped across the board since July. Together with the impact of the credit crunch on project finance, this drop has forced scores of extractive companies to cut back on new investments and scale down production at many existing operations.
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Oil Likely to Remain at $50, But Don't Celebrate Yet
Source: cnbc.com (12/3/08)
Chris Hyzy, chief investment officer for U.S. Trust, the private wealth management unit of Bank of America, added that “contrary to prior cycles”—when lower oil prices were deemed good for stocks—falling prices are actually “having a negative spiral effect” by signaling a bottom has not yet been reached.
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How Long Will the Price of Oil Remain This Low?
Source: Seeking Alpha (12/3/08)
The question most people are asking is: How long will this last? Well, apparently, the technical specialists seem to think that there could be another 50% slide from current prices and more fundamental analysis also suggests a bit more down side, but not more than another 20%.
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Oil: A Slippery Slope Ahead?
Source: Seeking Alpha, Andrew Mickey (12/2/08)
There will be some amazing opportunities in oil over the next year, but for now, it’s best to keep plenty of cash on hand and wait for them to fall even further. As oil prices slide down a slippery slope, it’s a buyer’s market and we don’t have to chase anything.
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Uranium Stocks: Bear Market's Hot Corner
Source: Mineweb (12/2/08)
While the top 100 mining stocks have moved up 30% from recent lows, uranium stocks have gained an average of 51%.
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Follow the Mutual Funds: Solar Is Bottoming
Source: Seeking Alpha, Kevin Schulle (12/1/08)
Everybody sees gloom for solar and renewable energy in the near term; downgrades are flying every day on Wall Street. Yet the stocks are bouncing back from 52 week lows nicely, and apparently the bottoming process is underway.
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