Sunday’s surprise OPEC+ sends oil and oil stocks higher Monday (with slight retreat today)
On Sunday, April 2 OPEC+ announced a surprise oil production cut of more than 1 million barrels a day. The organization had not so long ago promised that it would hold supply steady. Saudi Arabia led the move by pledging its own 500,000 barrel-a-day supply reduction....
Oil rallies, finally
Oil rallied today, Monday, March 27, for the first time in, well, quite a while. Oil is likely to finish with a loss in March, for a fifth monthly drop. So today’s move, which saw West Texas Intermediate jump by almost 55, marked quite a shift in direction. You...
What to do about your oil stocks?
I’ve seen several comments on the site asking this question. I assume we’re talking about oil stocks in the short- and medium-term. In the long term, I think it’s clear that you should be thinking about selling these out of your portfolio at a profit...
What to sell in a Bear Market rally–and two sells for Monday, Omnicom and Alcoa
I ended my recent post “This looks like the Bear Market rally I’ve been waiting for” on my subscription JubakAM.com site by saying “Enjoy the ride but look to sell shares of companies that look most exposed to the return of recession/high...
Remember, natural gas isn’t just for heating; air conditioning demand sends natural gas for August delivery up 10.2% today
There are the base-load power plants that run all the time and meet the bulk of normal electricity demand. And then there are the power plants that are only intermittently called into service when demand spikes. In the United States the majority of the plants used to...
EU agrees to partial ban–66%–of Russian oil imports
The European Union has finally found a way to agree on a partial ban on oil imports from Russia. The group has agreed to an immediate ban on imports arriving by sea. That covers about two-thirds of Russian imports. To get Hungary’s vote for the partial ban, the...
Natural gas prices soar–no summer slump in prices this year thanks to war in Ukraine
Normally at this time of year natural gas prices retreat and companies actually stash natural gas in storage for use during hurricane outages in the fall and winter heating season. Not this year, however. Today natural gas prices in the U.S. hit a new 18-year high. At...
Another round of higher oil prices headed our way
Today, April 21, reports from a number of different sources are pointing to lower oil production–which will mean higher oil prices. Even from current levels. And oil prices are significantly higher in the past three weeks. At 3:00 p.m. New York time today U.S....
Stocks rally on bad inflation news in the morning and then give it all back (on second thoughts) in the afternoon
As of noon New York time today, April 12, the Standard & Poor’s 500 was up 0.47% and the Dow Jones Industrial Average had gained 0.34%. The NASDAQ Composite was higher by 0.73% and the NASDAQ 100 had moved up by 0.67%. The small cap Russell 2000 had tacked...
Please watch my new YouTube video: “Time to buy oil on the dip”
My one-hundredth-and -nineteenth YouTube video “Time to buy oil on the dip” went up today. We’ve had a pretty good dip over the last few days in oil prices. I think that comes from a trading pullback from a quick run-up in prices, as well as optimism...
Yesterday’s optimism about a cease fire in Ukraine and peace talks turns back into pessimism (realism?) today
Hopes for a cease fire in Ukraine and for serious peace talks between Russia and Ukraine took the stock indexes up yesterday and the price of oil and oil stocks down. News of renewed Russian shelling and that Russian troops were redeploying rather than withdrawing...
Please Watch my YouTube video: Trend of the Week: Don’t sell those oil stocks yet
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My one-hundredth-and sixteen YouTube video “Don’t Sell Your Oil Stocks Yet” went up today. Don’t sell those oil stocks yet! Back at the beginning...
Oil is up, stocks (outside energy) are down–how long will this anti-correlation last?
Oil rallied again today with U.S. benchmark West Texas Intermediate up 4.79% on the day to $114.79 a barrel and international benchmark Brent up 5.12% to $121.39 a barrel. So, naturally, oil and gas equities stocks are up today. And the broader market is down. What...
U.S. to ban Russian oil and natural gas–Brent hits $131 a barrel, WTI $127
The United States will ban imports of oil and natural gas from Russia, President Biden announced Tuesday. I’ve tried to pin down the exact timing and implementation of the ban (I don’t see these details in the executive order as released by the White...
So how big a deal is the Russian invasion of Ukraine to the financial markets?
Let me start off by making something very clear–the Russian de facto invasion of Ukraine is a very big deal for the people of Ukraine, the separatists regions, and the countries of Eastern Europe. I think we’re looking at the potential for thousands of...
For investors hedging the Ukraine/Russia conflict, here’s my best estimate of what’s next
If you believe as I do that one of Russian President Vladimir Putin’s goals in igniting the current conflict in Ukraine was to attempt to use Europe’s dependency on Russia natural gas to drive a wedge among NATO members, the most recent developments make a...
Oil moves toward $95 a barrel on rising Ukraine war fears
International benchmark Brent crude jumped as much as 4.7% to $95 a barrel for the first time since 2014. Brent was up 23.68% and trading at $94.77 at 3 p.m. New York time Friday. U.S. benchmark West Texas Intermediate, which normally trades below Brent in price, was...
Oil breaks above $90 for first time since 2014
On Thursday, Feburary 3, U.S. crude benchmark West Texas Intermediate rose above $90 a barrel–it closed at $90.87, up 0.60% for the day, for the first time since 2014. International benchmark Brent crude gained 0.42% to close at $91.53 a barrel. Of course, it...
Putting on hedges for a Russia-Ukraine conflict today (as in NOW)
I only recommend options on my subscription sites JubakAm.Com and JugglingWithknives.com. And this week on those sites I’ve closed the two VIX CALL Options I bought back on December 31 as protection (and potential profits) from an increase in market volatility...
Please watch my YouTube video: Quick Pick Conoco Phillips
I’m starting up my videos again–this time using YouTube as a platform. My eighty-fifth YouTube video “QuickPick Conoco Phillips” went up today. Please watch and subscribe to my YouTube channel. And like my video. Here’s the...
After the big oil rally: Winners from OPEC’s agreement to cut production
This post originally ran on my subscription site JubakAM.com on December 1. The entire energy sector was up Wednesday on OPEC’s agreement to cut production–but not every stock rose to the same degree. I think these themes defined the way that the market...Next week it's oil, oil and more oil earnings. To know where the industry is going, forget profits and look at capital spending
Exxon Mobile (XOM). Chevron (CVX). Royal Dutch Shell (RDS.A). BP (BP). ConocoPhillips (COP). Noble Energy (NBL) Apache (APA). Petro-Canada (PCZ). All these production companies report quarterly earnings next week. Add in drilling equipment and oil service companies...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!