Adding Equinor as another energy play to my Jubak Picks Portfolio tomorrow
Today, Wednesday, February 8, Equinor (EQNR) reported a record $74.9 billion adjusted operating profit for 2022. That more than doubled the previous record. Fourth quarter adjusted earnings edged higher to $15.06 billion from $14.99 billion but easily topped the...
OPEC+ “considers” cutting oil production and oil and oil stocks surge today
All it takes is a report that OPEC+, the group of oil-producing countries that includes Saudi Arabia and Russia, is considering a big cut in production at its meeting this week to send oil and oil stocks off to the races. As of noon New York time, on Monday, U.S....
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...
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...
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...
Sell Equinor after oil recovery and dividend date
Oil prices have bounced back big time and with them the prices on oil stocks. I still think the long-term trend is against oil producers as efforts to combat global warming lead to lower consumption of fossil fuels. Equinor (EQNR), Norway’s state oil company,...
Oil prices stall as Norway settles oil workers strike
Even as Hurricane Delta bears down on the Gulf Coast, oil prices fell today on news that oil workers in Norway had settled a strike that had shut down about 8% of the country’s production. The settlement will restore production at six fields already shut down by the...
Norway’s Equinor oil company invests in Bill Gates’ cobalt mapping startup
Norwegian oil company Equinor (EQNR) has decided to take a 10% stake in start-up Kobold Metals. Kobold’s aim is to apply artificial intelligence to big subsurface data to create what it calls a “Google Maps” of the Earth’s crust that will...
Oil gains on Trump-Xi “success, Russia-Saudi “deal,” and actual production cuts from Alberta
As of 2:30 p.m. New York time U.S. benchmark West Texas Intermediate was up 3.04% to $52.48 a barrel. International benchmark Brent crude gained 2.84% to break back above $60 a barrel at $61.15. Part of the reason for the gain is a general sigh of relief that the...
Oil sells off as Hurricane Michael goes from “rumor” to “fact”
Today’s drop in oil prices looks to me to be a classic buy on the rumor sell on the fact trade. U.S. benchmark West Texas Intermediate dropped 2.81% today to $72.85. International benchmark Brent crude fell 2.68% to $82.72 a barrel. Yesterday oil moved up as...
Oil moves higher today on Hurricane Michael, IEA supply warning
U.S. benchmark West Texas Intermediate crude climbed 0.7% today to close at $74.81 a barrel. International benchmark Brent crude rose 1.23% to $84.94 a barrel. The International Energy Agency warned of what it termed a “risky situation; the oil markets are...
Oil surges on no action at OPEC meeting
Today oil prices breached levels that have oil traders talking about $100 a barrel oil again on OPEC’s decision at its weekend meeting not to boost oil production. U.S. benchmark West Texas Intermediate climbed 2.15% as of noon today, September 24, to move...
Book keeping changes: Statoil (STO) changes its name and ticker to Equinor (EQNR)
A change in the name and ticker of portfolio holding Statoil (STO). The explanation offered by the company is that it wanted to remove “oil” from its name to better reflect the company’s increasing emphasis on other forms of energy including wind...Jim’s Daily Email Alerts:
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