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....
Natural gas, corn, and wheat lead commodities higher today
At the close today, July 26, the Teucrium Corn Fund (CORN) was up 2.55% and the Teucrium Wheat Fund (WEAT) was ahead 4.11% Both of those commodity plays outgained the U.S. Natural Gas Fund (UNG) with its 1.38% move higher. But for consistent gains–and the...
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...
Buying U.S. Natural Gas Fund in my Jubak Picks Portfolio
I’m using the continued weakness in natural gas prices and in the U.S. Natural Gas Fund (UNG) to add the shares to my Jubak Picks Portfolio. The U.S. Natural Gas Fund was down another 5.90% today to close at $23.78. A fire at the Freeport LNG facility, which...
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...
I’m selling Kinder Morgan out of my Dividend Portfolio
Like many (most? all?) oil-related stocks Kinder Morgan (KMI), the operator of 70,000 miles of natural gas pipelines, has moved up strongly during the recent rally in the price of oil. The stock, a member of my Dividend Portfolio since February 24, 2016, has gained...
The squeeze on the U.S. shale patch just keeps getting worse–selling Cheniere Energy out of my long-term 50 Stocks Portfolio
The second quarter of the year is, historically, the weakest quarter for global demand for natural gas. That’s not a good forecast since the global glut of natural gas has already gotten so large that U.S. exporters of liquified natural gas have no place to send...
LNG from Cheniere dead in the sights of trade war with China–short term I’d think about selling; long term I’d just hang on
LNG (liquified natural gas) from Cheniere Energy (LNG) is one of the U.S. exports most in danger in the newest round of the U.S.-China trade war. Reflective of that the stock was down 3.57%, or $2.42 a share, as of 2 p.m. New York time, to $65.45. That has taken the...
More cash flow ahead for 50 Stocks pick Cheniere Energy
At the moment everything is running Cheniere Energy’s (LNG) way.  And while natural gas remains a cyclical sector and subject to the ebbs and flows of global growth, catalysts are very strong for this member of  50 Stocks Portfolio. Catalysts? Let me count them...
Cheniere Energy reports third quarter earnings below consensus but revenues show a strong beat–I’m raising my target price to $62
Yesterday Cheniere Energy (LNG) reported a loss for the third quarter of $1.24 a share, 74 cents a share worse that the Wall Street consensus. Revenue climbed 202% hear over year to $1.4 billion against Wall Street projections of $1.27 billion. Â The company also...
Chesapeake Energy lowers production forecast
Today, Chesapeake Energy (CHK), the second largest U.S. producer of natural gas, said that it expects to see production in the third quarter of 542,000 barrels of oil equivalent a day versus the previous estimate of 550,000. The company also lowered its forecast for...
Natural gas stocks up today on rise in LNG prices in Asia
Shares of natural gas producers and liquefied natural gas exporters climbed strongly today as prices for liquefied natural gas in Asia rose to s seven-month high in reaction to the damaged inflicted on Gulf Coast terminals by Hurricane Harvey. It didn’t hurt...
Chesapeake Energy beats and then shares drop–it’s tough being a natural gas stock right now
There’s really nothing wrong with Chesapeake Energy (CHK) that an increase in natural gas prices wouldn’t fix. Yesterday, August 3, Chesapeake reported second quarter earnings of 18 cents a share after subtracting one-time events. In the second quarter of...
One less worry hanging over shares of Jubak Pick Cheniere Energy
One worry hanging over shares of Cheniere Energy (LNG), the first company to get an unrestricted license to export liquified natural gas (LNG) to any country in the world, was what would happen if some of the customers that signed a long-term contract to buy LNG from...
Two big deals for Cheniere Energy
Cheniere Energy (LNG) has a significant first-mover advantage, I argued upon picking this stock for my Jubak Picks portfolio, since it was the first U.S. company to get a unrestricted permit to export liquified natural gas. Turning that advantage into revenue and...
Cheniere Energy pops on possibility of increased China exports
Earlier this week the Trump administration announced that it had reached an agreement with China to increase market access for U.S. energy companies. Today Cheniere Energy (LNG) noted that it has had extensive negotiations with Chinese state-owned companies about...
Long-term pick Chesapeake becomes a short-term trade too
On February 23 Chesapeake Energy (CHK) reported another big step toward break-even. The company’s net loss for the fourth quarter fell to $741 million (or 84 cents a share) from $2.23 billion (or $3.36 a share) in the fourth quarter of 2015. Investors were...
More asset sales, less debt, higher share price for Chesapeake
Today Chesapeake Energy (CHK), the second largest U.S. producer of natural gas, announced a deal to sell 78,000 acres in Louisiana’s Haynesville Shale for $450 million to Indigo Minerals. The deal brings Chesapeake’s asset sales in 2016 to $2 billion. The...
Buying opportunity to come? Chesapeake Energy tumbles on fears that Icahn will sell remaining stake
Update September 27, 2016 Earlier this month Carl Icahn cut his position in Chesapeake Energy (CHK) by more than half. Nothing to worry about for other shareholders, he said. The sale was for tax reasons. Well, today that “Move along. Nothing to see here”...
Update Chesapeake Energy
Update September 6. Today shares of Chesapeake Energy (CHK) climbed 3.03% to close at $6.80 in the first post-Labor-Day trading session. The shares finished 24.8% ahead in August. Part of this was thanks to the market. A weaker than expected report on the...Jim’s Daily Email Alerts:
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