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Hopes for a recovery in the United States stock market were dashed on Wednesday as investors’ deepening fears about the strength of the world’s largest economies drove another wave of selling. The 2.5 percent slide in the market’s main benchmark, the Standard & Poor’s 500-stock index, was the worst so far this year, and came …
We are pleased to announce a new audio interview with Stephen R. Brunner, President of Petro River Oil Corp. OTCPink: PTRC Mr. Brunner has over 30 years of experience in domestic and international operations in the exploration and production industry as well as extensive public company management experience. Since 2008, Mr. Brunner has served as …
Summary Since its introduction a month ago, Bottom of the Barrel Club members have seen significant equity and debt price declines. Already, two members declared bankruptcy, so additional companies are added and the list is expanded. Comparative equity price performance, as well as selected debt, enterprise and EBITDA figures are presented and analyzed. Comparative bond …
Crude oil fell for a fifth straight day en route to another 10% tumble on the week, despite data that showed a decline in active U.S. drilling rigs; traders are dismissing signs of slowing work because the reduction has not translated to lower production, WSJ reports. The world’s glut is likely to worsen in coming months …
Summary In 2008, both Goldman Sachs and John Kilduff saw $200 oil as a distinct possibility. For 2016, these same luminaries see $20 (or even $18). There has to be a better way to analyze the price of oil: certainly projecting extremes based on momentum is not working, except as an attention getting ploy. The …
LEI is an interesting buy, but it makes sense to look at another company, Petro River Oil, with a similar cash structure (4 million shares outstanding), but far better liquidity ($23.5m) and assets that even the majors like Chevron and Hess would own. The D drops next week and they’ve applied for uplifting. If a …
SINGAPORE, Dec 31 (Reuters) – A year ago, after oil prices had halved in six months, analysts were forecasting a price recovery in 2015 while many traders were busy shorting the market. As it turned out, the traders were correct and oil prices fell by another third this year. Analysts have now forecast a pick-up …
Summary Along with slowing demand fears and a persistent glut, there’s plenty of fear to go around concerning oil.One category that is being way overblown, however, relates to fears that oil storage is nearing full capacity.While oil inventories are hovering near all-time highs, the fact of the matter is that tanks aren’t even close to …
There are cash-rich companies in the oil sector sitting in a great position to take advantage of this generational collapse Do you think that most of the executives at American shale producers forgot that they operate in an extremely volatile and cyclical business? Or do you think they just believed that the cyclicality had come …
U.S. crude oil fell below $34/bbl for the first time since 2009 before settling with a $0.25 loss at $35.81, but January natural gas jumped $0.14 (+7.9%) to $1.19/MMBtu for the largest gains in nearly two months as signs of cold and stronger heating demand creep into forecasts. Gas had been down 25% in December …