Why Is Lucas Oil Getting Traction When PTRC Has Better Assets?

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 …

Micro Cap Lucas Oil Traded at +500% – OG Market’s Micro Cap Insight

Lucas Oil   Via our previous article: Lucas Energy, Inc. (NYSE: LEI) shares traded higher by 500 percent at one point on Thursday after beginning the day below $2 per share. In a press release, the company said it has signed a purchase agreement for undeveloped properties from 21 different entities, including two blocks of land …

Investors Go Crazy Over Lucas Energy

Lucas Energy, Inc. (NYSE: LEI) shares traded higher by 500 percent at one point on Thursday after beginning the day below $2 per share. In a press release, the company said it has signed a purchase agreement for undeveloped properties from 21 different entities, including two blocks of land in the Mid-Continent region. The issue, …

Prospects For The Oil Market – What Is Market Structure Telling Us As We Head Into 2016?

Summary Market close to December 2008 lows. Term structure. Refining spreads. Quality/location spreads. Divergence with XLE. It has been a rough year for the energy markets in 2015. Crude oil opened in January of this year at over $50 per barrel on the active month NYMEX crude oil futures contract. There was some wild volatility …

The Most Irrational Oil Fear

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 …

The Right Kind of Oil Company to Own in This Market – All Cash

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 …

Inside Oil’s 9% Rise

Summary Oil prices soared this past week, driven largely by great news coming from the EIA. Although not every indicator (think production) was bullish, the drop in inventories was impressive and shows signs of potential capitulation. Add to this the drop in the Baker Hughes rig count and investors should remain more bullish than bearish …

The Bottom In Oil

Summary Political events in the Middle East are moving the Saudi/Gulf way. I believe there is an agreement to patch things up. This will lessen the Saudi/Gulf need to use the oil weapon. Back on December 14, I wrote on by blog The Commodity Strategist: “It is unrealistic to think that the Saudis and their …

Effects of removing U.S. crude export restrictions depend on price, resource assumptions

Source: U.S. Energy Information Administration, Effects of Removing Restrictions on U.S. Crude Oil Exports For the next two weeks (Dec. 21–Dec. 31), Today in Energy will feature a selection of our favorite articles from 2015. Today’s article was originally published on Sep. 2, 2015. A new study by the U.S. Energy Information Administration (EIA) on …

WTI, Brent crude reach parity

Another big day for oil prices! West Texas Intermediate on Tuesday settled at a premium to its global counterpart Brent crude for the first time in more than five years, and the spread between the two benchmarks is now nonexistent. While the lifting of the U.S. oil export ban and a surprise dip in inventories …