Tag: Chevron (CVX)
Exxon Mobil $XOM Is Breaking Out!
Exxon Mobil $XOM Is On A Roll… Bulls are pushing back in the oil market… Word of an output freeze amongst the world’s largest oil producing countries sent West Texas Intermediate (WTI) spiking 8% in yesterday’s trading session. While the development is certainly a step in the right direction, it won’t immediately solve the oversupply […]
Chesapeake Energy: Another One Bites The Dust?
Is Chesapeake Energy Headed To Bankruptcy Court? Things are quickly going from bad to worse in the US energy space… Case in point, shares of one of the largest natural gas producers in the US sank 50% in yesterday’s trading session. Chesapeake Energy $CHK plunged as low as $1.55 a share as panicked investors ran […]
Is A Surprise Russia/OPEC Production Cut Looming?
With crude diving into the mid-$20 a barrel range in recent trading, it’s abundantly clear investors are still focused on the global oil glut. Recent estimates from the International Energy Agency (IEA) suggest the global market was oversupplied by around 2.6 million barrels per day at the end of 2015. But when you add the […]
Three Oil Stock Charts To Watch Closely…
Watch These Oil Stock Charts Closely… After a failed breakout attempt in early October, West Texas Intermediate (WTI) crude has fallen back into the same shiftless trading pattern that’s been in place since early September. In fact, the closely watched commodity is currently trading at the same price it was two months ago… $46 a […]
Is This Crude Oil Rally For Real?
Is This Crude Oil Rally For Real? No doubt about it, last week’s market action was some of the craziest we’ve seen in years. From Monday’s eye-popping 1,000 point DOW downdraft to Wednesday’s scorching 600 point rally, the equity markets literally went crazy. But while equity markets were stealing the headlines, something very important happened […]
Want The Best Oil Stocks? Look No Further…
Has Oil Bottomed? No doubt about it, this was an exciting week for the energy markets. As you may be aware, the price of West Texas Intermediate (WTI) crude surged to $54.24 on Wednesday. That’s a 20% rally from the January 29th low – a one month high. Not surprisingly, this week’s rally has energy […]
Commodity ETF Inflow/Outflow: Investors Pile Into Gold Miners…
No doubt about it, the upcoming week is very important for commodity ETFs… With Ben Bernanke ready to update investors on the Fed’s tapering plans this Wednesday, investors spent much of last week adjusting their portfolio’s hard asset exposure. Here’s where commodity ETF investors placed, and pulled, the most money for the week of June […]
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