OilyGasMiner

Oil Breaks Below $60

I find it interesting that market forces and selling pressure has defeated OPEC’s efforts to cut supply to artificially boost prices. This is clear indication that we are heading deeper into a recession. The question is will continual supply reductions result in an upward movement of the price per barrel? Or will the market NOT react until the financial sector has been catered to by the new Obama regime? In either case NOW is a prime opportunity to take hold of undervalued oil equities, or perhaps the purchase of oil futures. I’ve been scoping the Canadian market for opportunities as I find that this will yield the greater return relative to the US. Their economy is more sound, and regardless of the notion that the contagion will tank their economy, we are finding that the opposite is true. They are many prospects trading below cash value that will result in a handsome reward for those who are patient and willing to wait. For Cdn I personally use the Canadian portal at www.stockresearchporta... that some of you might find helpful. Don’t get me wrong, I’m not saying to buy today, tomorrow, or next week. The key issue is that no one can foresee the bottom. No technical analyst or equity analyst for that matter. We are living in unprecedented times, and let’s face it, the majority of our market analysts ARE YOUNG. What does that mean? It means they have no experience of situations of this magnitude. We ought to get back to our history books and review the past trends during the depression and get ourselves properly educated to brace the stormy markets ahead. We must be patient, and we must be knowledgeable. Be prepared.

OPEC to Cut Production at Friday Meeting, but Will Prices React?

Kathy if OPEC's actions is not collusion, I don't know what is. What happened to "free market forces"? Prices will sharply rise relatively to the current levels next week. As their meetings are always in favour of the cartels and NEVER for the retailer. Why would they care? They only want to fatten their pockets. My question is: how do we get back at them?

Canada's Petro Canad reported increase in profits by 61% and the stock has only moved 5%. There are MANY plays like this out there. And to STICK IT to these colluders, I propose taking advantage of the mass undervaluation in the market. But, a word of wisdom. 1) be slow to act, as actions will have lengthy repercussions. 2) conduct proper due diligence ( don't be afraid to call an analyst, or share your ideas with a friend. 3) don't lose money.

Whither Canada's Tar Sands?

Let's not forget alternative energy.

Wrong board? NO.

Alternative, believe it or not is quite dependent on oil. How?

FUNDING. Alas. the Light. The majority of tax breaks and grants given to A-Energy companies are from the carbon taxes enforced on large oil producers.. eg. Exxon.

If oil companies are producing less... guess what? profits will be less... and... you GOT IT! the gov revenue from carbon taxes will be less, resulting in less funds and breaks given to alternative energy players.

Ironic isn't it?

Oil Bull Market on Hold, Demand Should Keep Growing

Credit and liquidity need to be fixed in order for anything to go back
up. This bear market will last a while... could be 2 years. Once the
financial institutions get their cash, they can free up some credit
which can help businesses. Businesses will spend, hire, and hopefully
stabilize unemployment in time. Common folks will need some time to
save up for their new car or a home due to tighter credit
requirements. So dunno how long everything will take to improve, but
only time can tell.

"Peak Oil Pundit" Predicts Rally to $500 a Barrel

Great post Will! When Rainwater & Pickens start speak highly of Simmons, you just have to listen. Well I mean how can you ignore someone whose made accurate predictions in the past? In either case its interesting to see Senators beginning to listen and take heed. I can’t fathom seeing crude at $500 with gas at $10/gallon… but given the state of the market, uncertainty.. collapse after collapse, I think this idea only becomes stronger each day in the minds of many investors, including myself.
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