Oil Stocks

Terrible day for the markets yesterday… It all started with June crude oil futures down about $9.00 a barrel, the U.S. dollar up sharply and the precious metals down. June gold futures were down about $34.00 an ounce, bringing the metal back below the $1,500 level. There was…

Institutional investors will still be buyers of equities as the market pulls back. There’s just no other way to earn a decent return on investment that beats the rate of inflation. Any consolidation or correction in stock prices would certainly be a positive development for the long-run health…

Long-time subscribers know my fondness for stock price charts in determining future trends. I believe, most of the time, that the price of stocks are a leading indicator of what lies ahead, especially for individual stock sectors. Months before the turmoil in Egypt erupted, the price of oil…

The reputation, if it could be called so, of oils sands has been more about exorbitant costs and a dirty carbon footprint than about being a vast source of fossil fuel and associated profits. It seems that researchers have found a way to resurrect oil sands and, by…

Stocks are attracting some buying at this time, but I expect to continue to see some selling pressure should markets move higher. This is because the risk continues to be high, so there is little incentive. The decline in oil is helping stocks, but there is still a…

The high price of oil and gasoline is clearly making consumers drive less often. According to a weekly survey by MasterCard Incorporated (NYSE/MA), the demand for gasoline in the U.S. Has declined for 13 straight weeks, including a 3.3% decline in the latest week. The movement of gasoline…

With the price of oil and natural gas so high these days, more and more homeowners are looking for alternative ways to heat and cool their homes. Residents in the Northeast have particularly felt the pain of high oil prices, because a lot of homes still heat with…

The demand for small and fuel-efficient cars have been trending higher in concert with the surging oil prices, which recently traded at just over $135.00 per barrel on May 22. Oil prices are impacting the way consumers think about spending. With the average price of gas at $3.93…

With the high price of both oil and natural gas, it's pretty clear that a lot of people are looking for alternatives, not just for transportation but also for home heating. Even the price of firewood is going up because home heating oil (diesel fuel) is so expensive…

Market risk is rising not only due to credit and economic concerns, but also because the trend for oil and gasoline continues to move higher. The price of the light, sweet crude for May surged above $118.00 a barrel in electronic trading on the New York Mercantile Exchange…

Oil has been the hottest performing commodity, after trading near $100.00 a barrel a few weeks back. But after failing to break $100.00, oil has been on a downtrend, with traders taking some profits due to the extremely overbought condition. On Monday, the January light, sweet crude was…

Oil is one hot commodity these days, as I've said in previous commentaries. The trend is bullish and continues to trend higher in spite of overbought conditions. Once a strong trend is in place, it is difficult to trade against it. Dow Theory states that a trend stays…

I believe that the recent turmoil in the global financial markets is only a preview of what might happen if and when the credit and real estate market bubbles burst. As was the case with the rest of the world, Canada's stock markets tumbled more than anyone would…

Northwest Airlines Corporation (NYSE/NWA) emerged from Chapter 11 protection on Thursday. In fact, the airline sector as a whole is now a lot leaner and better equipped.  Since bottoming out in September 2005, the airline sector has been showing some optimism, but the trend has been largely sideways…

I wrote before in my column about how Alberta's oil sands -- while potentially the second-largest source of fossil fuel in the world -- unfortunately comes with a pretty steep price. Oil sands are a thick molasses of sand, rock, and oil mixed together into raw bitumen. For…

Oil prices rebounded with the basis April 2007 light sweet crude oil futures contract on the NYMEX, breaking over the $62 mark on February 27, 2007. However, it fell just below the key $60 level on March 5, 2007. In Asian trading on Wednesday morning, oil edged back…

Canadians living in the Province of Ontario have had a rather annoying situation to deal with recently, as they have had to experience a gasoline supply shock. The shortage was due to a fire that occurred at one of Imperial Oil's refineries last week, which caused a gas…