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The Rest of the Story
The recent run up in oil prices has been cheered from Midland to Kuala Lumpur. Domestic oil and gas operators, especially those with large shale positions, hedged production and revived plans for new projects. However, “Oil Voice” recently carried an article by Alahdal Hussein in which the author presented his view regarding the OPEC production… Read More
$70 Oil in 2017?
“World Oil” reports that hedge fund manager, Pierre Andurand, predicts $60 oil by year-end and $70 in 2017. While this sounds quite optimistic, and one could certainly question some of Andurand’s assumptions, it should be remembered that he predicted the 2014 price collapse. According to Andurand, the Saudis think that low prices, and reduced capital… Read More
What Gas Surplus?
In a recent post on “Oil Voice”, securities analyst Keith Schaefer predicts higher natural gas prices, sooner rather than later, and presents his rationale. In March we had a gas glut. Inventories were over one trillion cubic feet per day (tcf). Prices reacted and remained much lower than originally expected. However, for the last 21… Read More
Backing off the Bakken
The Bakken shale sparked the shale revolution, transformed the economy of North Dakota, and shook global oil markets with an additional 1 million barrels of oil per day of production. Small and intermediate operators in the play were bought for tens of billions of dollars. Companies such as Continental Resources and EOG Resources were catapulted… Read More
Sand River’s Take
Sand River Financial Advisers issue a “Monthly Commentary” in which they share their perspective on the international and domestic oil markets. In the most recent issue they attribute the recent run-up in oil prices to the prospect of an agreement among major producing countries to limit output. Bulls see Saudi Arabia and other prominent OPEC… Read More
