Today’s buyout of Ryland Oil (RYL-TSX) by Crescent Point Energy (CPG-TSX) is a good example of how large “resource plays” can get valued by investors.  CPG paid $121.8 million, or roughly $0.45/share for Ryland. But back in 2006, when the mania of the emerging Bakken oil play in North Dakota and...
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It’s been a crazy week for gold, oil and the SP500 again…. Since the market top in April we have seen large moves almost EVERY day in the market. I would say this is one of the toughest times for traders as you must be very quick to enter and exit...
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Few investors realize that one sector of the heavy oil market is the most profitable oil in all of North America – it’s called cold flow heavy oil.  Think of it as light heavy oil, thick and gooey enough that it needs a pump to get out of the ground, but...
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Matt Simmons, founder and chairman emeritus of Simmons & Co., talks with Bloomberg's Mark Crumpton and Lori Rothman about BP Plc's leaking oil well....
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We’ve spent most of our “ink” over the past three months detailing how the government’s giant “E-Z-Credit” program is pushing up the price of nearly every asset imaginable. This makes life difficult for the contrarian trader, who looks for cheap, beaten-down assets to buy. One of the few ideas we can...
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By Keith Fitz-Gerald, Chief Investment Strategist, Money Morning U.S. President Barack Obama generated a lot of hubbub with his decision to open up parts of the Atlantic Ocean and Gulf of Mexico to oil drilling. We’ve all heard the criticisms that some of the geological surveys are as much as 30 years...
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It’s no April Fools’ joke. The U.S. east coast is now officially open for drilling. Yesterday, the Obama administration announced comprehensive new regulations on offshore oil and gas drilling. Potentially opening some significant new acreage previously off limits to the petroleum industry. Under the plan, the outer continental shelf along the southern Atlantic...
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Great lease sale for the U.S. Gulf of Mexico last week. The Central Gulf of Mexico Oil and Gas Lease Sale 213 attracted 642 bids from 77 companies on 468 lease tracts. Most impressive was what these companies paid. High bids for the round came in at a total $949 million. That’s up 35% from the...
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Last week was nothing special as stock market continued to drift higher on light volume and the Volatility Index (VIX) reaching a new multi year low. This mix of higher prices on light volume, multi year lows in the VIX and an overbought market paints a clear picture to a market technician – Be...
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This isn’t the first time that I’ve written about Canada, a well-run country that has avoided many of the mistakes made by the United States. Its budget deficit is moderate, its balance-of-payments deficit is also small, its banking system is in pretty good shape and it faces...
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