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A weekly Saturday financial show that attempts to predict market direction for the week ahead by looking at a variety of fundamental and technical charts. This (Read More….)
February 8, 2017: General Electric’s stock has formed an oversold flush candlestick today on a positive mention on Mad Money today.
Visal Leng said on CNBC’s Mad Money today that the power business will have a great 2017 and that oil and gas have been the biggest drain on the company.
February 7, 2016: (Read More….)
February 5, 2017: Sell Sanchez Energy for a 19.7% win. Congratulations if you were able to make money on this trade.
January 15, 2017: Sanchez Energy with Blackstone Energy Partners bought Eagleford shale assets worth $2.3 billion. At the end of the fourth quarter of 2016, sales volumes from these Eagleford shale assets totaled (Read More….)
January 22, 2017: Gulfport Energy stock looks cheap, trading at a forward P/E of 19.19. Gulfport Energy reported Q4 net production last week, and the numbers were great. Q4 net production 787 MMcfe versus the 643.8 MMcfe estimate y/y, +7% q/q, +22% y/y.
January 20, 2017: Wolfe Research raised Gulfport Energy to a Buy rating, (Read More….)
The NYSE just released the margin debt number for November 2016. Margin debt came in at $500,442 ($ in millions) for the month of November which favors the Bulls.
The margin debt is approaching resistance of $501,125 ($ in millions) hit in September 2016, and $507,153 ($ in millions) hit in April 2016.
Rising (Read More….)
There has been heavy insider buying in Gran Tierra Energy that began on November 9, 2016. On November 29, 2016, Director David Smith bought $90,000 worth of stock. Also on November 29, 2016, Susan Mawdsley bought $60,000 worth of stock. Again on November 29, 2016, Officer (VP, Investor Relations) Rodger Trimble bought $37,500 worth of (Read More….)
The increased volatility that we have been waiting for finally arrived last week as institutional traders clean house as they return from summer vacations. Corporate debt offerings surged as company’s looked to roll over financing costs ahead of a potential Fed rate hike by the end of the year. The August ISM Services reading hit (Read More….)
The world’s largest funds are sovereign wealth funds used by countries to run an entire government and to provide social welfare programs for the people. Back in January of 2015, I wrote about the drop in the price of oil impacting sovereign wealth funds here.
It was inevitable that if oil did not recover quickly, (Read More….)
I just can’t get behind the idea that consumers are saving so much money at the pump that it’s going to be a boom for consumer spending. Savings at the pump boosting consumer spending is the same claim that the mainstream financial media has made for the last two years. The Wall Street Journal writes…
Matt Smith of ClipperData was on CNBC today, and I started choking in shock over what he said about how oil tankers are building up off Singapore because nobody has enough room to store all the oil.
In the U.S., Matt Smith said, we are seeing an oversupply of gasoline where they are turning gasoline (Read More….)