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Energy & Commodities

Why Mexico’s Oil Reform Is A Huge Opportunity For Investors

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Posted by OIlPrice.com

on Tuesday, 22 November 2016 08:19

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When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.

Welcome to the ‘new’ Mexico, and welcome to the early stages of an oil and gas game that will be bigger—from an investor’s perspective—than anything in history.

...continue reading HERE

....related:

Canada Vows To Abandon Coal By 2030

As United States President-elect Donald Trump vows to revive the nation’s waning coal industry, the North American country’s northern neighbor announced new plans to speed up the abandonment of the powerful polluter.

....read more HERE



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Energy & Commodities

Crude oil bears state prices headed lower- Bulls-eye or Rubbish?

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Posted by Sol Palha - Tactical Investor

on Friday, 18 November 2016 04:59

Anxiety is a thin stream of fear trickling through the mind. If encouraged, it cuts a channel into which all other thoughts are drained. Arthur Somers Roche

2015 was a terrible year for oil and it looked like 2106 would even worse; oil dipped below $30.00 and all cockroaches (oops we mean analysts) started to state $10.00 oil was next. When we heard this nonsense, we penned an article titled will the crude oil price crash become even worse in 2016?

What you need to remember is that the oil market tanked suddenly, and this occurred while the Top Analysts were making calls for higher prices. Hence, just as the oil market collapsed when everybody was proclaiming higher prices, oil will probably stabilise sometime in 2016 as everyone expects it to keep crashing. 

In March of 2016, we reiterated our views in this article Mass Psychology predicted crude oil bottom 2016

Notice that the $30.00 price point level has held on a monthly basis. Oil has not closed below this important level on a monthly basis for two months in a row, and this has to be viewed a very bullish development. Our overall view is for crude oil to trend higher with the possibility of trading past the $55.00 ranges. In the face of extreme negativity, oil is reversing, just as it collapsed in the face of Euphoria. A weekly close above 35.00 will set the foundation for oil to trade past the main downtrend line and in doing so send the first signal for a move to the $50 plus ranges.

So what does the future hold in store for oil?

Oil traded as high as $51.34 so we did not fare too shabbily regarding our suggested targets for oil.

Before we continue, it appears less and less likely that oil will trade past $90.00 unless the investment bankers and oil companies collude to boost oil prices artificially. Every few months’ large fields of oil are being discovered; the latest find is in Texas.

One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of shale beneath West Texas. That is almost three times larger than North Dakota’s Bakken play.

The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” Walter Guidroz, coordinator for the geological survey’s energy resources program, said in the statement. : Full Story

Countries such as Saudi Arabia who depend almost entirely on oil are going to be in serious trouble. One positive development from this is Saudi will be forced to engage in less mischief; they are one of the biggest exporters of terrorism, and now that their coffers are running dry they are going to face lean times. These are not our views; an article penned in the New York Times strongly supports this line of thinking

The first American diplomat to serve as envoy to Muslim communities around the world visited 80 countries and concluded that the Saudi influence was destroying tolerant Islamic traditions. “If the Saudis do not cease what they are doing,” the official, Farah Pandith, wrote last year, “there must be diplomatic, cultural and economic consequences.Full Story

The chart below was the chart was used in the Jan 2016 article which we referred to at the start of this article. $65.00 represents the high-end target or extreme targets.

Crude oil Jan 2016



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Energy & Commodities

Clive Maund's Oil Market Update

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Posted by Clive Maund

on Wednesday, 16 November 2016 08:04

Also: Copper Calls Gold Bottom On Trumphoria Surge

Clive Maund's Oil Market Update published Tuesday Nov 15th

After the severe decline in the oil price in 2014 – 2015, which was partly motivated by the Neocon intention to crush the Russian economy as one prong of an asymmetrical warfare campaign that also involved sanctions and a military pressure, the price has marking out a potential base pattern since the middle of last year, as we can see on the 4-year chart for Light Crude shown below. The pattern is looking increasingly like an irregular Head-and-Shoulders bottom, and while it would obviously abort and the price break to lower levels in the event that a general market crash manifests, it is clear that the pattern has the potential to support a substantial bullmarket. This it is interesting to observe the strongly bullish action in copper over recent weeks, which points to a general commodity bullmarket taking hold next year, even if copper is short-term overbought and has signaled that it needs to take a breather. Whilst we can speculate about what may bring this on, it is clear that the election of Trump with his grandiose plans for rebuilding America is likely to be a big factor, although how he plans to finance all this is another matter – probably by means of “helicopter money”, which will mean increasing inflation and a commodity bullmarket, especially in gold and silver, that will also be positive for the oil price. For several months the price has been tracking sideways in a trading range bounded by the support and resistance shown, and right now it may be marking out a second Right Shoulder low of the prospective giant Head-and-Shoulders bottom. A clear breakout above the resistance at the top of this range will be a major technical event that will signal a new bullmarket in oil.

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....continue reading more and view the charts on the Oil Market Update HERE

...also read Copper Calls Gold Bottom On Trumphoria Surge



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Energy & Commodities

Trump Presidency Could Be Good For Canadian Oil

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Posted by OilPrice.com

on Monday, 14 November 2016 15:28

Canadian oil"If Trump stays true to his promise for energy independence, it won’t happen overnight, and the most logical alternative to OPEC imports would naturally be Canada. The U.S.’ northern neighbor has suffered a serious economic slowdown because of the international oil price rout."

....continue reading HERE

 

....also from Victor Adair & Michael Campbell: 

Live From The Trading Desk: Making Sense of a Wild Week



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Energy & Commodities

The Cannabis Sector after the Vote – Boom or Bust??

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Posted by Streetwise Reports

on Friday, 11 November 2016 15:13

Technical Analyst Clive Maund takes a look at the cannabis sector, and how the the election results for eight states, including California, might facilitate a massive boom. (published Nov 8th)

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Not only do we have the US elections today, we also have voting in eight states on the legalization of cannabis, including the all-important State of California, which just by itself is one of the biggest economies in the world. The outcome of this vote is of crucial importance to the future of this fledgling industry, although all the indications are that it will be favorable.



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