Reminder: Today is the deadline for selling to take tax losses in 2020
Sell today if you’re looking to sell to generate tax losses for 2020. After today, December 29, you can still sell but the losses will count for the 2021 tax year.
PE
Parsley Energy next oil shale domino to fall
A day after ConocoPhilips (COP) announced it would buy big Permian Basin oil shale play Concho Resources (CXO) for $9.7 billion, the Wall Street Journal reported that Pioneer Natural Resources, by some measures the biggest oil shale operator in the Permian Basin, is...
Oil shale drilling bust gets worse and nears all-time low
The number of active oil drilling rigs in the United Stats fell again this week, Baker Hughes reported today, with the number of active rigs falling for a 13th straight week. The Permian Basin of West Texas and New Mexico didn't escape the carnage even though...
Parsley Energy deal shows that low oil prices bring another twist to Permian acquisitions
Low oil prices mean low oil stock share prices mean the ability of mid-range producers to acquire smaller producers in the low cost, prolific Permian Basin is increasingly limited. Take Parley Energy's (PE) deal to acquire Jagged Peak Energy (JAG). At the Friday price...
Oil rallies on U.S. inventory drawdown, record U.S. exports, slip in U.S. production–and, oh yes, those pesky tensions with Iran
U.S. benchmark West Texas Intermediate crude is now up 10% for the week following on a 2.44% jump in price to $59.24 a barrel today. International benchmark Brent crude gained 1.94% to $66.31 a barrel. Continued tensions between the United States and Iran, of course,...
Adding Call Options on Parsley Energy–No. 7 in my Best Picks for 2019–to my Volatility Portfolio today
Today I'm adding Parsley Energy (PE) January 17, 2020 Call Options with a strike of $20 (PE200117C00020000) to my Volatility Portfolio. I'm jumping the line a bit here in my Special Report 10 Best Picks for the Last 6 Months of 2019 in buying these options today....
Adding Nektar call options to my Volatility Portfolio–again
Again. I'm adding the January 17, 2020 Call Options with a strike at $35 on Nektar Theraeutics (NKTR) to my Volatility Portfolio on JubakAM.com and JugglingWithKnives.com. (Ticker on these options is NKTR200117C00035000.) The underlying shares closed at $33.70, up...
I added Parsley Energy to my Jubak Picks Portfolio back on April 17–but neglected to post it to the portfolio
Back on April 17, I made Parsley Energy (PE) my first disruption in the oil sector pick in my Special Report on Disrupted Sectors. I didn't actually post that pick to the portfolio, however, and this post, excerpted from the Special Report, is a fix for that error....
Two more oil tankers attacked in Gulf of Oman; here’s how financial assets moved and which might be interesting ahead
For the second time in a month two oil tankers came under attack in international waters near the strategic Strait of Hormuz. One ship, a Japanese-owned tanker carrying methanol, was apparently attacked by limpet bombs attached to its hull or by a mine. The second...Jim’s Stock Alerts
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