I’m selling Exxon Mobil out of my Dividend Portfolio as part of my annual portfolio rebalancing
I'm part way through the annual rebalancing of my Dividend Portfolio (with other portfolios to follow.) The initial stage of that process requires a close look at which of the stocks in the portfolio I'd like to keep for another year (based on their prospects for the...
Making Cheniere Energy my #8 pick in my Special Report: 10 stocks for an earnings recession
At the moment everything is running Cheniere Energy's (LNG) way. Â And while natural gas remains a cyclical sector and subject to the ebbs and flows of the global economy, those catalysts are enough for me to make this the #8 pick for my Special Report: 10 stocks for...
Markets worry about everything this morning–especially bank and energy stocks
I dare you to find something global financial markets aren't worried about. And, moreover, many of the worries are re-enforcing each other today. So, for example, we've got U.S. Trade Representative Robert E. Lighthizer, saying on Sunday TV the the 90 day trade truce...Oil moves higher today on Hurricane Michael, IEA supply warning
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Trick or Trend: Will pain of the U.S.-China trade war stay focused on specific victims or spread to fear in the general market?
Our regular (or occasional or perhaps occasionally regular) Friday series ( actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Today,...
Selling Cheniere Energy out of my Jubak Picks portfolio on China trade war
Back when President Donald Trump and President Xi Jinping were best buds they announced a deal in principle that would expand Chinese purchases of liquified natural gas from the United States in general and Cheniere Energy (LNG) in particular. I think we can assume...
Oil soars on U.S. inventory report, supply fears
As of noon New York time today, U.S. benchmark West Texas Intermediate is up 3.30%. International benchmark Brent is ahead 2.41%. The climb follows on data from the Energy Information Administration showing a huge draw of 9.9 millions barrels in U.S. crude stockpiles...
Oil pushes over $70 a barrel on Iran sanction fears
With the May 12 deadline fast approaching for President Donald Trump to decide whether he thinks Iran is living up to the 2015 deal limiting its nuclear program, oil has moved decidedly higher. As of noon New York time today, West Texas Intermediate is up 1.19% to break the $70 level at $70.55 a barrel. International benchmark Brent crude is up even more, gaining 1.63% to $76.09 a barrel.
Little spillover (yet) from Concho acquisition of Permian producer RSPP
Today Concho Resources (CXO) announced the acquisition of RSP Permian (RSPP) to create the biggest  oil and natural gas producer from the shales of the Permian Basin. The $9.5 billion all stock deal represents a 29% premium to the Tuesday close for RSP Permian. That...
Projections for U.S. oil sale production call for faster, higher, longer
The International Energy Agency today said that “explosive growth” in U.S. oil production from wells in shale geologies is likely to extend beyond 2018. As you might just imagine, an oil market that is struggling to believe that current levels of production cuts from OPEC are enough to balance supply and demand didn’t react well to the “explosive growth” characterization. U.S. benchmark West Texas Intermediate fell 1.58% today
Saudis push OPEC to go for $70 a barrel
The goal was to cut production enough to reduce global oil inventories to their five-year average. The hope of the coalition of OPEC and Russia that reduction in production would get oil prices up to $60 a barrel. Now with that inventory reduction just about in place and with oil at $60 a barrel, the Saudis are pushing for further production cuts and a target price of $70 a barrel.
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