April 18, 2019 | Daily JAM, Morning Briefing |
Today the weekly Baker Hughes report on the number of working oil and natural gas rigs in the United States showed a total drop of 10 rigs to 1012 with 8 fewer oil rigs in operation and 2 fewer natural gas rigs.This is the seventh weekly decline in working rigs in the last nine weeks.
April 16, 2019 | Daily JAM, Special Reports |
When I set out to research and write my recent Special Report Five Sector Facing Disruption That Could Crush Your Portfolio I wanted to focus on the "destruction" side of the process of "creative destruction" that makes up economic growth in our capitalist system. The...
April 12, 2019 | Daily JAM, Morning Briefing, PXD |
Chevron (CVX) has agreed to buy Anadarko Petroleum (APC) for $33 billion in cash and stock. On the news shares of Anadarko are up 32.5% to $61.85. Shares of Chevron are off 4.91% to $119.81. Measured by oil and natural gas production, the deal puts Chevron...
April 11, 2019 | Daily JAM, Special Reports |
As Monty Python's Flying Circus so memorably admonished, Nobody ever expects the Spanish Inquisition. But investors should expect disruption. Thanks to the missionary work of Austrian economist Joseph Schumpeter, Wall Street, capital markets, and investors all know...
March 20, 2019 | Daily JAM, Stock Alerts, XOM, You Might Have Missed |
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...
February 6, 2019 | Daily JAM, Morning Briefing, Short Term |
The oil markets keep waiting and waiting and waiting for oil inventories to show that the OPEC + Russia production cuts have balanced oil supply and demand. And they'll have to wait at least another week according to figures on U.S. oil inventories from the U.S....
December 13, 2018 | Daily JAM, PXD, Stock Alerts |
We all know that companies can authorize stock buybacks and never carry them out, but, nonetheless the big new buyback program authorized by Pioneer Natural Resources (PXD) is a significant sign that of the company's confidence in its cash flow. (As well as an...
December 10, 2018 | Daily JAM, Volatility, WST, You Might Have Missed |
U.S. stocks after being deep in the red this morning, came roaring back this afternoon. Or at least technology shares did. The Standard and Poor's 500, which had been as low as 2583 today, climbed back to close at 2637. The swing from high of the day to low was a huge...
December 6, 2018 | Daily JAM, Short Term |
Even in the current context where countries announce major agreements but no one knows what the details might be, OPEC's decision to announce a cut in production without any agreement on the size of the cut or who will cut production by how much stands out. There is...
November 8, 2018 | Daily JAM, Stock Alerts |
On Monday, after the close of the New York market, Permian Basin oil shale power Pioneer Natural Resources (PXD) reported third quarter earnings of $2.07 a share, 39 cents a share above the Wall Street consensus projection. Revenue climbed 112.2% year over year to...
October 9, 2018 | Daily JAM, Short Term, Volatility |
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September 24, 2018 | Daily JAM, Mid Term |
Today oil prices breached levels that have oil traders talking about $100 a barrel oil again on OPEC's decision at its weekend meeting not to boost oil production. U.S. benchmark West Texas Intermediate climbed 2.15% as of noon today, September 24, to move solidly...
