October 20, 2020 | Daily JAM, PE, Stock Alerts |
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...
June 12, 2020 | Daily JAM, PE |
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...
October 15, 2019 | Daily JAM, PE, Stock Alerts |
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...
August 15, 2019 | Daily JAM, DG, HDB, ITUB, Mid Term, WMT |
Today night I added Step #2 to my Special Report 5 Is Your Portfolio Ready for the Next Big? The post below is a cut and paste of the material I added to the Special Report. I'm posting it separately here to make it a bit more accessible. (In the full Special Report...
August 7, 2019 | Daily JAM, Stock Alerts, Volatility |
Shares of Permian Basin oil shale producer Parsley Energy (PE) were up 16.45% as of 3 p.m. New York time this afternoon. The company reported second quarter earnings of 32 cents a share (after adjusting for a one-time tax-related gain). Unadjusted earnings came to 41...
July 2, 2019 | Daily JAM, Morning Briefing, Short Term |
A day after OPEC agreed on a deal to extend current production cuts until March 2020, Russia and nine other non-OPEC producers agree to a matching nine-month extension of supply cuts. In some oil markets, the news would have sparked a rally in oil prices. Less supply...
June 24, 2019 | Daily JAM, PE, Stock Alerts |
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....
June 18, 2019 | CTVA, Daily JAM, Special Reports, Volatility, You Might Have Missed |
This isn't  time for investing as usual. As whacky as the first half of 2019 has been--the Federal Reserve embraces interest rate cuts, the U.S. and China descend further into a trade war, the U.S. economy turns in better than 3% growth but fears for a slowdown in...
June 13, 2019 | Daily JAM, PE, Stock Alerts |
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....
June 13, 2019 | Daily JAM, Morning Briefing, PE |
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...
May 23, 2019 | Daily JAM, You Might Have Missed |
The combination of a big build in U.S. crude inventories this week and fears that the escalating U.S.-China trade war will slow global economic growth (and global oil demand) took a big whack out of oil prices and oil stocks today. The U.S. Energy Information...
April 25, 2019 | Daily JAM, Morning Briefing, PXD |
The battle for control of Anadarko Petroleum (APC) and its huge position in the oil shale geologies of the Permian Basis isn't over. Yesterday, Wednesday,  Occidential Petroleum (OXY) made a renewed bid to acquire Anadarko. The 50%/50% stock and cash offer from...