Shell Makes Massive Discovery

Royal Dutch Shell (RDS.A, RDS.B) announces one of its largest U.S. Gulf of Mexico exploration discoveries in the past decade from the Whale deepwater well. Shell says the well encountered more than 1,400 ft. of oil bearing pay and appraisal drilling is underway to...

Chevron Makes A Major Find

Chevron (CVX -0.4%) says it made a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico in the Mississippi Canyon area. CVX says the initial Ballymore well reached total measured depth of 29,194 ft. and encountered more than 670 ft....

Halliburton: Bullish on Oil Prices

Halliburton (HAL) is a strong choice for an oil service stock, and is our second choice behind competitor Schlumberger (SLB) long-term. Halliburton, much like it competitors in the sector, had been battered up until 2017, when the oil market started turning. We had...
Oil Prices: What Is Going On Here?

Oil Prices: What Is Going On Here?

  Oil prices eased on Tuesday after hitting highs in early trading not seen since 2014, as major pipelines in Libya and the UK restarted and U.S production soared to the highest in more than four decades. It was the first time since January 2014 that the two...
Natural Gas: Extreme Caution Trades

Natural Gas: Extreme Caution Trades

While significant sums can be made in a short time period in the United States Natural Gas Fund (UNG) and in the very risky VelocityShares 3x Natural Gas ETN (UGAZ), they are actually terrible investments. UNG is severely prone to negative impacts from contango given...