I raised cash after selling part of my Amaya position (I bought back some, as I said on StockTwits). To let you know: I already spent that cash on Gear Energy last week. My quick calculations were right: Gear Energy is cheap. I will be looking for a solid balance sheet just in case the […]
14 million barrels are gone from commercial stocks. U.S. liquids inventory are at record high. OECD non-U.S. liquids inventory are slightly above normal. Data is hard to come by, contributing to the confusion. Click here to read the entire article on Seeking Alpha.
Each oil producers’ fortune differs depending on fundamentals. Demand is still extraordinarily high. Inventory remains very high, especially in the U.S. U.S. shale oil and to a lesser extent Russia are emerging as winners. Click here to read the entire article on Seeking Alpha.