Author Archive: Jordan Gleason

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Energy Markets Starting to Turn After Hitting Rock Bottom; Three Small Caps that Could See 100% to 200% Returns

Even midsized companies, with deep inventories of development locations, a growing production and cash flow base and with relatively strong balance sheets have been orphaned by investors. This has pushed valuations of most Canadian E&P companies to seemingly unprecedented lows, trading below even proven producing reserves (PDP), and at very low cash flow multiples never […]

President Trump’s Tariffs Threaten To Blunt America’s Booming Energy Sector

President Trump has been a boon to the U.S. oil and gas industry since he took office last January, but his tough stance on trade the couple of past month threatens to reverse the substantial progress that’s been made. Make no mistake, Trump’s tariffs on foreign steel and escalating trade tensions with China put America’s […]

Oil theft ‘costing Libya over $750 mn annually’

Fuel smuggling is costing Libya more than $750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said. “The impact of fuel smuggling is destroying the fabric of the country,” NOC president Mustafa Sanalla said according to the text of a speech delivered on […]

OPEC members talk up higher oil prices, and up they go

A surprise draw on U.S. crude oil inventories and the usual OPEC chatter sparked a major rally for crude oil prices in early Wednesday trading. After the price for Brent crude oil shot up nearly 2 percent in the first few trading days of 2018, Iranian Oil Minister Bijan Zangeneh recognized the support was in […]

OPEC Strategy Bears Fruit As Oil Prices Break Out

In late 2016 OPEC engineered significant oil production cuts in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil had crashed following a disastrous decision by the cartel in 2014 to defend market share. In contrast to the 2014 decision, this time OPEC’s strategy is having […]

Oil Rises to Three Year High as U.S. Inventories Fall

Oil prices rose to their highest level in over three years on Thursday as U.S. inventories fell and Saudi Arabia continued to push to production curbs. Crude oil futures rose 0.86% to $69.06 a barrel by 5:05 AM ET (9:05 GMT), its highest level since November 2014. Brent crude futures, the benchmark for oil prices […]

Oil Price Fundamental Daily Forecast – Traders Look to Add to Weekly Gains

U.S. West Texas Intermediate and international-benchmark Brent crude oil rallied to their highest level since late 2014 on Wednesday after a U.S. government report showed U.S. crude stockpiles declined last week and as traders continued to price in the possibility of supply disruptions in several key oil-producing nations. On Wednesday, June WTI Intermediate crude oil […]

Capitol Views: Critical budget vote approaches in House

House members are bracing to take one of the most important votes of this legislative year on Thursday—the 2018-2019 state budget—and the floor action should offer a preview of where the Legislature’s politics are headed. More urgently, the vote will foreshadow a special session—the sixth this term—where the governor will ask lawmakers once again to […]

Louisiana House GOP leaders seek votes for budget with cuts

Louisiana House Republican leaders are trying to rally enough votes to pass a budget for next year that contains steep cuts to health care services, with no help from Democrats and a veto threat from Gov. John Bel Edwards. The magic number is 53. That’s a majority of the 105-member House, the number of votes […]

The Rundown: It’s budget day in the House chamber; here’s the latest on efforts on harassment, gambling, weed and more

The Rundown: It’s budget day in the House chamber; here’s the latest on efforts on harassment, gambling, weed and more

Today in The Rundown: The state budget bill hits the House floor today! Here is the latest news on legislation dealing with sexual harassment, gambling, medical marijuana, disaster recovery, doctor misconduct and more. Be sure to sign up to get The Rundown in your inbox by filling out the form here. Countdown… Days until the 2018 […]