HESS

Most technicals look poor

by

I find few stocks in our portfolio that look like they are headed higher in the immediate future.   Even though oil has had a sharp and steep decline, prices still look like they have room to drop.  The test will come soon though as many oil services and some oil stocks like Hess  are trading at 2008 nadir levels.  At some point soon, these stocks will rise on declining crude prices and signal some kind of trading bottom.  This is the only sector of the market that has had significant insider buying of late. Buying is picking up in … Read more

In North Dakota, Flames of Wasted Natural Gas Light the Prairie

by

In North Dakota, Flames of Wasted Natural Gas Light the Prairie By CLIFFORD KRAUSS 10:08 PM ET About 30 percent of the natural gas produced in North Dakota is burned as waste. Executives say they cannot afford to capture all the gas for now. via Business and Financial News – The New York Times.   It’s really a crime that this country burns off natural gas because we have no national energy policy to promote its use instead of importing foreign crude oil.  The jobs it could create building infrastructure, refitting vehicles, and extracting are estimated to be in the … Read more

What we did today

by

We like domestic energy plays in the U.S, which means natural gas, coal, and oil in the Baaken and Gulf of Mexico.   They are all getting crushed on the China slow down syndrome but in reality currently ship little to China.  Exports represented 7.5 percent of production in 2010.  Natural gas exports were negligible. We bought come coal miners, Arch Coal, more Alpha Natural, Hess and Chevron. ANR reached a low of $16.80 in March of 2009.  We closed at $19.91 today down from $65 at the beginning of the year.  Arch Coal reached a 2009 low of $15.20.  It’s there again … Read more