Oil has been on a strong run upward recently, and for good reason. The world is paying close attention to supply cuts from OPEC and non-OPEC member nations. However, many experts have pointed out that the oil supply cuts would not be an end-all, be-all for oil. In fact, they have been warning that the cuts may not be enough to cause long term change in the sector. Now, it looks … [Read more...]
Watch Oil Closely in the New Year
Oil has been an incredibly interesting commodity to watch throughout the year 2016. For most of the year, the commodity was trading at crisis levels as the world worked to find a solution to the oil supply glut. However, more recently, we've seen strong gains in the commodity, pushing several stocks skyward and creating incredible opportunities in the market. Now, we're heading … [Read more...]
Royal Dutch Shell (RDS.B) Stock: Is the Dividend Safe?
Royal Dutch Shell (RDS.B) on the New York Stock Exchange) looks to be a fairly strong blue-chip company with a massive market cap of $217 billion. It is by far the biggest publicly traded company that's headquartered in the United Kingdom. Shell explores for and extracts crude oil, natural gas and natural gas liquids. It also liquefies and transports gas all around the … [Read more...]
Oil Price Rallies as OPEC Agrees to Cut Production
Back in 2010 it seemed like there was not enough oil to go around. Political and military conflicts in places such as Libya and Iraq were creating supply constraints for oil in the middle east. Many countries had to use up their stockpiles and some were even nearly depleted. The price of crude skyrocketed to around $100 per barrel. Many people thought that oil would continue to … [Read more...]
Enbridge (ENB) to Buy Spectra Energy (SE)
Canadian pipeline operator Enbridge Inc. (ENB) on Tuesday agreed to buy Spectra Energy Corp. (SE) based out of Houston in an all-stock deal valued at about $28 billion US. This deal would create a North American energy-infrastructure giant at a time when growth is challenged by lower oil and gas prices and more stringent regulatory rules. Enbridge mainly distributes gas but is … [Read more...]
