There’s an energy crisis brewing that’s off virtually everyone’s radar. It will be so severe, so disruptive that it will cause a shocking rise in the cost of power around the world.
And at the same time create a contrarian investing opportunity for the history books.
Russia is at the forefront of this budding crisis, which will begin in earnest when the Megatons to Megawatts agreement with the U.S. ends.
That happens in just a few short months, giving you very little time to position yourself......Read the entire Casey Research report and article.
The Bible for Commodity Traders....Get our FREE eBook Today!
Trade ideas, analysis and low risk set ups for commodities, Bitcoin, gold, silver, coffee, the indexes, options and your retirement. We'll help you keep your emotions out of your trading.
Thursday, May 9, 2013
The Energy Shortage Most Investors Don't Know About
Trading Commodities with any Size Account
So many traders shy away from trading commodities because their account balances are just to small to buy and sell oil contracts. They think the only option they have is to buy and hold the most popular ETF's like GLD, SLV or USO. But that couldn't be further from the truth. The guys at Trading Concepts have developed a system that can earn you a regular pay check trading commodities....and equities and currencies as well, no matter what size account you have.
And when we think about why you didn't enroll the last time this course was offered, the only reasons I can come up with is you're either not interested in learning how to make monthly income trading options [with any size account] or, you simply couldn't afford it.
When our trading partner Doc Severson closed OptionsMD, he received a number of inquiries from people who said they would have loved to have been a part of the mentoring program, but couldn't afford the investment.
With college tuitions, saving for retirement, increasing job loss, mounting debt, and many other concerns, Doc's always taken pride in being a part of the solution.
So in a last minute effort to help those who are struggling with getting results, but are committed to change their financial situation with options, Doc has reopened OptionsMD until midnight tonight with one big change.
You still get all the mentoring, bonuses, and the one year performance guarantee. But, now you can get all of this with a new payment plan and a much lower monthly investment.
Only open until midnight tonight..... Click to enroll today
See you in the markets,
Ray C. Parrish
The Crude Oil Trader
Join our FREE Newsletter Today!
Make sure to get our FREE eBook, the bible for any gold, oil and commodities trader
And when we think about why you didn't enroll the last time this course was offered, the only reasons I can come up with is you're either not interested in learning how to make monthly income trading options [with any size account] or, you simply couldn't afford it.
When our trading partner Doc Severson closed OptionsMD, he received a number of inquiries from people who said they would have loved to have been a part of the mentoring program, but couldn't afford the investment.
With college tuitions, saving for retirement, increasing job loss, mounting debt, and many other concerns, Doc's always taken pride in being a part of the solution.
So in a last minute effort to help those who are struggling with getting results, but are committed to change their financial situation with options, Doc has reopened OptionsMD until midnight tonight with one big change.
You still get all the mentoring, bonuses, and the one year performance guarantee. But, now you can get all of this with a new payment plan and a much lower monthly investment.
Only open until midnight tonight..... Click to enroll today
See you in the markets,
Ray C. Parrish
The Crude Oil Trader
Join our FREE Newsletter Today!
Make sure to get our FREE eBook, the bible for any gold, oil and commodities trader
Labels:
commodities,
Doc Severson,
gld,
gold,
income,
money,
Oil,
options,
OptionsMD,
slv
Monday, May 6, 2013
How to Trade Gold, Silver & Precious Metal Miners....It's not that Difficult!
How to trade Gold and other precious metals related investments is not that complex. But you must be willing to wait for price to provide low risk entry points before getting involved. Precious metals are like any other investment in respect to trading and investing in them. There are times when you should be long, times to be in cash and times to be short (benefit from falling prices).
Since 2011 when gold and silver started another major bull market correction the best position has been to move to cash or sell/write options against your positions to protect your investment until the next trend resumes.
If you take a look at the chart below of gold you will notice that in 2008 we had a similar breakdown in price which purged the market of investors who where long gold. And if you compare the last two breakdowns they look very much the same. If price holds true then much higher prices are likely to unfold at the end of 2013.
The key here is for the price to move and hold above the major resistance line. If it can do that then we are looking at a possible breakout to $2600 – $3500 gold. With that being said gold and silver may just be starting a bear market. Depending what the price of gold does when my resistance level is touched, my outlook may change from bullish to bearish.
Also with last weeks economic numbers getting better in the USA I do have concerns that gold may be starting a bear market but we will not know for several more months yet.
How to Trade Gold Daily Technical Chart:
Major technical damage has been done to the chart of gold. This can be seen as bullish or bearish price action but until price and volume pattern unfolds which puts the odds on the bullish or bearish side I remain neutral.
How to Trade Silver Daily Technical Chart:
Silver is in the same position as gold. The question is if this is a shakeout or breakdown......
How to Trade Gold Mining Stocks Monthly Chart:
Gold mining stocks broke down a couple months ago and continue to sell off. If precious metals continue to move lower then mining stocks will continue their journey down. The chart below made in February and it has in most part played out as expected. While I do not try to pick bottoms (catch falling knives) I do like to watch for them so I am prepared for a new position when the time and chart become bullish.
How to Trade Gold, Silver and Mining Stocks Conclusion:
In short, precious metals continue to be in a down trend. While they look to be trying to bottom it is important to remember that the largest moves take place in the last 10% of a trend. So we may be close to a bottom but there could be sharply lower prices yet.
The time will come when another major buy or short signal forms and when it does we will be getting involved. The exciting part is that it could be just around the corner.
If you want to keep current and take advantage of the next major move be sure to join our free newsletter here.... Gold, Silver, & Mining Stock Trade Setups
Free eBook - Controlling Your Trades, Money & Emotions
Since 2011 when gold and silver started another major bull market correction the best position has been to move to cash or sell/write options against your positions to protect your investment until the next trend resumes.
If you take a look at the chart below of gold you will notice that in 2008 we had a similar breakdown in price which purged the market of investors who where long gold. And if you compare the last two breakdowns they look very much the same. If price holds true then much higher prices are likely to unfold at the end of 2013.
The key here is for the price to move and hold above the major resistance line. If it can do that then we are looking at a possible breakout to $2600 – $3500 gold. With that being said gold and silver may just be starting a bear market. Depending what the price of gold does when my resistance level is touched, my outlook may change from bullish to bearish.
Also with last weeks economic numbers getting better in the USA I do have concerns that gold may be starting a bear market but we will not know for several more months yet.
How to Trade Gold Daily Technical Chart:
Major technical damage has been done to the chart of gold. This can be seen as bullish or bearish price action but until price and volume pattern unfolds which puts the odds on the bullish or bearish side I remain neutral.
How to Trade Silver Daily Technical Chart:
Silver is in the same position as gold. The question is if this is a shakeout or breakdown......
How to Trade Gold Mining Stocks Monthly Chart:
Gold mining stocks broke down a couple months ago and continue to sell off. If precious metals continue to move lower then mining stocks will continue their journey down. The chart below made in February and it has in most part played out as expected. While I do not try to pick bottoms (catch falling knives) I do like to watch for them so I am prepared for a new position when the time and chart become bullish.
How to Trade Gold, Silver and Mining Stocks Conclusion:
In short, precious metals continue to be in a down trend. While they look to be trying to bottom it is important to remember that the largest moves take place in the last 10% of a trend. So we may be close to a bottom but there could be sharply lower prices yet.
The time will come when another major buy or short signal forms and when it does we will be getting involved. The exciting part is that it could be just around the corner.
If you want to keep current and take advantage of the next major move be sure to join our free newsletter here.... Gold, Silver, & Mining Stock Trade Setups
Free eBook - Controlling Your Trades, Money & Emotions
Sunday, May 5, 2013
OptionsMD Mentoring Program is Currently FULL!
We are proud to report that our mentoring program is full and our students are already paving their own roads to profitable trading.
Even though we are currently not taking any new traders for this particular program, I encourage you to sign up on our WAIT LIST just in case any seats open in the future.
If you want to secure your spot on the wait list and get notified if any spots open up, just enter your name and email at the link below.
See you in the markets!
Even though we are currently not taking any new traders for this particular program, I encourage you to sign up on our WAIT LIST just in case any seats open in the future.
If you want to secure your spot on the wait list and get notified if any spots open up, just enter your name and email at the link below.
See you in the markets!
Saturday, May 4, 2013
Stocks Preparing for Pullback, Buy Bad News, Sell the Good
The SP500 remains in a strong uptrend, but the index has posted a sizable gains for 2013 thus far so it’s only logical that a pullback within this bull market takes place sooner than later.
With May now upon us and historically prices fall more times than not we feel a 3-4 weeks correction is on the verge of starting. This Friday we just had very strong economic numbers confirming the economy is recovering. This news has sent stocks sharply higher as shorts cover their positions and investors who are not yet long get into position to profit from higher prices. But the herd psychology and their trades are typically incorrect as they invest based on fear and greed. The old saying is buy on negative news and sell on positive news will typically get you on the correct side of the market more times than not if used with price, volume and cycles.
The Technical Traders – SP500 Index Weekly Chart
If we look at the price of the SP500 we need it to breakdown below the recent pivot low before we become bearish. Volume which is not shown on this chart is below average as price moves higher and this is a bearish sign also.
Looking at a basic cycle using the stochastics indicator we can see that the current cycle is starting to turn down. Cycles tend to lead price during an uptrend so we could still have stocks move higher for another week or so but be aware that when price starts to drop its likely a market top. But until then you must respect the uptrend. Stocks can remain overbought and toppy looking for months… so done be gambling and trying to pick a top until we see breakdown start.
SP500 Stocks Trading Above 200 Moving Average – The Technical Traders View
Stocks trading above the 200 day moving average is a great indicator for helping spot broad market underlying strength/weakness. It does lag the market but is still very powerful. The chart below shows this info and my thinking of what is likely to unfold sooner than later though price may still rise for several days yet.
We also use a similar chart for timing swing trades and market tops which are based on stocks trading above the 20 day moving average. This chart is not shown here but is now trading at a level which generally triggers selling/market top.
Stock Market and SP500 Trading and Investing Conclusion:
In short, we are still bullish on the market as we focus on trading with the trend. We do not pick market tops and we do not pick market bottoms. Knowing that stocks make their biggest moves at the end of their uptrend and at the end of a down trend it’s only common sense that risk is extremely high if you are betting against the current trend.
The best thing to do is wait for a technical breakdown and reversal which puts the odds more in your favor with much less risk and typically a clear line in the sand to exit the position if you are incorrect.
The last major stock market top which formed in September of last year had a series of strong news and strong price action persuading the herd to buy stocks. Instead it was the last impulse wave up just before a strong correction took place. That is much like what we see now with the economic news.
Join our free newsletter and stay on right side of the market while reducing your trading/investing stress. My simple yet effective analysis walks you through the market each week without bias. Remember Price and Volume is what makes you money trading NOT news or forecasts.
Join our FREE Newsletter Today!
Check out our current specials for full subscription members.
With May now upon us and historically prices fall more times than not we feel a 3-4 weeks correction is on the verge of starting. This Friday we just had very strong economic numbers confirming the economy is recovering. This news has sent stocks sharply higher as shorts cover their positions and investors who are not yet long get into position to profit from higher prices. But the herd psychology and their trades are typically incorrect as they invest based on fear and greed. The old saying is buy on negative news and sell on positive news will typically get you on the correct side of the market more times than not if used with price, volume and cycles.
The Technical Traders – SP500 Index Weekly Chart
If we look at the price of the SP500 we need it to breakdown below the recent pivot low before we become bearish. Volume which is not shown on this chart is below average as price moves higher and this is a bearish sign also.
Looking at a basic cycle using the stochastics indicator we can see that the current cycle is starting to turn down. Cycles tend to lead price during an uptrend so we could still have stocks move higher for another week or so but be aware that when price starts to drop its likely a market top. But until then you must respect the uptrend. Stocks can remain overbought and toppy looking for months… so done be gambling and trying to pick a top until we see breakdown start.
SP500 Stocks Trading Above 200 Moving Average – The Technical Traders View
Stocks trading above the 200 day moving average is a great indicator for helping spot broad market underlying strength/weakness. It does lag the market but is still very powerful. The chart below shows this info and my thinking of what is likely to unfold sooner than later though price may still rise for several days yet.
We also use a similar chart for timing swing trades and market tops which are based on stocks trading above the 20 day moving average. This chart is not shown here but is now trading at a level which generally triggers selling/market top.
Stock Market and SP500 Trading and Investing Conclusion:
In short, we are still bullish on the market as we focus on trading with the trend. We do not pick market tops and we do not pick market bottoms. Knowing that stocks make their biggest moves at the end of their uptrend and at the end of a down trend it’s only common sense that risk is extremely high if you are betting against the current trend.
The best thing to do is wait for a technical breakdown and reversal which puts the odds more in your favor with much less risk and typically a clear line in the sand to exit the position if you are incorrect.
The last major stock market top which formed in September of last year had a series of strong news and strong price action persuading the herd to buy stocks. Instead it was the last impulse wave up just before a strong correction took place. That is much like what we see now with the economic news.
Join our free newsletter and stay on right side of the market while reducing your trading/investing stress. My simple yet effective analysis walks you through the market each week without bias. Remember Price and Volume is what makes you money trading NOT news or forecasts.
Join our FREE Newsletter Today!
Check out our current specials for full subscription members.
Labels:
bearish,
cycles,
gold,
newsletter,
Psychology,
Silver,
SP500,
stocks,
uptrend
Thursday, May 2, 2013
It's time for you to make a decision....are you in?
Whether you're trading commodities, stocks, futures, or the forex using Options to diversity your trading could be one of the most profitable decisions of your trading career and your families future. With Options, you can make money [even draw a weekly paycheck] if the market is trading sideways, up or down. And there are strategies with which you make money even if you're wrong at predicting the market direction.
Yes, it's true. And Doc Severson put together an entire mentoring program taking you by the hand and showing you how to make it happen. But it's the LAST time he's making this bonus package available this year and you only have 24 hours to get in.
It's the most comprehensive mentoring program available and it comes with a 1 Year, 100% Money Back Performance Guarantee, PLUS an extra $500 if you've taken this course seriously and still can't make it work for you. It's one of the few cases where I'd say it's truly a no brainer.
Click here to enroll today
In addition to all Doc's trading strategies, worksheets, and trading tools. He's also giving you his daily updates 5 days a week for an entire year. That's right, you get to see all of his trade picks including his exact entry price, exit strategy, and how he managed the trade. This alone is easily worth the price of the course. If not money.
Whether you get on board or not we'll see you in the markets. Are you going to be trading with us or against us?
Ray C. Parrish
The Crude Oil Trader
Get the OptionsMD Mentoring Program today!
Yes, it's true. And Doc Severson put together an entire mentoring program taking you by the hand and showing you how to make it happen. But it's the LAST time he's making this bonus package available this year and you only have 24 hours to get in.
It's the most comprehensive mentoring program available and it comes with a 1 Year, 100% Money Back Performance Guarantee, PLUS an extra $500 if you've taken this course seriously and still can't make it work for you. It's one of the few cases where I'd say it's truly a no brainer.
Click here to enroll today
In addition to all Doc's trading strategies, worksheets, and trading tools. He's also giving you his daily updates 5 days a week for an entire year. That's right, you get to see all of his trade picks including his exact entry price, exit strategy, and how he managed the trade. This alone is easily worth the price of the course. If not money.
Whether you get on board or not we'll see you in the markets. Are you going to be trading with us or against us?
Ray C. Parrish
The Crude Oil Trader
Get the OptionsMD Mentoring Program today!
Earnings season continues.....Royal Dutch Shell [RDS.A], Statoil [STO] and Plains Exploration [PXP]
Royal Dutch Shell [RDS.A] Chief Executive Officer Peter Voser commented: “Our industry continues to see significant energy price volatility as a result of economic and political developments. Oil prices have fallen recently but Shell is implementing a long term, competitive and innovative strategy against this volatile backdrop.”
“Shell's underlying CCS earnings were $7.5 billion for the quarter, a 2% increase in CCS earnings per share from the first quarter of 2012. These results were underpinned by Shell's growth projects, an improvement in downstream profitability, and were delivered despite a difficult security environment in Nigeria.”
“Our profits pay for Shell's dividends and investment in new projects to ensure affordable and reliable energy supplies for our customers, and to add value for our shareholders.”
“Shell is investing for profitable growth, whilst maintaining strong capital discipline. We are developing some 30 new projects and maturing a series of further opportunities for investment. So far this year, we’ve seen the growth impact of recent start ups and we took four final investment decisions in petrochemicals, deepwater, and LNG”......Read the entire Shell earnings report.
Statoil [STO] president and CEO Helge Lundfirst announced 1st quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. "We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 2013 will be lower than in 2012. We are on track to deliver 2 to 3% average annual production growth from 2012 to 2016 and production above 2.5 million barrels of oil equivalent per day in 2020," says Helge Lund, Statoil's president and CEO.
In addition to the expected lower production in the quarter, production was impacted by operational disruptions at Snøhvit, Troll and Peregrino. Statoil's net operating income was also impacted by a provision related to the Cove Point terminal in the US. Adjusted earnings [5] were down 28% compared to the first quarter 2012. The underlying cost development in the period is stable.
Statoil's cash flows provided by operating activities decreased by 19% compared to the first quarter of 2012, explained by the lower production and reduced prices......Read the entire Statoil earnings report.
Plains Exploration & Production Company (PXP) announces 2013 first-quarter financial and operating results. PXP reported first-quarter revenues of $1.2 billion and net income attributable to common stockholders of $22.6 million, or $0.17 per diluted share, compared to revenues of $524.3 million and a net loss attributable to common stockholders of $82.3 million, or $0.64 per diluted share, for the first-quarter of 2012.
The first quarter 2013 net income attributable to common stockholders includes certain items affecting the comparability of operating results. Those items consist of realized and unrealized gains and losses on our mark to market derivative contracts resulting in a net loss of $202.0 million due in large part to higher crude oil forward prices, a $15.5 million unrealized gain on investment in McMoRan Exploration Co. common stock, debt extinguishment costs of $18.1 million, and other items. When considering these items, PXP reports adjusted net income attributable to common stockholders of $139.6 million, or $1.05 per diluted share (a non-GAAP measure), compared to $77.0 million, or $0.58 per diluted share, for the same period in 2012.
A reconciliation of non GAAP financial measures used in this release to comparable GAAP financial measures is included with the financial tables. PXP's 2013 first-quarter daily sales volumes averaged 170.4 thousand BOE per day compared to 87.9 thousand BOE in the first quarter of 2012......Read the entire Plains Exploration earnings report.
Get the service fund managers rely on everyday.....OptionsMD is open!
“Shell's underlying CCS earnings were $7.5 billion for the quarter, a 2% increase in CCS earnings per share from the first quarter of 2012. These results were underpinned by Shell's growth projects, an improvement in downstream profitability, and were delivered despite a difficult security environment in Nigeria.”
“Our profits pay for Shell's dividends and investment in new projects to ensure affordable and reliable energy supplies for our customers, and to add value for our shareholders.”
“Shell is investing for profitable growth, whilst maintaining strong capital discipline. We are developing some 30 new projects and maturing a series of further opportunities for investment. So far this year, we’ve seen the growth impact of recent start ups and we took four final investment decisions in petrochemicals, deepwater, and LNG”......Read the entire Shell earnings report.
Statoil [STO] president and CEO Helge Lundfirst announced 1st quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. "We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 2013 will be lower than in 2012. We are on track to deliver 2 to 3% average annual production growth from 2012 to 2016 and production above 2.5 million barrels of oil equivalent per day in 2020," says Helge Lund, Statoil's president and CEO.
In addition to the expected lower production in the quarter, production was impacted by operational disruptions at Snøhvit, Troll and Peregrino. Statoil's net operating income was also impacted by a provision related to the Cove Point terminal in the US. Adjusted earnings [5] were down 28% compared to the first quarter 2012. The underlying cost development in the period is stable.
Statoil's cash flows provided by operating activities decreased by 19% compared to the first quarter of 2012, explained by the lower production and reduced prices......Read the entire Statoil earnings report.
Plains Exploration & Production Company (PXP) announces 2013 first-quarter financial and operating results. PXP reported first-quarter revenues of $1.2 billion and net income attributable to common stockholders of $22.6 million, or $0.17 per diluted share, compared to revenues of $524.3 million and a net loss attributable to common stockholders of $82.3 million, or $0.64 per diluted share, for the first-quarter of 2012.
The first quarter 2013 net income attributable to common stockholders includes certain items affecting the comparability of operating results. Those items consist of realized and unrealized gains and losses on our mark to market derivative contracts resulting in a net loss of $202.0 million due in large part to higher crude oil forward prices, a $15.5 million unrealized gain on investment in McMoRan Exploration Co. common stock, debt extinguishment costs of $18.1 million, and other items. When considering these items, PXP reports adjusted net income attributable to common stockholders of $139.6 million, or $1.05 per diluted share (a non-GAAP measure), compared to $77.0 million, or $0.58 per diluted share, for the same period in 2012.
A reconciliation of non GAAP financial measures used in this release to comparable GAAP financial measures is included with the financial tables. PXP's 2013 first-quarter daily sales volumes averaged 170.4 thousand BOE per day compared to 87.9 thousand BOE in the first quarter of 2012......Read the entire Plains Exploration earnings report.
Get the service fund managers rely on everyday.....OptionsMD is open!
Wednesday, May 1, 2013
Wednesday's earnings....Devon Energy [DVN], Murply Oil Corp. [MUR] and Phillips 66 [PSX]
Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces first quarter earnings of $1.4 billion compared with earnings of $636 million in the first quarter of 2012. Adjusted earnings were $1.4 billion, an increase of $617 million from the first quarter of 2012.
“We achieved strong financial results in the first quarter by capturing favorable chemicals and refining margins,” said Greg Garland, chairman and chief executive officer. “Operating excellence is our top priority, and in the first quarter we continued to improve upon our solid safety and environmental performance. We also are investing in the continued growth of our business. Our plans for a new natural gas liquids fractionator on the Gulf Coast reinforce our commitment to the American energy landscape and highlight our unique opportunities across the downstream value chain.”
“Increasing shareholder distributions remains a key component of our strategy and value proposition. During the quarter, we paid an increased dividend and repurchased $382 million of stock as part of our $2 billion share repurchase program. Since the company’s inception a year ago, we have returned $1.2 billion of capital to shareholders through dividends and share repurchases,” Garland concluded......Read the entire Phillips 66 earnings report.
Devon Energy Corporation (NYSE:DVN) today reported a net loss of $1.3 billion or $3.34 per common share ($3.34 per diluted share) for the quarter ended March 31, 2013. The quarterly loss was attributable to a $1.9 billion non cash asset impairment charge primarily related to lower oil and natural gas liquids pricing. Adjusting for this non cash charge and other items securities analysts typically exclude from their published estimates, the company earned $270 million or $0.66 per diluted share in the first quarter of 2013.
Devon continued to deliver strong oil production growth in the first quarter of 2013. Companywide oil production averaged 162,000 barrels per day, a 14 percent increase compared to the first quarter of 2012 and an 8 percent increase over the fourth quarter of 2012. Driven by the Permian Basin, the most significant growth came from the company’s U.S. operations, where oil production increased 23 percent year over year.
Total production of oil, natural gas and natural gas liquids increased to an average of 687,000 oil equivalent barrels (Boe) per day in the first quarter. This exceeded the top end of the company’s guidance by 2,000 barrels per day. First quarter production benefited from better-than-expected results across several core development assets, including Jackfish and Cana-Woodford......Read the entire Devon Energy earnings report.
Murphy Oil Corp. (NYSE: MUR) announced today that net income in the first quarter of 2013 was $360.6 million ($1.88 per diluted share), compared to net income of $290.1 million ($1.49 per diluted share) in the first quarter of 2012. The first quarter of 2013 included income from discontinued operations of $152.6 million ($0.80 per diluted share) compared to income of $8.6 million ($0.05 per diluted share) in 2012.
The 2013 discontinued operations results primarily related to a gain on sale of two oil and natural gas properties in the United Kingdom during the quarter. Income from continuing operations was $208.0 million ($1.08 per diluted share) in the first quarter 2013, down from $281.5 million ($1.44 per diluted share) in the 2012 quarter.
Income from continuing operations declined in the 2013 quarter compared to 2012 due primarily to higher expenses for exploration, administration, financing and income taxes. Better results for the Company’s downstream operations partially offset these higher expenses......Read the entire Murphy Oil Corp. earnings report.
Get the same help fund managers use to trade commodities.....OptionsMD is Open!
“We achieved strong financial results in the first quarter by capturing favorable chemicals and refining margins,” said Greg Garland, chairman and chief executive officer. “Operating excellence is our top priority, and in the first quarter we continued to improve upon our solid safety and environmental performance. We also are investing in the continued growth of our business. Our plans for a new natural gas liquids fractionator on the Gulf Coast reinforce our commitment to the American energy landscape and highlight our unique opportunities across the downstream value chain.”
“Increasing shareholder distributions remains a key component of our strategy and value proposition. During the quarter, we paid an increased dividend and repurchased $382 million of stock as part of our $2 billion share repurchase program. Since the company’s inception a year ago, we have returned $1.2 billion of capital to shareholders through dividends and share repurchases,” Garland concluded......Read the entire Phillips 66 earnings report.
Devon Energy Corporation (NYSE:DVN) today reported a net loss of $1.3 billion or $3.34 per common share ($3.34 per diluted share) for the quarter ended March 31, 2013. The quarterly loss was attributable to a $1.9 billion non cash asset impairment charge primarily related to lower oil and natural gas liquids pricing. Adjusting for this non cash charge and other items securities analysts typically exclude from their published estimates, the company earned $270 million or $0.66 per diluted share in the first quarter of 2013.
Devon continued to deliver strong oil production growth in the first quarter of 2013. Companywide oil production averaged 162,000 barrels per day, a 14 percent increase compared to the first quarter of 2012 and an 8 percent increase over the fourth quarter of 2012. Driven by the Permian Basin, the most significant growth came from the company’s U.S. operations, where oil production increased 23 percent year over year.
Total production of oil, natural gas and natural gas liquids increased to an average of 687,000 oil equivalent barrels (Boe) per day in the first quarter. This exceeded the top end of the company’s guidance by 2,000 barrels per day. First quarter production benefited from better-than-expected results across several core development assets, including Jackfish and Cana-Woodford......Read the entire Devon Energy earnings report.
Murphy Oil Corp. (NYSE: MUR) announced today that net income in the first quarter of 2013 was $360.6 million ($1.88 per diluted share), compared to net income of $290.1 million ($1.49 per diluted share) in the first quarter of 2012. The first quarter of 2013 included income from discontinued operations of $152.6 million ($0.80 per diluted share) compared to income of $8.6 million ($0.05 per diluted share) in 2012.
The 2013 discontinued operations results primarily related to a gain on sale of two oil and natural gas properties in the United Kingdom during the quarter. Income from continuing operations was $208.0 million ($1.08 per diluted share) in the first quarter 2013, down from $281.5 million ($1.44 per diluted share) in the 2012 quarter.
Income from continuing operations declined in the 2013 quarter compared to 2012 due primarily to higher expenses for exploration, administration, financing and income taxes. Better results for the Company’s downstream operations partially offset these higher expenses......Read the entire Murphy Oil Corp. earnings report.
Get the same help fund managers use to trade commodities.....OptionsMD is Open!
Labels:
Devon Energy,
Drilling,
DVN,
earings,
Gas,
MUR,
Murphy Oil,
Oil,
Phillips 66,
PSX
Does this concern you? Let's look at the "Macro Trend of the Markets"
Great post from our trading partner Doc Severson this morning.....
The Bureau of Labor Statistics stated 60% more seniors are working today than they were 10 years ago. Isn't that shocking? There are some clear reasons for this.
When I was a kid, I was told to "save for retirement" and invest in the stock market. This was good advice when bank interest rates were upwards of 10%, and you could count on the S&P making regular advancements. But over the last 13 years, people are only now starting to see the writing on the wall.
Back in the day, the macro trend of the markets steadily climbed from the mid-70s UNTIL the peak in 2000.
But since the crash in 2000, we've seen nothing but sideways trading for the last 13 years and interest rates at an all time low. During the same time, we also had two major crashes, and well.....who knows what could happen by the end of the year.
So what's next?
I'd rather not pretend to predict the market. Instead, I'll continue to trade a robust trading plan, proven to generate a consistent monthly income during the same time most people have struggled.
It's a system that's taken me years to develop, and is uniquely designed to use a combination of non-directional strategies, semi directional strategies, and directional strategies. This way your trading results are independent of market direction!
Not only will I teach you how to trade these trading strategies, when you enroll in OptionsMD today, I'll take you by the hand to show you exactly what I plan to trade, how I plan to trade it, and let you see my open trades.
So what do you say?
Bottom line....If you want to learn how to make a consistent monthly income by protecting and growing your wealth Click here to join me inside of OptionsMD today!
The Bureau of Labor Statistics stated 60% more seniors are working today than they were 10 years ago. Isn't that shocking? There are some clear reasons for this.
When I was a kid, I was told to "save for retirement" and invest in the stock market. This was good advice when bank interest rates were upwards of 10%, and you could count on the S&P making regular advancements. But over the last 13 years, people are only now starting to see the writing on the wall.
Back in the day, the macro trend of the markets steadily climbed from the mid-70s UNTIL the peak in 2000.
But since the crash in 2000, we've seen nothing but sideways trading for the last 13 years and interest rates at an all time low. During the same time, we also had two major crashes, and well.....who knows what could happen by the end of the year.
So what's next?
I'd rather not pretend to predict the market. Instead, I'll continue to trade a robust trading plan, proven to generate a consistent monthly income during the same time most people have struggled.
It's a system that's taken me years to develop, and is uniquely designed to use a combination of non-directional strategies, semi directional strategies, and directional strategies. This way your trading results are independent of market direction!
Not only will I teach you how to trade these trading strategies, when you enroll in OptionsMD today, I'll take you by the hand to show you exactly what I plan to trade, how I plan to trade it, and let you see my open trades.
So what do you say?
Bottom line....If you want to learn how to make a consistent monthly income by protecting and growing your wealth Click here to join me inside of OptionsMD today!
Labels:
Doc Severson. OptionsMD,
labor,
Macro,
money,
options,
retirement,
saving,
Trend,
uptrend
Kinder Morgan Completes Acquisition of Copano Energy KMP CPNO
COT fund favorite Kinder Morgan Energy Partners (NYSE: KMP) today closed its previously announced acquisition of Houston based Copano Energy (NASDAQ:CPNO). KMP has acquired all of Copano’s outstanding units for a total purchase price of approximately $5 billion, including the assumption of debt. The transaction, which was approved by the Copano unitholders on April 30 (with more than 99 percent of the units that voted voting in favor of the transaction) and previously by the boards of directors of both companies, is a 100 percent unit for unit transaction with an exchange ratio of .4563 KMP units per Copano unit.
“We are delighted to complete this transaction, which will enable us to significantly expand our midstream services footprint and offer a wider array of services to our customers,” said KMP Chairman and CEO Richard D. Kinder. “We will now pursue incremental development in the Eagle Ford Shale play in South Texas, and gain entry into the Barnett Shale Combo in North Texas and the Mississippi Lime and Woodford shales in Oklahoma. The transaction is expected to be modestly accretive to KMP in 2013, given the partial year, and about $0.10 per unit accretive for at least the next five years beginning in 2014”......Read the entire Kinder Morgan press release.
OptionsMD Mentoring Program is now open for enrollment!
“We are delighted to complete this transaction, which will enable us to significantly expand our midstream services footprint and offer a wider array of services to our customers,” said KMP Chairman and CEO Richard D. Kinder. “We will now pursue incremental development in the Eagle Ford Shale play in South Texas, and gain entry into the Barnett Shale Combo in North Texas and the Mississippi Lime and Woodford shales in Oklahoma. The transaction is expected to be modestly accretive to KMP in 2013, given the partial year, and about $0.10 per unit accretive for at least the next five years beginning in 2014”......Read the entire Kinder Morgan press release.
OptionsMD Mentoring Program is now open for enrollment!
Labels:
Copano,
CPNO,
debt,
Eagle Ford,
Kinder Morgan,
KMP,
Oil,
Pipeline,
shale
Subscribe to:
Posts (Atom)