Oil Rises a Second Day on U.S. Supply Drop, ECB Plan Optimism at Bloomberg.
On Tuesday EOG Resources CEO Mark Papa gave a presentaion. Starting at the 10 minute market he gives an overview of world oil markets (starts with page 8). In short, expectations continue to be for oil pricing to remain quite robust and natural gas and NGL’s to be weak.
Sounds like an Obama re-election would mean Canadian oil is exported from British Columbia, while a Romney win would bring the oil south. National Post
For Hans: An NOG chart I ran accross: Stockcharts.
Thank you kindly, Mr Butler! NOG, will be a hold until a few days after the Isreal/Iranian clash…
Of all of the BOCs, it is one of the best…EOG, is also an excellent independent oil company as well…I hope and pray, neither are rendered into a Fortune 500 company…
NOG is a high growth, deep value Bakken play which is simple. Good thing it’s simple, because management is three ring circus.
EOG is the finest of company’s. Unfortunately, its valuation is quite rich.
I’ve written about both for Yahoo Finance/SA, available on the ISA essay page.
Ringling Bros they may be, but they double their 2nd quarter earnings, which the market approved with a 6% gain…
BTW, I read all of your post on SA, as they are concise
and wise…