blogwriter's blog
14th September 2012
Market Awaits Fed = Oil Prices Rise!
Global oil prices rose Thursday September 13, 2012, but held under recent peaks, as traders awaited the outcome of the Federal Reserve's latest regular meeting and eyed geopolitical tensions.
Brent North Sea crude for delivery in October gained 17 cents to $116.13 a barrel in late morning deals.
New York's main contract, West Texas Intermediate or light sweet crude for October added 14 cents to $97.15 a barrel. Read more »
11th September 2012
Why Selling Mineral Rights Can be a GOOD Thing!
If you ever want to sell your mineral rights please make sure and contact us. It's truly a win-win situation. When you sell your mineral rights you will be paid a very generous amount based on the location, etc..of your land and exactly how much is being produced from it.
Buyers are always wanting to invest in mineral rights and its a great way for a landowner that has these on his/her property to then sell them and earn immediate capital, either for a debt or some other type of financial need or desire they may have. Read more »
8th September 2012
Jobs Status Stimulus Hope = Oil Prices Up
Oil prices rose on Friday September 77, 2012 in volatile trading after a disappointing U.S. August jobs report weakened the dollar and bolstered expectations for stimulus from the U.S. Federal Reserve, even while denting the outlook for petroleum demand.
Brent and U.S. crude futures were flirting with weekly losses after posting five straight weekly gains and surging more than 9 percent in August. Read more »
5th September 2012
21 Billion = Cheveron! What Three Companies to Buy in the Shale Game?
Of all the problems to face in the oil and gas business, this is the one you want.
Chevron has $21.5 billion in cash burning a hole in its pocket. The supermajor’s total debt load is just $10.2 billion. No other oil giant even comes close to this gearing. And why would they? As Deutsche Bank’s Big Oil analyst Paul Sankey says “We think it makes no sense whatsoever to be cash positive in this interest rate environment.” Read more »
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