April 22, 2013
Gross Domestic Product for the First Quarter to Highlight Week in Economic Data
 After recording its worst week of 2013 last week on the back of less-than-expected economic growth information from China, the S&P 500 will be looking for reasons to recover this week. There will again be an influx of financial reports and earnings season is now in top gear. Additionally, data from Washington will be delivered each day this week, capped off by the heavily watched first estimate of gross domestic product statistics from the first quarter. Market moving economic data from the States this week will include: Monday Existing Home Sales for March – In February, the National Association of Realtors said that sales of existing homes rose 0.8 percent to a 4.98 million annual rate while upwardly revising January’s figure from a 0.4 percent increase to a 0.8 percent increase. Inventory had been a big concern in recent months, (more)…
5 Natural Gas Exchange Traded Funds
 The U.S. Energy Department reported that natural gas supplies increased by 31 billion cubic feet last week, which, while shy of analyst expectations, marked the first storage increase of 2013. Meanwhile, unseasonably cold temperatures throughout the central United States are expected over the next two or so weeks. These two factors have much to do with why natural gas futures hit an intraday high of $4.335 per million BTU (British Thermal Units) on Thursday. Furthermore, natural gas has been immune to the savage beating that most commodities have taken over the past week. This situation is due in part to the much heralded “energy revolution” that is currently just beginning in the United States, as large reserves of shale-based oil and natural gas are being sought and discovered all over the country. But there is more to the story since, (more)…
April 16, 2013
TravelCenters, Shell Partner for Natural Gas Refueling Stations
 Interstate staple TravelCenters of America LLC (TA) and Royal Dutch Shell Plc (RDS.A) have teamed-up through a definitive agreement between TravelCenters and Shell Oil Products U.S. to build and operate a network of natural gas fueling lanes at fuel centers throughout the country. The deal was originally set in motion in 2012 with a memorandum of understanding between the companies. Per the deal, Shell will pay for and construct a minimum of two natural gas fueling lanes for tractor-trailers and other large trucks and related storage capacity at up to 100 TA and TA’s Petro Stopping Center locations over the next few years. Shell will supply the natural gas fuel with each company marketing to their customers. The companies will initially be focused on liquid natural gas, but could be modified for other fuel types, such as compressed natural gas. (more)…
April 15, 2013
Crude Oil Completes Per Expectations
 Futures Outlook for the Week of 4/15/13: As I look through the charts for this upcoming week, the metals continue their decline with strong bearish charts. (If you hold them in physical form, I have to ask: “Have you thought about utilizing options to offset a bit of this downward momentum should it continue?” We can help you with that.) Our markets right now show a lot of mixed charts that are not all that inspiring. As I am not über passionate about our charts today, I will follow up on our discussion of Crude Oil from last week. Crude Oil has not only completed but exceeded the completion level for the head and shoulders pattern that was developing last week and in so doing has tested below our $90 mark. Crude Oil Last week I mentioned: “The 90-100 territory (more)…
April 11, 2013
Royale Energy Soars on North Slope Promise
 Last Wednesday, Great Bear Petroleum, an Alaska-based oil exploration company founded by geologist Ed Duncan announced in a press release that the North Slope of Alaska was likely to contain within its depths America’s next big shale energy play. Duncan even compared the potential to the Bakken shale in North Dakota, by far one of the largest discoveries in the U.S. so far. The press release was reprinted by Royale Energy (ROYL), a San Diego-based independent oil and gas company who currently own about 100,000 acres of land in the North Slope, based on a desire to get a share of some of the North Slope’s difficult to reach, but allegedly plentiful, shale oil and gas. That day, Royale’s shares popped, jumping almost 9 percent to close at $2.19. While that may not seem like a substantial share price, Royale’s (more)…
April 9, 2013
Futures Outlook for the Week: Crude Oil Update
 I have written on the topic of crude oil a few times, but charts again demand some attention for what might be coming next. Crude Oil has some very interesting chart patterns on all three major charts including the Daily, Weekly, and Monthly. I want to highlight the positioning of Crude so that you can be ready for it when it breaks. Crude Oil The last time I wrote about Crude Oil I spoke about the short term range between 90 and 100. We are still sitting in that range after once again making a run up towards 100 and finding failure from that resistance level. The 90-100 territory still sits as our trouble area and one that we need to break from, but now we are forming a head and shoulders pattern on the daily chart. If this comes (more)…
General Electric Expands Range of Motion in U.S. Energy Boom with Purchase of Lufkin
 Shares for Lufkin Industries (LUFK) soared in Monday trading as it was announced that the company would be purchased by General Electric (GE) for $3.3 billion, as part of GE’s increasing appetite for strategic presence in the oil market. Lufkin is a manufacturer and supplier of products for energy infrastructure and industry whose role in shale drilling is centered primarily on its hydraulic pumping units and lift equipment that are responsible for bringing oil and gas from shale formations deep underground up to the surface. GE’s offer translates to a value of $88.50 per share for the company, 38 percent greater than its closing price on Friday of $63.90. Subsequent to the announcement, Lufkin’s shares immediately spiked almost 38 percent, and closing with a gain of 37.59 percent, or $87.96 per share. The deal, slated for finalization in the latter (more)…
April 8, 2013
General Electric Spending $3.3 Billion to Buy Lufkin Industries
Conglomerate giant General Electric Co. (GE) reported Monday that it is continuing to expand its assets in the energy business through the purchase of Lufkin Industries, Inc. (LUFK), a Texas-based oilfield services company. GE said that it will pay $88.50 per share to stakeholders in Lufkin, valuing the all-cash deal at about $3.3 billion. The offer is a 38 percent premium to Lufkin’s closing price on Friday of $63.93. Lufkin’s all-time high share price was $95.55, hit in April 2011. Lufkin has been in business since 1902, when it originally made equipment for railroads and sawmills, but has since transformed into a manufacturer of industrial gears as well as pumps and lifts for extracting oil and gas from difficult-to-reach reservoirs. The acquisition is the latest in a string of moves by GE to divest from media and finance and expand (more)…
Stocks Under $10: Oil & Gas Exploration and Production Companies
 At www.ValuEngine.com we show that the Oils-Energy sector is 5.4% overvalued with the Oil & Gas Exploration and Production industry 3.0% overvalued. All 11 stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots. EPM – was trading at a buck in November 2008 and traded above $11 on February 13, 2013. FST – was a $59 stock in July 2008 and has been below $5 since March 25, 2013. HK – has been below $10 since the week of July 7, 2012. HNR – was a $17 stock in March 2012 and has been below $5 since March 19, 2013. KOG – traded below a buck in March 2009 and as high as $10.90 in February 2012, and has been below $10 since the week of April (more)…
April 5, 2013
Stocks Under $10: Oil & Gas Drillers
 At www.ValuEngine.com we show that the Oils-Energy sector is 5.4% overvalued with the Oil & Gas Drilling industry 1.7% overvalued. All seven stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots. AAV – has been below $10 since the week of October 4, 2008. HERO – was a $39 stock in July 2008 and has been below $10 since the week of October 18, 2008. PACD – has only been below $10 this week. PDS – was a $28 stock in June 2008 and has been below $10 since the week of April 14, 2012. PKD – has been below $10 since the week of July 12, 2008. ROYL– has been below $10 since the week of July 12, 2008. VTG – has been below $9.50 for (more)…
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