Tag: Guest Bloggers

Making a Killing in Mature Oil Basins: Josh Young

Posted on by admin

The Energy Report: Josh, what is a "mature" basin? You're famously bullish on them.

Josh Young: Mature basins have well-known reservoirs and well-defined geologic characteristics. Hundreds or thousands of wells are already producing in such basins. North America has a range of them. My portfolio is almost entirely exposed to these mature basins.

"There is an old adage: 'The best place to find oil is an oil field.'"

Some of my largest positions are in mature basins in Texas, Oklahoma and Kansas. One company is active in the Sedgwick basin with the emerging Mississippi Lime play, a horizontal redevelopment of vertical Mississippian wells, which were originally drilled over the course of decades. And another company is active in the East Texas field, which has produced for almost 100 years and is in the process of being redeveloped. Continue reading "Making a Killing in Mature Oil Basins: Josh Young" →

Another Layer of Bureaucracy for Oil and Gas Exploration in the US?

Posted on by The INO.com Team

On May 11, 2012, the US Bureau of Land Management (BLM) published proposed regulations governing "Oil and Gas; Well Stimulation, Including Hydraulic Fracturing, on Federal and Indian Lands." BLM is a latecomer to this party. Its belated meddling lacks practical or economic justification. Instead, the proposed BLM rule would drive oil and gas developers off federal and tribal lands. Complying with the rules is too complicated and costly. Producers can realize a much faster and much better return on their capital investment by developing oil and gas reserves on adjoining private lands.

Federal and tribal lands hold large reserves of oil and natural gas. At a time when the United States desperately needs to move toward, not away from, energy independence, it makes no sense to let bureaucratic meddling effectively place these valuable domestic reserves out of reach. The problems with BLM's approach are myriad. Continue reading "Another Layer of Bureaucracy for Oil and Gas Exploration in the US?" →

Election Day Special

Posted on by The INO.com Team

MORNING STARS RISING - CLASSIC BULLISH REVERSAL CANDLESTICK PATTERNS OCCURRING NOW IN GOLD & SILVER RIGHT AT SUPPORT LEVELS NEAR 200DAY MOVING AVERAGES.

Election Day has finally arrived here in the United States of America, so please exercise your civic duty: get out and vote (if you haven’t already) thank you.

Today was largely expected to be uneventful in the Gold and Silver markets as many traders were looking to avoid the event risk inherent upon the outcome of the U.S. Elections, but that has definitely not turned out to be the case.

After Friday’s massive drops of -$40 Gold and -$1.50 in Silver, which happen to be the biggest single-day spikes lower in the last 2 months, both markets blasted higher this morning with Gold putting on nearly +$35 and Silver around +$1.00 higher (intraday) before pulling back off the highs...

Let’s take a look at where the recent consolidation stands from top to bottom: Continue reading "Election Day Special" →

Look to Midtier and Small-Cap Gold Equities for Growth: Joe Foster

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The Gold Report: In the first decade of this century, the Van Eck International Investors Gold Fund gave its investors an annualized average return of about 25%. How has the fund performed since we last talked in August 2010?

Joe Foster: Gold stocks have had a tough time in the last couple of years and the fund was essentially flat during that period. The stocks have underperformed the gold price, which is up about 38%, and that is reflected in the fund performance.

TGR: How has the fund performed against the NYSE Arca Gold Miners Index (GDM), its benchmark index?

JF: Since our last interview in 2010 their performances have been similar, roughly flat.

TGR: How much does the fund have under management and how many positions does it hold?

JF: We have approximately $1.4 billion (B) in the International Investors Gold Fund and have 55 stocks in the fund.

TGR: As of May 2012, the Van Eck International Investors Gold Fund was allowed to invest in a wholly owned Cayman subsidiary, which lets it invest directly in commodities and commodity futures. How has that changed your investment strategy? Continue reading "Look to Midtier and Small-Cap Gold Equities for Growth: Joe Foster" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (November 5th through November 9th)

It was not until the United States Non Farm Payroll Report on Friday that traders had a clear idea concerning the technicals in the Gold Futures. Prior to the report, futures prices saw higher lows each day throughout the week and even traded up and outside of the range before failing miserably all day Friday.

To begin the week, Gold saw a lift after better than expected news from China was reported and was coupled with additional easing measures applied by the Bank of Japan. The light buying continued despite concerns in Europe over Spain and once again Greece.

Once the labor data was released in the United States that showed a better than expected number, there was a strong rally in the US Dollar which ultimately led to the demise of Gold and most other Dollar-based vehicles. The word is that traders saw a better than expected jobs number as a reason for the FED to scale back on their commitment to Quantitative Easing. Additionally, traders are awaiting important newsthis week from not only the United States but also from Europe and a G20 Summit now in session. Continue reading "Gold Chart of the Week" →