by Garrett Baldwin | May 23, 2023 | Market Commentary
It’s no coincidence that when my momentum reading turned green last week, oil prices started pushing higher. Oil production stocks have helped lead almost every positive momentum turn in the last 18 months… and optimism has returned to portions of the economy. ...
by Garrett Baldwin | Apr 11, 2023 | Market Commentary
Yesterday, I explained the opportunity in Permian shale stocks. Exxon Mobil (XOM) is exploring a possible deal for shale giant Pioneer Natural Resources (PXD). Shares of PXD popped as much as 8% on the news Monday. The news also helped push shares of other Permian...
by Garrett Baldwin | Apr 3, 2023 | Market Commentary
Over the weekend, the global oil cartel OPEC announced plans to cut production by 1 million barrels per day by the end of the year. The news sent crude oil prices into the stratosphere. West Texas Intermediate crude – the U.S. benchmark – rose more than 6% and pushed...
