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 | May 4, 2023 | Market Commentary
This week, oil prices peeled back to their lowest levels since March. Despite OPEC’s cuts in early April and Goldman Sachs (GS) projections that oil would hit $95 very soon, the black commodity has been sinking fast. The June 2023 futures contract sank from about...
by Garrett Baldwin | Apr 24, 2023 | Market Commentary
I’m back from Orlando. I spent five days in a house with eight couples and a combined 11 children. And as expected, I have come down with a stomach bug. Children… I swear. They will get you incredibly ill. During my trip, I was with a lot of smart people. There were...
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 10, 2023 | Market Commentary
A few months back, I recommended that you follow the No. 1 Investment Trend of 2014 to find the top shale stocks. Wait, what? As I noted, shale oil producers celebrated the surge of oil prices in 2014 to $100 by drastically expanding their production. With greater...
