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 21, 2023 | Market Commentary
The threat of a debt ceiling crisis is accelerating, as I noted. It’s no coincidence that America’s rush toward $31.381 trillion aligns with a global rush among central banks to buy gold. We pretend that the Treasury Department has any idea what it’s doing. But...
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...
by Garrett Baldwin | Jan 31, 2023 | Market Commentary, Market Outlook, Stocks
Dear Reader, Cue the outrage machine. Today, Exxon Mobil (XOM) reported that it had generated $56 billion in profit in 2022. The sound of teeth gnashing and fingers tweeting quickly accelerated around the halls of Congress. But let me point something out. The...
