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Oil Shares

Updated Dec 10,  2018 - Trump allows oil drilling in California, Alaska, the Gulf of Mexico & Florida!..China controls Oil benchmark...


$XOI oil share index
oil sh perfo 2013 Performance Dec'15 to Jan'18 is 51.32% y/y
oil pump
Bullish Objective 2800
Resistance 1580
Support 980
Bearish Objective 780
Technical pattern BULL TREND

 

ExxonMobil and other major oil majors such as Shell produce more natural gas than oil. Therefore it is probably more correct to refer to them as energy majors than specifically oil producers.

The fact that Trump allows Oil drilling in Alaska, California, the Gulf of Mexico & Florida will be benefial to the USA and proofs that the USA KNOWS there will be an Oil shortage.

Shale Oil, Fracking and new technology are changing the GLOBAL OIL picture in a BIG WAY !

 


XOI pf1
Short term candle
Chart comment
XOI candle1
  • Jan 11 - Feb 11, 2016: BOTTOM formation
  • March 15: Bear Trap, BREAKOUT and BUY !
  • June 13 - July 29: preparing the next upleg
  • Jan 14, 2017: Bull Run
  • Apr 21 - May 24: end of correction= Sales = BUY!
  • Sep 14 - Oct 12 - Nov 14: buy any correction
  • Dec 23: outlook for this sector for 2018 is EXCELLENT.
  • Jan 7, 2018: broken up the Head & Shoulders pattern = extremely bullish
  • Jan 16: Head & Shoulders Target is 1,700 (+20%) - sector is OVERBOUGHT
  • Feb 9 - Mar 13: OVERSOLD (neckline of HS) and a BUY
  • Sep 13: SIDEWARD...
  • Oct 20 - Nov 16 - Dec 10: Oversold = BUY
Long term candle
XOI candle2

 

Oil shares - Yields Dec, 2018 - only buy the GREEN & Blue (trend reversals) tagged Oil stocks.
click on the name of the company to be redirected to their home page...
Do NOT sell but use Trailing Stops! Note how Support  is now Resistance...and Resistance we have right now - as present levels are broken, the Oil shares will reverse their trend. TRY TO AVOID AMERICAN OIL SHARES!
Marathon(MRO) 
Occident.(OXY) BP** Exxon (XOM) Conoco (COP) Schlumberg.(SLB)
USA USA Britain USA USA USA
MRO pf1 OXY pf1 small BP pf1 XOM pf1 small COP pf1 SLB pf1 small
1.28% yield
 4.25% yield - Buy
6.00 % yield = BUY
4.15 % yield - Buy
 1.91 % yield
Stop - 4.16 % yield
           
Halliburton (HAL)  WPX-Energy     Noble Drilling (NE)  Helmerich (HP)
HAL_pf1  WPX pf1     NE pf1 HP pf1
2.35% yield - Stop Loss!?
Breakout-Buy Breakout - Buy  4.83% yield - Driller
Oil drillers & services
Obsidian Eng. (OBE.TO)  Husky (HSE.TO)  Baker Hughes (BHGE)  Bellatrix (BXE) Nabors (NBR)*** Andeavor(ANDV)
PWTto pf1 HSEto pf1 small BHGE pf1 BXE pf1 NBR pf1 no longer traded after Marathon Petroleum took over the co.
 SEC problem. was: Penn West 3.00 % yield 3.08% yield - Stop - SELL
STOP LOSS 5:1 consolidation
5.28% Yield - Book value: $19.43 - BUY  
Non-North American Oil co's
Rosneft (ROSN.L)  Petrochina (PTR)* Royal Dutch(RDSb)** Repsol (Spain) Sasoil(SSL) Trans Can. Pipe line(Canada)
SANCTIONS+weak Ruble
100 % China  target $90 40% China  South Africa-weak rand
(TRP.TO)
ROSNL pf1 PTR pf1 RDSb pf2 REPYY pf1 SSL pf1 TRPto pf1 small
Russia - 5.13% yield
1.91% yield China - Buy
 6% yield
6.63% yield
Produces Diesel @ $60/bbl- 2.97% yield
Replace by BP, TOT, STO - 5.25% yield
         
 Total (TOT)** Can Nat Res (CNQ)* Petrobas (PBR) Enerplus corp (ERF)  Statoil(STO)* - Norway BP Prudhoe Bay(BPT) Royalty
TOTAL CNQ pf1 PBR pf1 ERF pf1 EQNR pf1 BPT pf1
5.21% yield- buy  yield 4.06% - Breakout
Caution - mind the crashing Brazil economy!
Bottom..yield 0.94%
is now EQUINOR* 4% yield
Yield 21% - Breakout - Buy

OIH candle3

  • There is a dysfunction and craziness of the Oil markets and sooner or later it will backlash. The results can be devastating. Because of manipulation of the paper oil markets (Derivatives) we expect a collision between physical supply and demand.(January 2009)

  • People in the oil industry are not seeing any demand destruction. Only the talking heads are seeing it. We rather have a supply destruction because these unrealistic low prices.

  •  # 1 Enemy of Oil is Government who will go and steal the money where it is. The latest best example was BP and the oil spill in the Gulf of Mexico....Joe six pack has become too blind to see through the political game....Windfall profit taxes: there always is a possibility to see these again. However the power of Democrats has been curtailed...and we have peak oil. The sector is running into the 2008 resistance and needs to built some stamina before higher levels will be seen. Restrictions on drilling in the USA are about to be lifted....Drillers will profit.

  • Oil stocks offer an excellent diversification, pay a dividend, are SAFE and will go up a lot higher: Occidental petroleum or Oxy is our absolute favorite followed by Marathon Oil  ! Trans Canada pipeline is a strong buy. Don't forget Imperial Oil, Royal Dutch and Statoil.

Note:

  • Andeavor(ANDV)  Take Over bid - Tesoro (TSO) + Western Refining =Andeavor-2.03% - no longer traded after Marathon Petroleum took over the co.
  • Marathon Oil paid out $ 20.07 per share in 2011. We used the funds to increase the position to 162 shares.
  • Conoco broke out May 2013.
  • Royal Dutch new target (june 2014) is $ 90
  • BP Prudhoe Bay (BPT) has a dividend yield of 10.57 %
  • Baker Hughes TAKE OVER BID by Halliburton for $38 bn - share valued at $78.62
  • Shell takes over BG (British Gas) - April 2015.
  • Bellatrix :Net income rose from $67,000 in 2013 to $ 140,000 for 2014
  • Venezuela’s PDVSA are close to a deal with Schlumberger (SLB) in order to bolster the company’s presence in Venezuela. Schlumberger had announced its decision to curtail operations in the country after PDVSA ran up billions of dollars in unpaid bills with the oilfield services giant. Venezuela’s oil minister says "there are 14 Schlumberger drills that will start operations soon under a different financing scheme." Schlumberger did not comment.[June 2016]
  • TransCanada (TRP) won contracts on Monday from the Mexican government to build a $3.6 billion natural gas pipeline from Texas to the Mexican city of Tuxpan in the state of Veracruz on the Gulf Coast.

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