Last Friday we established a trading position in Nabors Industries (NBR). Nabors focuses primarily on land-based contract drilling services for oil and gas companies so it has been doubly hit in recent months. Falling natural gas prices (in large part due to mild North American temperatures) have taken their… Read More
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In the October 9 issue of Leeb’s Energy World (Vol. 1, Issue 5), we made a strong case for uranium stocks as beneficiaries of humanity’s need for alternative energy sources. From a long-term standpoint, that case is no less compelling today. However, since our addition of Cameco (CCJ)… Read More
Buy Nabors Industries (NBR) as a short-term trade at the market price. In yesterday’s Weekly Update we discussed how cheap energy stocks are these days. One stock we singled out was Nabors Industries (NBR), which focuses primarily on land-based contract drilling services for oil… Read More
Yesterday we read a shocking, yet not unexpected news story. It’s one of interest for virtually everyone on our planet. Nevertheless, the story and was largely ignored by most media outlets. The London-based Financial Times obtained a copy of a draft version of the International Energy Agency’s (IEA) long-anticipated… Read More
Stocks covered in this issue: Schlumberger (SLB)FPL Group (FPL)First Solar (FSLR)Market Vectors Gold Miners ETF (GDX)SPDR Gold Shares (GLD).With the presidential election just around the corner, we thought it important to look at both candidates’ energy plans and see if there are any immediate investment implications that may… Read More
We’ve summarized the energy plans for both candidates in the Energy Policy Appendix at the end of this letter. There are some aspects each candidate’s plans that are ill-advised and others that are spot on. The first takeaway is that Senator Obama’s plan accentuates… Read More
Both presidential candidates have many similar approaches to move us away from imported oil (see Energy Policy Appendix). For instance, there will have to be a lot more domestic drilling and oil exploration (on- and offshore), no matter who occupies the Oval Office. The current global… Read More
Florida-based utility FPL Group (FPL) is a company that will benefit no matter who wins the White House. FPL is an alternative energy powerhouse with by far the largest solar and wind energy assets in North America at more than 5,500 megawatts. The company operates under two segments: Florida… Read More
The stock market has been under intense selling pressure due in part to record mutual fund outflows. September was by far the single worst month for mutual fund outflows on record, seeing withdraws of $72.3 billion. Moreover, this number understates investors’ bearish sentiment as it only includes U.S.-managed stock… Read More
McCain: Lift restrictions on drilling in domestic oil and natural gas reserves. He believes this will increase supply at home and reduce our trade deficit, about 40 percent of which is due to oil imports. The Clean Car Challenge. A tax credit of $5,000 for consumers who buy… Read More