This year is sure starting out in a different spot than 2016 was for the oil and gas companies within the energy sector. Oil may have sold off big on Tuesday, but NYMEX West Texas Intermediate crude has been hanging above $50 per barrel now for a month. 571 more words
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From my final Order Paper column in NBR for 2016: On doing better in 2017.
That’s harsh but doesn’t reflect how things are anyway – most of the New Zealand populace is far from obsessed with politics, they largely don’t know and/or don’t care most of the time. 128 more words
What a wild ride 2016 has been for the energy industry. We started the year in a downward spiral, with oil prices bottoming in the mid $20s in February, and fought our way all the way back to the current low $50s range following the first OPEC production cut in years. 1,077 more words
On a day that the Organization of Petroleum Exporting Countries (OPEC) announces a production cut, which is actually just announcing a formalized cut after previously stating that a cut was coming, many of the top oil stocks have risen handily. 716 more words
This is one of my five favorite days of the awards season. I love hearing what NBR picks as their choices each year. Those twelve people who regularly read this website already know how gushy I get over NBR, and I’m sure by now it’s, “Yes, Mike, we get it. 2,115 more words