Oil & Energy

Wall Street rallied late last week. But Westpac’s results release this morning might cool things down in Australia before they even have a chance to get hot. We’d already tabled a dividend reduction for the bank. That’s what we got....

Shiver me timbers! Just what is going on in the Middle East right now? We left things on Friday with the thought that now is the time to be accumulating energy shares. And not a day passes before Iran announces that...

My oh my. We’re getting an inkling of the chaos to come in the oil market right now. And no one else is even remotely watching this. The Financial Times reports that the cost to chart an oil supertanker has tripled...

If the financial apocalypse arrives anytime soon, I don’t have a gun in the house…but I might have some tomatoes. I got some plants in the garden over the weekend. How nice to see those green shoots in the ground. There...

Yesterday’s Profit Watch contained a note of immodesty. It suggested some recent wisdom in being wary of bank stocks. Rest assured, oil continues to humble me every week. The oil price surge after the attacks on Saudi Arabia has dissipated as fast...

It might be time to get a little nervous if you’re an Aussie and travelling to Europe or the Middle East anytime soon. The Telegraph reports that the United Arab Emirates (UAE) is warning that Yemeni rebels are capable of...

Put your nose in the air and sniff the wind. Animals do that to catch a scent of prey. What’s that I’m sensing? More signs of trouble for 2020… News just in. Airbnb might be coming to the stock market next year,...

Profit Watch began the year with some bold forecasts. I put them down in a report called ‘Three Wild Market Predictions for 2019’. One prediction was that the Aussie market would touch all time highs again. It sounded ridiculous in January. It...

Ring the bell! There’s one thing to do today: watch oil stocks! Check out this from the Wall Street Journal on Sunday morning… ‘Coordinated drone strikes on the heart of the Saudi oil industry forced the kingdom to shut down half...

I’m feeling pumped. My little oil driller I mentioned yesterday is up another 12% in early trade. That comes after releasing more data this morning on its recent oil strike. It’s now up 69% since the close last Friday. You have...