39.940High38.640Low111.26KVolume38.920Open39.080Pre Close4.39MTurnover7.42%Turnover Ratio--P/E (Static)1.50MShares53.97852wk High--P/B58.80MFloat Cap26.47052wk Low--Dividend TTM1.50MShs Float88.000Historical High--Div YieldTTM3.33%Amplitude16.300Historical Low39.436Avg Price1Lot Size
$MICROSECTORS OIL & GAS EXP. & PROD. 3X LEVERAGED ETN (OILU.US)$
Tensions in the Red Sea
The tensions in the Red Sea seem to be escalating. We are seeing constant news stories about freighters being attacked by huthi militia groups and explosions at Red Sea ports. The Iranian military is even stepping up their military presence in the Red Sea. Iranians are sympathetic to the huthi forces, so this will only exacerbate the problem.
How long will the conflict last?
I have seen...
Natural Gas is Starting to Look More Bullish
Nat gas has had a rough go since November this year. It has lost over 20% of its value since. The unseasonably warmer than usual weather in the norther hemisphere and the slow global economic growth has held down the commodity.
More recently nat gas was consolidating near its lows with a bear flag type of wedge pattern. It seemed as if the commodity was forming a...
In a previous post about crude prices, I mentioned the areas where we might see some selling. Currently, the price of crude is just below the first area of resistance that I discussed. Check out the post in the link directly below.
Dovish Macro Picture
Oil prices have been on a very sharp rally for the past few months. Policy from Opec has been the main driver of this price spike. The macroeconomic situation is still very dovish fo...
Here are 3 reasons why Exxon Mobil ( $Exxon Mobil (XOM.US)$ ) remains attractive.
1. Sixteen analysts gave it a 'Buy' rating as of 9 September 2023.
2. The stock price has breakout from its sideways trend and now seems to be trending upward after the news of more crude oil output cuts announced in early August 2023.
3. Multiple funds have increased their positions in XOM such as MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ET...
Energy investors have had a very profitable few months. Oil prices have been on a sharp incline recently. How high can the price of oil go? Nobody knows for sure, but there are a few factors you can watch out for.
Laws of Demand
What causes oil prices to move? The laws of supply and demand dictate oil prices. It sounds simple, but with all of the geopolitical issues around the world, oil prices can be quite volatile and hard to ...
$Houston American Energy (HUSA.US)$
$Camber Energy (CEI.US)$
$Imperial Petroleum (IMPP.US)$
$Occidental Petroleum (OXY.US)$
$Vertex Energy (VTNR.US)$
$MICROSECTORS OIL & GAS EXP. & PROD. 3X LEVERAGED ETN (OILU.US)$
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