oil

Thoughts on E&P (Oil Exploration & Production Companies)

May 17th, 2016|by Michael Ashley Schulman, Perspectives, The Here and Now|

Champagne Oil

Some rough notes to help frame an outlook for E&P companies

OIL OVERVIEW
The 2014 downturn in oil prices was caused by oversupply (not lack of demand); thus a correction of supply will improve prices

  • Oil supply/demand fundamentals will tighten through 2017
  • The incentive cost-curve for […]

DOLLAR PEGS AND CRYING UNCLE

January 11th, 2016|by Michael Ashley Schulman, Perspectives, The Here and Now|

Violin pegs

DOLLAR PEGS AND CRYING UNCLE

  • Dollar pegged currencies, especially those of oil producers, will cry uncle and de-peg from the Greenback; Saudi and even Hong Kong pegs are at risk
  • Saudi Arabia has picked a seemingly horrible moment to float Aramco – sign […]

Uncle Putin vs President Obama: Syria

October 1st, 2015|by Michael Ashley Schulman, Perspectives, The Here and Now|

What just happened: On September 30, 2015, Russia launched its first airstrikes against ISIS in Syria, but they actually mostly attacked CIA backed Syrian rebels fighting President Assad. Syria’s civil war has lasted four years, and Russia and the US have divergent views about its resolution. Russian President Vladimir Putin supports Syrian President Bashar al […]

After a two-month spring reprieve, markets again turned choppy

April 30th, 2008|by Michael Ashley Schulman, Perspectives, The Big Picture|

After a two-month spring reprieve from a brutal 2008 start, markets again turned choppy. Defensive investors are contemplating potential summer surprises for the global capital markets. Commodity exporters such as Canada, Australia, Brazil, Russia and the OPEC nations continue their strong economic spurt as rising commodity prices make their oil and mining resources ever more […]