Oil & Gas

Despite being the world’s largest oil producer, the U.S. still imported more than 3 billion barrels of crude oil and petroleum products in 2021, equal to 43% of the country’s consumption and making it the world’s second-largest importer of crude oil behind China as illustrated in the infographic below from visualcapitalist.com. 

Russia currently supplies 40% of the natural gas imported by the EU, so which alternatives could European countries turn to in the event of Russia turning off the tap?

Gold and crude oil, both denominated in US dollars, are strongly linked so the gold to oil ratio is an important indicator of the global economy’s health.

14 countries make up 93.5% of the proven oil reserves globally each with at least 1% share. Here are those countries.

Over the past 120 years the gold:oil ratio has been a reliable indicator of when to invest in oil and when to invest in gold so what is it saying these days?

As a rule of thumb when the ratio is below 9, oil is relatively expensive (and gold is relatively inexpensive) and when the ratio is above 20, oil is relatively inexpensive (and gold is relatively expensive).

Given that oil will continue to be dominant in the energy mix for the short and medium term, which countries hold the most oil reserves?

Crude Oil is tanking of late as it breaks 3-year rising support! Where does long-term support come into play?

The entire commodity complex has now embarked on the next cyclical bear market within the context of its long term secular bear. Once the next recession arrives this trend should accelerate. The decline we have seen so far is just the beginning of this trend.

Today we have assembled a list of 5 TSX oil and gas stocks with the lowest forward looking EV/EBITDAX ratios (which include back exploration costs) so we can compare O&G exploration and production companies on a level playing field...