Berkshire’s Latest Acquisition: Another Big Oil Bet
Commonly referred to as the Oracle of Omaha, Warren Buffett is one of the world’s most famous investors, heralded for his simple yet effective valuation methods. So when the legendary investor makes a big bet, most are willing to follow in hopes of cashing in on Buffett’s guru-like instincts. Buffett’s latest bet involves a $1.4 billion arbitrage on Phillips 66 (PSX) [for more commodity futures news and analysis subscribe to our free newsletter].
The Next Big Industry: Sand
Over the last few years, investors have witnessed the U.S. become a dominant force in the crude oil and natural gas space, thanks in part to rapid development in technologies. The use of hydraulic fracturing, or fracking, has boomed in recent years, as the technology has made it possible to reach significant oil and gas resources that had previously demonstrated a poor flow rate and weren’t economically accessible [for more commodity news and analysis subscribe to our free newsletter].
5 Commodity Stocks to Be Thankful for This Year
So far in 2013, commodity markets have had a troublesome year, with many analysts speculating that the epic commodity boom seen in recent years is finally over. On the equity side, however, major commodity producers have benefited from this year’s bull run, logging in double- and triple-digit gains. Oil and gas producers in particular continue to come out on top, while precious and industrial metal miners struggle to stay out of the red. But on this Thanksgiving Day, it is perhaps most appropriate for us to reflect on those commodity producers we’re particularly grateful for [for more commodity news and analysis subscribe to our free newsletter].
A Closer Look At EIA’s Latest Short-Term Energy Outlook
Though many day traders base their decisions on technical trends, savvy commodity traders also incorporate factual fundamental reports into their research to ensure that they are on the right side of the trade at all times. For energy traders, the data and outlook provided by the U.S. Energy Information Administration (EIA) are some of the most important reports to follow [for more commodity news and analysis subscribe to our free newsletter].