Oil Service Shares Holding, Natural Gas and Petroleum Slip

Source: MarketWatch, Steve Gelsi (12/15/08)

“Natural gas and petroleum producers fell Monday after oil futures reversed course and moved lower due to losses in the broad market and an upgrade of drilling giant Schlumberger.”

Oil service stocks held on to gains but natural gas and petroleum producers fell Monday after oil futures reversed course and moved lower due to losses in the broad market and an upgrade of drilling giant Schlumberger.

Crude futures shed gains earlier in the session and moved lower by $1.33 to close at $44.95 a barrel, brushing off statements by a key OPEC official that the cartel should consider a "very sizeable cut" in production at its meeting later this week.

Meanwhile, Baker Hughes Incorporated reported Friday that the number of drilling rigs working in the U.S. decreased to 1,790, down 12% from its September record and off 2% from the year-ago period. Although the figure confirms fears about the oil service business, it comes after the sub-sector has sold off more steeply than others in recent weeks.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."