Leonard Brecken

Latest articles from Leonard

• M&A The Only Survival Strategy For The Oil Sector Now

  Published 14 May 2015 | viewed 20,196 times

  History dictates that flat oil price curves are rare events and usually signal a pivot point in future pricing and economic activity. Today’s curve can’t…

• Here Is Why Predictions For Lower Oil Prices Are Wrong

  Published 12 May 2015 | viewed 25,637 times

  Once again, we wake up with markets reacting more to macro data versus fundamentals, Goldman Sachs reiterating its bearish call on oil and the EIA…

• Is This The Top For Oil Prices For Now?

  Published 06 May 2015 | viewed 23,387 times

  E&P earnings are coming in and the impression we’re left with is that natural gas investment in Marcellus is being reduced, while oil overall appears…

• How Shale Is Becoming The .COM Bubble Of The 21st Century

  Published 30 April 2015 | viewed 27,073 times

  As I review the financials of one of the largest shale producers in the United States, Whiting Petroleum (WLL), I can’t help but notice the…

• Range Resources Expects Natural Gas Glut To Even Out By Year End

  Published 29 April 2015 | viewed 7,135 times

  Range Resources (RRC) held its quarterly conference call earlier today. Before going into this, we have in the past highlighted the obsession on supply side…

• Oil, The Fed And The Ugly Truth About Capital Markets

  Published 28 April 2015 | viewed 14,379 times

  As we as Americans wake up to more riots, one has to wonder if all is well with things. For six months now we have…

• Have Natural Gas Prices Bottomed?

  Published 27 April 2015 | viewed 24,219 times

  Last Friday we finally got confirmation of where all the natural gas supply has been coming from as Cabot (COG) reported its earnings. Just like…

• A Plot To Hold Down Oil Prices Or Just A Happy Coincidence?

  Published 23 April 2015 | viewed 23,510 times

  The recent unprecedented surge in oil imports has again prompted a review of things here. In a prior story, we wrote that the lack of…

• What Happens To US Shale When The Easy Money Runs Out?

  Published 21 April 2015 | viewed 26,350 times

  Today we will take a look at both Whiting Petroleum (WLL) and Continental Resources (CLR) as far as their Bakken economics. Overall the numbers will…

• Saudi Price War Strategy May Blow Up In Their Face

  Published 20 April 2015 | viewed 25,730 times

  This morning markets woke to rising Middle East tensions which cause upward pressure on prices offset by headlines via Reuters “Naimi says Saudi oil production…

• The Latest Media Attempts To Suppress Oil Prices

  Published 17 April 2015 | viewed 22,507 times

  It started with the Iranian supply overhang and has grown louder by the day in the media. While we were all supposed to be cowering…

• Has The U.S. Reached “Peak Oil” At Current Price Levels?

  Published 15 April 2015 | viewed 26,755 times

  Last night the EIA once again capitulated on the myth that rig counts don’t matter and the productivity of wells would largely offset, leaving the…

• What The Oil Markets Have In Store: Interview With Mike Rothman

  Published 14 April 2015 | viewed 17,880 times

  Oilprice.com sat down with the President and founder of CornerStone Analytics Mike Rothman to discuss the current state of the global oil sector, with a…

• What’s Really Behind The U.S Crude Oil Build

  Published 10 April 2015 | viewed 34,472 times

  Last week we saw another 10MB massive crude oil build domestically at a time when US production is flattening, refinery capacity is rising and gasoline…

• Is Private Equity Distorting E&P Asset Prices?

  Published 08 April 2015 | viewed 16,471 times

  The easy money created by the Federal Reserve via QE has long since been the root cause of asset price distortion well beyond what fundamentals…

• EIA Changes Tack On Latest Oil Crisis

  Published 07 April 2015 | viewed 22,788 times

  As previously reported the EIA, the IEA and the media have been understating demand and overstating “estimated” production. Today the EIA capitulated, finally exposing the…

• Media Spin On Oil Prices Running Out Of Fuel

  Published 06 April 2015 | viewed 25,639 times

  This morning much to my shock investors woke up to yet another sensationalistic spin on “facts” from the media and brokers (GS in the lead)…

• Oil Rebound May Come Sooner Than Expected

  Published 03 April 2015 | viewed 43,475 times

  The EIA reported continued gains in oil inventory coming in slightly above expectations at 4.8MB. But for the first time this year production actually dropped…

• U.S. Oil Glut Story Grossly Exaggerated

  Published 28 March 2015 | viewed 31,765 times

  Recently, I have noticed that oil storage & production data (and media hype for that matter) has disconnected from hard data. This has been occurring…

• Forget Rig Counts And OPEC, Media Bias Is Driving Oil Down

  Published 26 March 2015 | viewed 26,798 times

  We are in an age of propaganda where most people argue viewpoints not based on facts but on selective perception basis. They cherry pick what…