Tag Archives: oil crash

the oil rally won’t save these companies

Ever since oil cratered to $26/barrel on February 11th, prices have steadily inched higher. West Texas Intermediate has now climbed into the $40/barrel range. Not surprisingly, energy stocks have kept pace, with many service companies and independent producers hitting year-to-date highs. Unfortunately for some energy firms, however, this recovery will probably be too little, too late.

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the five biggest stories of 2015

First off, I’d like to thank everyone who bought a copy of Dead Companies Walking this year. I had a great time writing the book and it was fun hearing from folks who seemed to enjoy reading it, as well. I probably wasn’t able to respond to everyone who contacted me about it (though I tried), but I appreciate the kind words that many people sent my way. Thank you!

As for the markets, investors have had more than their fair share of emotional and actual volatility in 2015. After all the huffing, puffing, and cussing, the S&P and the Dow are more or less flat. That doesn’t surprise me very much (I expected modest gains for the indexes, at best). But a number of things have surprised me this year, some quite a bit. Here’s my list of the five biggest events of 2015, in order of earth-shattering importance:

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the oil crash isn’t the only thing killing energy companies

A few months ago I traveled to Houston and wrote about the increasingly upbeat mood I encountered at the energy companies I visited there. I came away from that trip thinking that well-managed service and exploration firms might be attractive investments. Many had declined 40-60 percent in response to oil’s decline from $104 last summer to the low-$40s by late fall. As oil prices rose past $60 this spring, I suspected these stocks could eventually rally.

So much for that idea.

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