The COVID-19 & the Big Depression of the 21st Century need LESS CRUDE OIL.

• There are dysfunction and craziness of the Oil markets and sooner or later it will backlash. The results can be devastating. Because of the manipulation of the paper oil markets (Derivatives) we expect a collision between physical supply and demand. (January 2009)

• People in the oil industry are not seeing any demand destruction. Only the talking heads are seeing it. We rather have supply destruction because of these unrealistic low prices.

•  # 1 Enemy of Oil is Government who will go and steal the money where it is. The latest best example was BP and the oil spill in the Gulf of Mexico...Joe six-pack has become too blind to see through the political game...Windfall profit taxes: there always is a possibility to see these again. However, the power of Democrats has been curtailed...and we have peak oil. The sector is running into the 2008 resistance and needs to build some stamina before higher levels will be seen. Restrictions on drilling in the USA are about to be lifted...Drillers will profit.

• Oil stocks offer an excellent diversification, pay a dividend, are SAFE and will go up a lot higher: Occidental petroleum or Oxy is our absolute favorite followed by Marathon Oil! Trans Canada pipeline is a strong buy. Don't forget Imperial Oil, Royal Dutch, and Statoil.

Note:

• Andeavor(ANDV)  Take Overbid - Tesoro (TSO) + Western Refining =Andeavor-2.03% - no longer traded after Marathon Petroleum took over the co.
• Marathon Oil paid out $ 20.07 per share in 2011. We used the funds to increase the position to 162 shares.
• Conoco broke out in May 2013.
• Royal Dutch new target (June 2014) is $ 90
• BP Prudhoe Bay (BPT) has a dividend yield of 10.57 %
• Baker Hughes TAKE OVER BID by Halliburton for $38 bn - share valued at $78.62
• Shell takes over BG (British Gas) - April 2015.
• Bellatrix :Net income rose from $67,000 in 2013 to $ 140,000 for 2014
• Venezuela’s PDVSA is close to a deal with Schlumberger (SLB) in order to bolster the company’s presence in Venezuela. Schlumberger had announced its decision to curtail operations in the country after PDVSA ran up billions of dollars in unpaid bills with the oilfield services giant. Venezuela’s oil minister says "there are 14 Schlumberger drills that will start operations soon under a different financing scheme." Schlumberger did not comment.[June 2016]
• TransCanada (TRP) won contracts on Monday from the Mexican government to build a $3.6 billion natural gas pipeline from Texas to the Mexican city of Tuxpan in the state of Veracruz on the Gulf Coast.