Best of: Energy Investor Resources

At some point, I decided to specialize in petroleum and natural resource investing. My rationale was that generalizing held me back from achieving my true potential. Specializing would allow me to more fully grasp the business fundamentals and, therefore, grant me  an edge over generalist investors. However, as I was to find out, investing fundamentals are a generalists’ domain.

In spite of this epiphany, here I am anyway…

I complied the following information to provide an overview of staple resources that I use to conduct research.

  1. Seeking Alpha
    There are tremendous energy investment resources published under Seeking Alpha (SA). For several months now, SA Editor Michelle Carini, has published a weekly energy roll-up with links to SA articles and external sources of significance. Seeking Alpha also allows members to sign up for a daily energy investing newsletter. The biggest problem now is too much information. To deal with overwhelming data, my advice is to first pick a focus: do you want to focus on macrotrends analysis, valuation analysis, or a balance? My advice is to select analysts who do both well (they are rare). While microeconomic analysis is the core of a sound investment approach, the ability to generalize the big picture is both more illuminating and entertaining. Finally, pick a core cadre of good analysts to follow. To get started, these are just a few “must follows” for energy, natural resources, and oil & gas: Michael FitzsimmonsHFICallum TurcanForce Majeure; Value DiggerZoltan BanRobert Boslego; and ValueAnalyst. I also recommend that interested parties reviews analysts’ track records on TipRanks. Past performance is not everything, but it is an important piece of the whole picture.
  2. Twitter Personalities and Hashtags
    Actually, Twitter can be quite useful –professionally speaking — if you know which hashtags and profiles are of interest. Notably, the Organization of Oil Trading Tweeters (#OOTT) has spawned an incredibly active and diverse community of oil enthusiasts. OOTT Founders Sam Madani (@Samir_Madani) and Lisa Ward (@Lisa_Ward1990) have also founded TankerTrackers.com (@TankerTrackers).
  3. Podcasts
    Podcasts are immensely time-efficient means by which to stay educated during commutes. In 2017, EKT Interactive has made a heroic effort to keep their podcast content fresh and unique. Oil and Gas This Week, featuring Mark Lacour and Jake Courley is a relatively recent entrant but has gained wide acceptance. Vox Markets with Justin Waite is a Euro-centric podcast aimed at delivering executive level interviews and technical analysis to resource and financially oriented investors. Almost every Thursday, Motley Fool’s Industry Focus Podcast hosts an energy and material goods edition featuring regular co-hosts. I miss Tyler Crowe’s (TMFDirtyBird) regular presence, but the recent change up appears to be for the better.
  4. The Mainstream Media
    Even the mainstream media deserves credit where credit is due. The CEO interviews on Jim Cramer’s Mad Money on CNBC are an immensely valuable and unique source of information. CNBC regular Dennis Gartman (of The Gartman Letter) possesses a thorough understanding of the market dynamics which drive crude oil spreads. I will say this, though: to its discredit, the mainstream media tends to be deeply pernicious and short-sighted.
  5. Research Houses
    1. BTU Analytics
    2. Natural Gas Intelligence (NGI)
    3. RBN Energy
    4. Rystad Energy
    5. Drilling Info
    6. Genscape
    7. Bloomberg New Energy Finance
  6. Staple Analysts
    1. John Kemp (Reuters / World coverage) – Renowned for having spotted asymmetric bets (“the big long”) on crude oil in 2014-2015.
    2. Geoffrey Morgan (Financial Post / Canadian Upstream and Midstream Coverage)
    3. Zoltan Ban (Seeking Alpha / Upstream) – His TipRanks track record speaks for itself.
    4. Value Digger (Seeking Alpha / Upstream) – Value Digger does an astoundingly good job uncovering value. He is a generalist, but devotes a significant portion of effort to identifying upstream value. His/her TipRanks track record is shockingly good.
    5. HFIR (Seeking Alpha / Upstream) – Operating tempo is feverish, especially given his/her outstanding track record on TipRanks.
    6. Laurentian Research (Seeking Alpha / Upstream) – A delightfully colorful writer with an envious TipRanks track record.
  7. Staple Reports
Daily
  • EIA
    • Today In Energy – A staple product for a U.S.-centric daily synopsis on energy topics. Includes updated regional energy prices from a variety of data sources (wholesale spot petroleum prices from Thomson Reuters; retail petroleum prices from AAA Fuel Gauge Report, front month energy futures from CME Group, and select spot prices from SNL Energy).

Weekly

Monthly

Quarterly and Semi-Monthly
Annual and Semi-Annual

Periodic
  • Rystad Energy Press Releases
  • Government of Canada – National Energy Board (NEB)
    • Market Snapshots
      • “Regular energy information updates illustrate emerging trends in various segments of the energy market. They provide topical energy information to Canadians.”
    • Feature Articles
      • “Feature articles provide regular, in-depth analyses related to trends in Canadian energy markets.”
  • Alberta Energy Regulator (AER)
    • ST98: Alberta’s Energy Reserves and Supply/Demand Outlook
      • “…AER regularly updates ST98: Alberta’s Energy Reserves and Supply/Demand Outlook, which gives stakeholders independent and comprehensive information on the state of reserves and supply and demand for Alberta’s diverse energy resources: crude bitumen, crude oil, natural gas, natural gas liquids, sulphur, and coal.”

Notes:

  • I encourage those interested in building a foundational understanding of the oil and gas business to visit this site’s “Fundamentals” section for updated industry primers.
  • My Energy Blog and Energy News feeds aggregate news and updated content from a number of primary outlets.
  • For brave souls who dare conduct their own research, I have compiled additional resources in The Depths of Commodity Hell

If you feel that I’ve neglected an essential resource, or have somehow misfairly rated any of the aforesaid, please reach out with your feedback…