Is there any upside in oil?

Follow this link if this email is not displaying correctly DAILY BULLETIN Friday 21 April 2017 Is there any upside in oil? by Filipe R Costa | Economics | 5 mins. to read Far from memory is the time when Saudi Arabia and OPEC were in control of global oil prices, as are oil prices above $100. A nascent fracking industry in the US, deteriorating social conditions in some oil producing countries and a desire in Saudi Arabia to retain market acted like an explosive mix that changed the fundamentals of the market. If OPEC still has the ability to put a floor on prices, the US fracking industry has the ability to put a ceiling on them. Every time prices go down significantly, OPEC cuts production. But, at the other extreme, every time oil prices start rising, the fracking industry starts adding output and thus limits upside price potential. With the fracking industry having been able to decrease breakeven prices, the upside limit on oil prices will be ever lower. For this reason, I'm not bullish long term on oil. The fundamentals behind the supply side are concerning and demand has also been struggling to grow. Part of that demand may be permanently lost to alternative energies. But in the short term, things may be a little different.    Click here to read the full story LATEST STORIES FROM OUR BLOG Merlin offers refuge from the political rollercoaster by Robert Stephens | Equities | 5 mins. to read If the last year has taught me one thing, it's that assumptions should never be made when it comes to politics or the economy. For example, the EU referendum and US Presidential election were supposed to deliver outcomes which differed wildly from the actual results.   Click here to read the full story Strategic Minerals: An "exponential" style run towards 3p by Zak Mir | Trading | 1 mins. to read It really has been a slow burn higher, but Strategic Minerals (LON:SML) is now delivering the lap of honour the bulls were hoping for in share price terms. Strategic Minerals has been the type of small cap situation that proves how patient the private investor needs to be.   Click here to read the full story The highest yielding share in London by Richard Gill | Equities | 6 mins. to read As my colleague John Kingham recently wrote in the March edition of Master Investor Magazine, "high yield stocks do not always deliver the yield you were hoping for."   Click here to read the full story Emotions aside, Next could be a stunning buy by Robert Stephens | Equities | 5 mins. to read Being able to put emotions to one side is possibly the most difficult part of investing. Accumulating knowledge and capital is within the reach of most people. However, being entirely logical while also taking subjective stances on companies is tough.   Click here to read the full story Tern: Break above 200 day line targets 16p by Zak Mir | Trading | 1 mins. to read I have to say that I became a fan of Tern well before the Internet of Things became the buzzword that it is now. In fact it is more than a buzzword; it has become something of a hot concept.   Click here to read the full story QUOTE OF THE DAY "History is the version of past events that people have decided to agree upon."                                                 Napoleon Bonaparte MASTER INVESTOR SHOW VIDEO EXCLUSIVE LATEST EDITION OUT NOW Driving into the future - Move your portfolio up a gear with the automotive revolution High income - The fund that pays 5% Jim Slater - The secrets to success of the man behind the "Zulu Principle" The dogs of AIM - How to profit from high-yielding small caps Jim Mellon - The master investor reveals his latest "money fountain" Click here to download as PDF   Click here to read online Master Investor Ltd. Suite 88, 22 Notting Hill Gate London, W11 3JE T: +44 7515 542707 E: swen@masterinvestor.co.uk Share the newsletter: Follow us: Copyright © 2017 Master Investor Ltd, All rights reserved. Master Investor is a trading name of Master Investor Ltd. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news. Want to change how you receive these emails? Why did I get this | Unsubscribe from this list | Update subscription preferences