The old joke about Chicago Bridge & Iron (NYSE: CBI) is that the company’s not in Chicago, doesn’t build bridges and doesn’t use iron. Instead, CBI, which is run from Texas and taxed in the Netherlands, is a leading designer and builder of energy infrastructure.The company did get… Read More

During last week’s investor chat, a subscriber asked a very good question: “You seem to favor energy stocks that have had huge moves to the upside, situations where the good news is already well known and factored into the price. Isn’t this approach quite risky?” Let’s address… Read More

In this issue: It can be terrifying to buy stocks that have already enjoyed a huge run, and this week we address the issue head-on after a reader questioned recent portfolio selections. We’ll also discuss the hottest new US shale plays as well as several new technologies, some promising… Read More

Despite doubling in less than a year, prices remain below the long-term average even as production in maturing shale fields tails off. Read More

Refiners are being asked to pay through the nose for ethanol US consumers won’t use Read More

Q: Please share with us your reasons for removing NuStar (NYSE: NS) from the portfolio. Does this change reflect a problem within NS or does it just mean that NS is not the style of company that you want for the new TES portfolios?RR: NuStar didn’t raise any… Read More

Whiting Petroleum (NYSE: WLL) just can’t get any respect. In December, it was the number one energy producer in the Bakken Shale, North America’s hottest energy play. Production rose 28 percent last year, and cash flow from operations rose 18 percent. What’s more, the development needed to finance the forecast… Read More

When old men start doting on train cars it could be that the second childhood is close at hand. Or it could be that they are multi-billionaires who can’t get enough of these lucrative profit engines. Train cars, and in particular the tank cars required to transport the abundance of… Read More

Warren Buffett didn’t become wealthy by making poor investment decisions. His wealth resulted from years of making prescient investments in very successful companies. He has had the occasional bad year, reportedly losing $25 billion in 2008/2009. But he had an estimated net worth at the time of $60 billion, so… Read More