Not only are markets overvalued, so we’re in buyer beware territory, the laws of economics seem to have been suspended for the time being.  The cyclically adjusted P/E, a valuation measure created by the Nobel Laureate Robert Shiller, now stands at over 27, a level topped only during the 1929… Read More

The upstart driller with big plans is spreading like a weed across the Texas prairie. Read More

The era of historically low interest rates may finally be over.   Read More

Our neighbor to the north knows how to give income investors exactly what they want. Read More

A newly approved pipeline will improve market access and pricing for one of our favorite Marcellus gas producers. Read More

Watching the Super Bowl last Sunday made me think of “the fiduciary rule.” Let me explain. During a third-quarter punt return, a side judge missed it when Julian Edelman of the New England Patriots stepped out of bounds. The Patriots were awarded seven bonus yards, but Atlanta Falcons coach Dan… Read More

The oil giant took a big fourth-quarter charge for its devalued Rockies gas while netting more cash from operations. Read More

One of the most reliable and proven ways to build wealth over the long haul is to place investment capital in high-momentum trends. President Trump has promised to massively increase military spending and to also pursue a more assertive foreign policy. That adds up to filled coffers for America’s aerospace/defense firms. But… Read More

The world is starting to look a lot like 2008. The global financial system is awash in debt, civil societies are wracked by political turmoil, and equity markets are overvalued relative to historical benchmarks. Catalysts for a correction are abundant in America and overseas. Brexit was a harbinger of the… Read More

The regulatory environment will be a key factor. Read More