News
August 12, 2020
The oil market has never been more tumultuous than over the last four months. Fears over the COVID-19 pandemic combined with a OPEC market share war left inves- tors worried that storage capacity would be exhausted in May. A huge wave of panic selling into the expiration of the May 2020 WTI contract on April 20th drive oil prices to nearly -$40 per barrel.
June 4, 2020
The IRS is giving real estate investors currently working toward 1031 exchanges a little extra time to get their deals done during the coronavirus pandemic. But there are still some fine points to figure out.
May 20, 2020
Great News! On March 9, 2020, the IRS issued Notice 2020-23, extending a variety of deadlines, including 1031 deadlines.
May 20, 2020
With the OPEC price war behind us, headlines have been focused on decreased global oil demand, the current lack of storage available and market factors that led to negative WTI prices.
May 18, 2020
“In the history of crude oil, nothing can compare to the past two months.” Goehring & Rozencwajg managing partner Adam Rozencwajg recently joined Financial Sense (FS) Senior Editor Cris Sheridan on the FS podcast to provide an update on global oil markets. This truly is an unprecedented time for energy markets and the implications of reducing global output will likely be with us for years.
April 20, 2020
Oil prices have joined bond yields in doing the unthinkable: trading at negative levels. In the case of oil, the West Texas Intermediate (WTI) May 2020 contract reached a low of -$40.32 at 2:24 pm on Monday, April 20, before rallying back to finish the day at -$15.92 per barrel. This marked the first time in history oil prices broke below zero.
February 6, 2020
Royalty checks from a recently drilled well will commence immediately after the well is completed.