Royal Dutch Shell Finally Hits The Energy Cliff

Royal Dutch Shell finally admitted that its oil production has peaked.  Thus, Shell is now the first oil major to finally hit the ENERGY CLIFF.  While Shell says that its oil production will continue to decline over the next three decades, management doesn’t provide an outlook of what that really will look like…

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TRIGGER ALERT: We Are Now Short Freeport-McMoRan Again

After the large spike higher soon after the opening bell, we decided to go short again Freeport-McMoRan (FCX).  We covered our previous short of FCX at $29.65, a $1 below our entry, due to a rising broader market and copper price.  However, we believe there will be a short-term correction in the markets…

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