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April 21st, 2015

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The most recent Commitment of Traders Data from the CFTC.

Heating Oil :: Crude Oil :: Palladium :: Platinum :: Unleaded Gasoline :: Natural Gas

Heating oil

#2 HEATING OIL, NY HARBOR-ULSD - NEW YORK MERCANTILE EXCHANGE
CFTC Commitment of Traders  *Combined Futures and Options*
04/14/2015
Reportable Positions as of 04/14/2015 Non- Reportable Positions
Speculators Commercial Total
Long Short Spreading Long Short Long Short Long Short
62999 85969 85280 201649 186216 349928 357465 44690 37154
Changes from last report - Change in Open Interest: 1989
5577 -4430 1262 -4092 6411 2747 3243 -757 -1254
Percent of Open Interest for each category of traders
16.0 21.8 21.6 51.1 47.2 88.7 90.6 11.3 9.4
Number of traders in each category; Total Traders: 41
41 51 59 78 76 156 155    
(CONTRACTS OF 42,000 U.S. GALLONS) Open Interest: 394619


Natural Gas

NATURAL GAS - NEW YORK MERCANTILE EXCHANGE
CFTC Commitment of Traders  *Combined Futures and Options*
04/14/2015
Reportable Positions as of 04/14/2015 Non- Reportable Positions
Speculators Commercial Total
Long Short Spreading Long Short Long Short Long Short
252206 489374 333105 402621 185575 987931 1008054 71030 50907
Changes from last report - Change in Open Interest: 40490
11091 20560 25030 -836 -10516 35285 35074 5206 5417
Percent of Open Interest for each category of traders
23.8 46.2 31.5 38.0 17.5 93.3 95.2 6.7 4.8
Number of traders in each category; Total Traders: 95
95 129 145 60 54 249 250    
(Contracts of 10,000 MMBTU'S) Open Interest: 1058961


Crude Oil

CRUDE OIL, LIGHT SWEET - NEW YORK MERCANTILE EXCHANGE
CFTC Commitment of Traders  *Combined Futures and Options*
04/14/2015
Reportable Positions as of 04/14/2015 Non- Reportable Positions
Speculators Commercial Total
Long Short Spreading Long Short Long Short Long Short
533501 210228 1070261 975777 1292085 2579540 2572574 90276 97242
Changes from last report - Change in Open Interest: 35033
1080 -27666 -16225 49546 84340 34401 40449 632 -5417
Percent of Open Interest for each category of traders
20.0 7.9 40.1 36.5 48.4 96.6 96.4 3.4 3.6
Number of traders in each category; Total Traders: 153
153 178 239 98 104 387 396    
(CONTRACTS OF 1,000 BARRELS) Open Interest: 2669816


Palladium

PALLADIUM - NEW YORK MERCANTILE EXCHANGE
CFTC Commitment of Traders  *Combined Futures and Options*
04/14/2015
Reportable Positions as of 04/14/2015 Non- Reportable Positions
Speculators Commercial Total
Long Short Spreading Long Short Long Short Long Short
23551 6347 1159 6304 23583 31014 31089 1520 1445
Changes from last report - Change in Open Interest: -49
-106 -1093 368 -224 732 38 8 -87 -56
Percent of Open Interest for each category of traders
72.4 19.5 3.6 19.4 72.5 95.3 95.6 4.7 4.4
Number of traders in each category; Total Traders: 77
77 38 21 32 34 121 84    
(CONTRACTS OF 100 TROY OUNCES) Open Interest: 32534


Platinum

PLATINUM - NEW YORK MERCANTILE EXCHANGE
CFTC Commitment of Traders  *Combined Futures and Options*
04/14/2015
Reportable Positions as of 04/14/2015 Non- Reportable Positions
Speculators Commercial Total
Long Short Spreading Long Short Long Short Long Short
50426 20671 1243 13201 44717 64871 66632 5055 3294
Changes from last report - Change in Open Interest: 132
-457 -1126 166 620 1071 329 112 -197 21
Percent of Open Interest for each category of traders
72.1 29.6 1.8 18.9 63.9 92.8 95.3 7.2 4.7
Number of traders in each category; Total Traders: 102
102 53 17 38 38 147 102    
(CONTRACTS OF 50 TROY OUNCES) Open Interest: 69926


more 321energy

editorials

 
Innovation and Efficiency Drive U.S. Oil Supply and Demand
Frank Holmes  Apr 01  

Oil Market Update
Clive Maund  Mar 29  

Still Another Update on Oil
Ferdinand E. Banks  Mar 24  

Oil Market Update
Clive Maund  Feb 24  

A Daily Energy Economics Dozen
Ferdinand E. Banks  Feb 18  

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)April 15th, 2015
$39.00 -$0.25 www.uxc.com

»View Commitment of Traders.

expert analysis & newsletter briefs

Royal Dutch Shell Plc

"Royal Dutch Shell Plc's acquisition last week of BG Group Plc was notable for many reasons, not the least of which was the all-time record set for the corporate buyout of an exploration and development company. . .the addition of BG's 7 Mt/year is creating a veritable liquefied natural gas behemoth with nearly double Exxon Mobil Corp.'s market share." (4/14/15) - Pavel Molchanov, Raymond James

Galaxy Resources Ltd.

"Galaxy Resources Ltd. recently sold its operating asset in China, the Jiangsu lithium carbonate plant, to Sichuan Tianqi Lithium Industries Inc. for an enterprise value of $173.2M. This has significantly improved the company's balance sheet and provides it with considerable financial muscle to advance its Sal de Vida lithium and potash project." (4/14/15) - RB Milestone Group

Energy Fuels Inc.

"It's been three months since the merger of Energy Fuels Inc. and Uranerz Energy was announced. The deal is transformational in that it creates multiple avenues of producing returns for shareholders. Energy Fuels had been a conventional uranium miner and producer. Adding Uranerz will give it an in-situ recovery (ISR) method of production and therefore the flexibility to fluctuate between the two methods as needed. ISR also provides a low-cost option should the uranium price flatten or trend downward. And the merger also provides the new company with additional cash flow to reinvest into larger uranium conventional projects should the uranium price reach the $5560/lb range. . .Energy Fuels has contracts beyond this year. I believe the contracts do get a little smaller as we go out, but Energy Fuel's goal is to produce only from its conventional mining methods what it needs to deliver into those contracts. Should the uranium spot price rise above $50/lb, Energy Fuels would be able to increase production. On the other hand, should the spot price remain flat, we'd expect the company to produce just enough to meet contracts, with perhaps a slight amount beyond that to provide a cushion. The 75 Klb is just it finishing up the Pinenut mine in Arizona. Next year, Energy Fuels will switch to its Canyon mine in Arizona, which is expected to produce the 700 Klb it will need for next year's deliveries. . .we're maintaining a Buy rating and an $11 target price for Energy Fuels until we get further guidance. My overall view is that the Uranerz acquisition will result in a stronger, better company. Its current valuation is based solely on Energy Fuels, so there is upside for the combined company, even though reworking the numbers may or may not result in a higher valuation after the fact. . .given the potential for price shocks, up or down, having flexibility in its production schedule and investment decisions is a significant differentiator for Energy Fuels. It stands apart from the other uranium juniors that have solely conventional or ISR production." (4/14/15) - The Mining Report Interview with Joe Reagor

Energy Fuels Inc.

"It's been three months since the merger of Energy Fuels Inc. and Uranerz Energy was announced. The deal is transformational in that it creates multiple avenues of producing returns for shareholders. Energy Fuels had been a conventional uranium miner and producer. Adding Uranerz will give it an in-situ recovery (ISR) method of production and therefore the flexibility to fluctuate between the two methods as needed. ISR also provides a low-cost option should the uranium price flatten or trend downward. And the merger also provides the new company with additional cash flow to reinvest into larger uranium conventional projects should the uranium price reach the $5560/lb range. . .Energy Fuels has contracts beyond this year. I believe the contracts do get a little smaller as we go out, but Energy Fuel's goal is to produce only from its conventional mining methods what it needs to deliver into those contracts. Should the uranium spot price rise above $50/lb, Energy Fuels would be able to increase production. On the other hand, should the spot price remain flat, we'd expect the company to produce just enough to meet contracts, with perhaps a slight amount beyond that to provide a cushion. The 75 Klb is just it finishing up the Pinenut mine in Arizona. Next year, Energy Fuels will switch to its Canyon mine in Arizona, which is expected to produce the 700 Klb it will need for next year's deliveries. . .we're maintaining a Buy rating and an $11 target price for Energy Fuels until we get further guidance. My overall view is that the Uranerz acquisition will result in a stronger, better company. Its current valuation is based solely on Energy Fuels, so there is upside for the combined company, even though reworking the numbers may or may not result in a higher valuation after the fact. . .given the potential for price shocks, up or down, having flexibility in its production schedule and investment decisions is a significant differentiator for Energy Fuels. It stands apart from the other uranium juniors that have solely conventional or ISR production." (4/14/15) - The Mining Report Interview with Joe Reagor

Uranerz Energy Corp.

"It's been three months since the merger of Uranerz Energy Corp. and Energy Fuels was announced. The deal is transformational in that it creates multiple avenues of producing returns for shareholders. Energy Fuels had been a conventional uranium miner and producer. Adding Uranerz will give it an in-situ recovery (ISR) method of production and therefore the flexibility to fluctuate between the two methods as needed. ISR also provides a low-cost option should the uranium price flatten or trend downward. And the merger also provides the new company with additional cash flow to reinvest into larger uranium conventional projects should the uranium price reach the $5560/lb range. . .Uranerz makes the new company better by providing a lower-cost production footprint. Nichols Ranch will be an ISR producer and is expected to have significantly lower operating costs than those of conventional mines such as Canyon. Uranerz is also bringing some contracts that Energy Fuels can deliver into. Plus, Uranerz's additional ISR projects give Energy Fuels additional future production flexibility." (4/14/15) - The Mining Report Interview with Joe Reagor


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April 21st, 2015

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