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October 6th, 2022

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Energy Update
Jack Chan  Jun 18  

Oil Market Update - targets for crude and oil stocks...
Clive Maund  Mar 07  

Oil Market Update - overbought but ultimately headed much higher...
Clive Maund  Jan 20  

Energy Update
Jack Chan  Nov 09  

China Snubs Australian Coal, Giving U.S. Coal Producers Breathing Space
Ken Silverstein  Sep 12  

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expert analysis & newsletter briefs

NexGen Energy Ltd.

"My top pick for 2016 is NexGen Energy Ltd. . . Arrow is an emerging world-class deposit that is still in the early stages of discovery. The stateit being so early in the delineation and development processmeans a lot of upside still remains. . .the company just closed a $21M financing, which means the company has enough cash to carry through 2016 and beyond." (12/23/15) - Gwen Preston, Resource Maven

NexGen Energy Ltd.

"My top pick for 2016 is NexGen Energy Ltd. . . Arrow is an emerging world-class deposit that is still in the early stages of discovery. The stateit being so early in the delineation and development processmeans a lot of upside still remains. . .the company just closed a $21M financing, which means the company has enough cash to carry through 2016 and beyond." (12/23/15) - Gwen Preston, Resource Maven

Fission Uranium Corp.

"Fission Uranium Corp. announced it entered into a binding letter of intent with China's CGN Mining, a subsidiary of nuclear giant China General Nuclear Power Group, to acquire 19.99% of Fission as part of an CA$82M strategic investment, along with a potential future offtake agreement on production from Patterson Lake South (PLS). . .we urge investors to bolster positions in Fission as the deal derisks development financing, and in the interim, should fund PLS through full feasibility and permitting." (12/22/15) - David Sadowski,

Energy Fuels Inc.

"Energy Fuels Inc. is the only conventional uranium producer in the U.S. and the second-largest producer overall. It has the potential become #1, given the projects and mines it has on standby or that are close to being in development. At full ramp-up we expect the company to be able to produce 57 Mlb/year, in a country currently producing 45 Mlb/year. The U.S. consumes 55 Mlb/year, but only about 10% is supplied domestically. U.S. utilities seeking security of supply will greatly prefer U.S. producers over those from Kazakhstan, Russia or Africa. This company is well positioned to benefit from higher uranium prices. We have a Buy rating with a target price of $11.85/share." (12/22/15) - The Energy Report Interview with Rob Chang

Fission Uranium Corp.

"Fission Uranium Corp. announced it entered into a binding letter of intent with China's CGN Mining, a subsidiary of nuclear giant China General Nuclear Power Group, to acquire 19.99% of Fission as part of an CA$82M strategic investment, along with a potential future offtake agreement on production from Patterson Lake South (PLS). . .we urge investors to bolster positions in Fission as the deal derisks development financing, and in the interim, should fund PLS through full feasibility and permitting." (12/22/15) - David Sadowski,


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from the publisher
  Robert J. Moriarty

Welcome to 321energy.



The Corn & Ethanol Report

Daniel Flynn
http://www.pricegroup.com/
dflynn@pricegroup.com


Saudi’s Snub Biden. Corn & Ethanol Report 10/06/2022

We kickoff the day with Challenger Job Cuts (Sep) at 6:30 A.M., Export Sales, Initial Jobless Claims (01/Oct), Jobless Claims 4-Week Average (01/Oct), and Continuing Jobless Claims (24/Sep) at 7:30 A.M., EIA Natural Gas Stocks at 9:30 A.M., 4-Week & 8-Week Bill Auction at 10:30 A.M., Fed Evans Speech and Fed D. Cook Speech at 12:00 P.M. and Fed Waller Speech at 4:00 P.M.

On the Corn Front we closed at tad higher. Ow demand for US exports due to a higher US dollar. There is more speculation that Russia will not extend to the Ukraine export corridor. Argentina’s weather remains dry while South Brazil is wet and North Brazil is dry. These factors should make next Wednesday’s Crop Production USDA Supply/Demand and WASDE data more significant. In the overnight electronic session the December corn is currently trading at 679 ¼ which is 4 ¾ cents lower. The trading range has been 685 ¾ to 686 ¼.

On the Ethanol Front production was up 4% from last week but down 9% on the year. While Stocks were in reverse with we were down 4% from last week and 9% higher on the year. The ethanol futures remain in drydock.

On the Crude Oil Front we are in need to replenish the Strategic Petroleum Reserves (SPR’s) and it looks like the Biden administration trapped themselves in buying high and selling low. Not sound economics and take a wild guess who gets footed with the bill. Another thing about politics in the Middle East is doing business or cutting deals with Iran will draw a not so subtle response from Saudi Arabia and their allies and could endanger the Abraham Accord. With OPEC cutting production 2 million barrels a day and we are forced to buy dirty fuel from our enemies. There is nothing good that will come of this and I know I sound redundant but reinvesting in US Oil our problems will be solved and bolster an already fragile economy. In the overnight electronic session the November crude oil is currently trading at 8756 which is 20 points lower. The trading range has been 8866 to 8704.

On the Natural Gas Front we have the EIA Gas Storage and the wsj.com surveyed 14 analyst that their estimates range with injections of 95 bcf to 131 bcf with the target 114 bcf. This compares to the one-year injection of 114 bcf and the five-year average of 87 bcf. In the overnight electronic session the November natural gas is currently trading at 7.020 which is 0.090 higher. The trading range has been 7188 to 6.921.

Have A Great Trading Day!



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The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The PRICE Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author.

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October 6th, 2022

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