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June 18th, 2018

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editorials

 
Emerging Market Meltdown Could Undermine Oil Rally
OilPrice  Jun 01  

Natural Gas Flashes Buy Signal with Cycles Confirming
Chris Vermeulen  May 19  

IEA: High Oil Prices "Taking A Toll" On Demand
OilPrice  May 18  

Prospects of Small-Cap Texas Energy Company Increase as the Price of Oil Rises
Streetwise Reports  May 17  

Oil Market Update
Clive Maund  May 14  

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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 state—it being so early in the delineation and development process—means 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 state—it being so early in the delineation and development process—means 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 5–7 Mlb/year, in a country currently producing 4–5 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


The Corn & Ethanol Report 06/15/18

Tariff Battles Begin

Good Morning!

Reports on this Friday are Capacity Utilization and Industrial Production at 8:15 A.M. followed by NOPA Crush at 11:00 A.M. Meanwhile the Trump administration is going to impose a 25% tariff on $50 billion in Chinese goods, escalating the trade conflict between the world's two largest economies. Trump noted that the White House could impose additional tariffs if China retaliates with duties of its own on American crops or other goods. I do expect a response from China in wake of the U.S. action, but I do expect cooler heads to prevail but at the end of the day we will come to an understanding.

The futures market tend to overreact in these headlines and the timing of the implementation of the tariffs has investors scrambling. In the overnight electronic session the Grains are making new lows as I write. The July Corn is currently trading at 356 which is 7 cents lower. The trading range has been 365 to 355 1/4.

On the Ethanol front in the overnight electronic session the July Corn posted a trade at 1.406 which is .007 lower. 4 contracts traded and Open Interest is at 828 contracts. This market coupled with Corn is a headline in itself with tariff talk.

On the Crude Oil front the July contract is currently trading at 6666 which is 23 points lower. The trading range has been 6709 to 6656. I still remain bullish but the murky waters may clear after next Friday's OPEC and Non-OPEC nations meeting in Vienna to discuss production output. The markets will be swimming when the reality to investors this will be a long-term affect and not in the short-term.

On the Natural Gas front the market is chugging away with hot temperatures forecasted over the weekend and into Monday. In the overnight electronic session the July Natural Gas is currently trading at 3.000 which is 3 1/2 cents higher. The trading range has been 3.012 to 2.966.



A Subsidiary of Price Holdings, Inc. - an Employee Owned Diversified Financial Services Firm. Orders must be entered via direct verbal communication with a representative of our firm. We cannot be held responsible for orders left in any other manner. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investing in futures can involve substantial risk & is not for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading data-on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses. Member NIBA, NFA.

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.

Contact Dan at (888) 264-5665 or dflynn@pricegroup.com.



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