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February 27th, 2021

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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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The Corn & Ethanol Report

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


Seems The Correction In The Grains Took It Too Far. The Corn & Ethanol Report 02/11/2021

We start off the day with Export Sales, Initial Jobless Claims (06/FEB), Jobless Claims 4-Week Average (06/FEB), and Continuing Jobless Claims (30/JAN) at 7:30 A.M., EIA Gas Storage at 9:30 A.M., Fed Monetary Policy Report at 10:00 A.M., 4-Week & 8-Week Bill Auction at 10:30 A.M., 30-Year Bond Auction at 12:00 P.M., and U.S. Budget Plan FY 2022 at 1:00 P.M.

On the Corn Front Wow! The soybeans were even slammed hard in yesterday's trading session. The correction seems well overdone; however, headlines continue to spook traders with South American weather getting better. But the old adage is, "it is not what you plant, but what you grow." Argentina and Brazil would need a huge reversal of fortunes in weather in their La Nina year to spike expected yields, which is a longshot but not impossible. China buying is not going to simply dry up and they will participate in the U.S. market while the bulls are worried about market shares going down with the news out of South America. The funds remained long 345,000 contracts of corn selling 30,000 contracts in Tuesday's action with whispers of more to come. I hope to get a more accurate and recent number soon and hope the export sales rock today. In the overnight electronic session, the March corn is currently trading at 531 which is 3 1/2 cents lower. The trading range has been 532 3/4 to 524 3/4.

On the Ethanol Front as production improves, we are still behind last year and have many hurdles ahead this year. Hopefully, the countries who regularly purchase U.S. ethanol continue and China will jump at the chance to buy the value this commodity pricewise has to offer. The market is watching energy prices as China could add an influx of demand and we do not want corn and crude prices to get out of hand for profit margins to producers. There were no trades posted in the overnight electronic session. The April contract settled at 1.729 and is currently showing 1 bid @ 1.550 and 0 offers posted with Open Interest at 43 contracts.

On the Crude Oil Front David Hodan with the Wall Street Journal reports the International Energy Agency (IEA) said in its monthly report that a recovery in demand would outstrip production the second half of the year prompting, "a rapid stock draw," while other news services report analyst predict we will see over $100 a barrel in 2022. And this comes at a time we gave away our energy independence and will import heavier carbon emission crude oil from countries like Russia who we just gave are market share to and cut production of U.S. lower carbon emission crude oil right here at home. Well, so much for saving jobs and the planet. In the overnight electronic session, the March crude oil is currently trading at 5828 which is 40 points lower. The trading range has been 5847 to 5811.

On the Natural Gas Front this cold weather will be around for a while and is expected to be bone-chilling cold this weekend and forecasters are calling for colder than normal temperatures will stay well into March. Well, that clears the decks of hoping for an early spring. This will buoy natural gas prices for sure. We have the EIA Natural Gas Storage at 9:30 A.M. and the Thomson Reuters poll with 20 analysts polled have estimates withdrawals ranging from 188-bcf to 150-bcf with the median decrease of 181-bcf. This compares to the one-year withdrawal of 141-bcf and the five-year average decline of 142-bcf. In the overnight electronic session, the March natural gas is currently trading at 2.973 which is .062 higher. The trading range has been 3.001 to 2.959.

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.

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



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February 27th, 2021

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