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June 17th, 2019

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editorials

 
Should We Rethink Nuclear Power?
OilPrice  Mar 09  

The $32 Trillion Push To Disrupt The Entire Oil Industry
OilPrice  Feb 28  

China imposes coking coal import restrictions at Northeast China ports: sources
  Jan 31  

Oversold Lithium Could Be About To Rally
OilPrice  Jan 30  

Saudi Arabia: We'll Pump The World's Very Last Barrel Of Oil
OilPrice  Jan 25  

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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 06/17/19

Bullish Breakout on Grains

Good Morning!

We have a Full Moon and Grain prices are higher! What are the odds? Another question is where will we be at Harvest Moon. Today we have Export Inspections at 10:00 A.M., NOPA Crush at 112:00 A.M. and Crop Progress at 3:00 P.M. and I believe the market digested all of what will be and is currently a perfect indicator of what the results will be with acreage and yields. This will not be a bumper crop. And it took until Mid-June for the market to grasp it while the funds continue to puke out record short positions. You cannot fight acreage weather and yields forever. In the overnight electronic session the July Corn is currently trading at 460 which is 7 cents higher. The trading range has been 464 1/4 to 458.

On the Ethanol front the July contract is currently trading at 1.632 which is .022 higher. The trading range has been 1.645 to 1.627. The market is currently showing 1 bid @ 1.629 and 5 offers @ 1.663 with 38 contracts traded and Open Interest is at 559 positions.

On the Crude Oil front we had a quiet risk on weekend which took some premium out of the market. Iran continues to boast anti-American and anti-Freedom to other countries while neglecting their own people. If the mullahs want to meet their maker I have the perfect roadmap. The market focus will be looking at tomorrows inventory data. We must remember that Russia and Saudi Arabia continue production cuts. The International Energy Administration (IEA) has spoken and said we will have a global economic slowdown which will dry up demand. I do not see that on the horizon and the IEA has been wrong several times before. We also must remember we have the G-20 meeting in less than two-weeks and if the U.S. and China can agree to terms the markets will explode to the upside. In the overnight electronic session the July Crude Oil is currently trading at 5224 which is 27 points lower. The trading range has been 5274 to 5177.

On the Natural Gas front it looks like the technical rally is over. There is so much product and not a lot of passion to support higher prices. In the overnight electronic session the July contract is currently bouncing back to unchanged at 2.387. The trading range has been 2.418 to 2.357.



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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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June 17th, 2019

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