THURSDAY EDITION

December 2nd, 2021

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Energy Update
Jack Chan  Nov 09  

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

Energy Curiosities: Update
Bob Hoye  Jul 12  

Energy Update
Jack Chan  Mar 23  

Oil Market Update - sector arriving at heavy resistance...
Clive Maund  Mar 16  

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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


Omicron & Tapering. The Corn & Ethanol Report 12/01/2021

We start off the month with MBA Mortgage Market Index (26/Nov), MBA Mortgage Refinance Index (26/Nov), and MBA Mortgage Rate (26/Nov) at 6:00 A.M., ADP Employment Change (Nov) at 7:15 A.M., Markit Manufacturing PMI Final (Nov) 8:45 A.M., ISM Manufacturing PMI (Nov), Construction Spending MoM (Oct), ISM Manufacturing Employment (Nov), ISM Manufacturing New Orders (Nov) and ISM Manufacturing Prices at 9:00 A.M., EIA Energy stocks at 9:30 A.M., NY Fed Treasury Purchases 4.5 to 7yrs. at 10:20 A.M., Cotton System, Dairy Product Sales, Fats & Oils, Grain Crushings and Beige Book at 2:00 P.M.

On the Corn Front there was not a whole lot to like in Tuesday's action. The March corn fell below 572 support with the next support coming in at triple nickel. Funds had been adding longs on talk of lower U.S. 2022 supply and a strong cash basis levels. In the overnight electronic session the March corn is currently trading at 571 3/4 which is 4 1/4 cents higher. The trading range has been 5751/2 to 568 3/4.

On the Ethanol Front the market is low in price and attractive as demand in both exports and domestic use has risen again. We will get ethanol product and stocks this morning. The ethanol futures remain at zero open interest.

On the Crude Oil Front the market got trashed as the Fed is hawkish on tapering and the Omicron variant to Covid. Last night's API showed crude oil stocks down -747K, with builds in Cushing, Oklahoma +1M, Gasoline +2.2M and distillates +800K. Let's hope we got yesterday out of our system. In the overnight electronic session the January crude oil is currently trading at 6810 which is 182 points higher. The trading range has been 6949 to 6620.

On the Natural Gas Front this market sunk as well and is on track to have it's worst month in three years. This is not the news you want to hear going into winter. There was a silver lining with weather forecasts suggesting higher than normal temperatures for December, January and February the core heating demand months. This could further pressure the market. In the overnight electronic session the January natural gas is currently trading at 4.422 which is 0.145 lower. The trading range has been 4.664 to 4.356.

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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THURSDAY EDITION

December 2nd, 2021

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