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April 23rd, 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  

»» more editorials in the archives

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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 04/23/19

Crop Progress Showed a Tad of Corn Progress

Good Morning!

We have New Home Sales at 9:00 A.M., Cold Storage at 2:00 P.M. and API Energy Stocks at 3 :30 P.M. Crop Progress showed a little improvement as Farmers ramp it up with whatever they can, but Mother Nature has dealt a big blow while the prices are too cheap. Funds remain record short and they don't look to scale back anytime soon with weather forecasts changing and the uncertainty in the delicate U.S.-China trade talks and it looks like the money managers have not given up riding this pony down. Just like we saw with the Iranian waiver announcement certain traders saw it coming Sunday night and started to buy. But back to Corn if we have an announcement that a positive deal is struck, we could see a mass exodus. In the overnight electronic session, the May Corn is currently trading at 354 which is 3/4 of a cent lower. The trading range has been 355 to 352.

On the Ethanol front Marquis Energy has "shelved" plans for an Ethanol plant in Scott County Illinois. The company had plans to develop a $500 million Ethanol plant to be built near the Bluff by 2020. However, Illinois government anti-business and high tax policies will require the company to pursue expansions in surrounding states. In the overnight electronic session the June contract surpassed the May two to One in Open Interest so we will change our focus to the June contract which is currently trading at 1.362 which is .015 higher. The trading range has been 1.363 to 1.362. 5 contracts traded and Open Interest is at 910 contracts. The market is currently showing 1 bid @ 1.348 and 1 offer @ 1.356.

On the Crude Oil front we may see a chop from Mondays rally and see a pullback and see a Turnaround Tuesday, however, the news is bullish and this afternoons API data should have an interesting spin on the numbers and we could see a hard and fast rally. In the overnight electronic session the June Crude Oil is currently trading at 6564 which is 9 points higher. The trading range has been 6619 to 6559.

On the Natural Gas front the bears still have it. The market is moving slowing down the rabbit hole with the May contract currently trading at 2.523 which is .001 of a cent lower. The trading range has been 2.535 to 2.556.



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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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April 23rd, 2019

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