THURSDAY EDITION

October 30th, 2014

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editorials

 
Total War over the Petrodollar
Doug Casey  Oct 28  

Casey Research’s Marin Katusa, author of The Colder War, the new book Ron Paul says “shows the real threat to the American people.”
Doug Casey  Oct 24  

Why It's Different This Time
Keith Schaefer  Oct 16  

Are you afraid of a big bag oil shock, Ferdinand?
Ferdinand E. Banks  Oct 14  

Oil, Nat Gas, Inflation, Deflation and Gold discussion w/ Rick Rule
Market Sanity  Oct 03  

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)Oct 27th, 2014
$36.50 +$0.85 www.uxc.com

»View Commitment of Traders.

expert analysis & newsletter briefs

Fission Uranium Corp.

"We rate Fission Uranium Corp. as a Top Pick and continue to view 100%-owned Patterson Lake South (PLS) as the world's premier undeveloped uranium project. . .no other undeveloped asset in the world rivals PLS' combined attributes of large size, high grades and shallow depths." (10/22/14) - David Sadowski, Raymond James

UEX Corp.

"UEX Corp.'s pivot eastwards, from its primary focus of the past several years, 49%-owned Shea Creek, to shallower, basement-hosted targets at Hidden Bay is a positive one, in our view. . .exploration costs are also lower, and the company, given its 100% ownership, has full control over every dollar spent." (10/22/14) - David Sadowski, Raymond James

Ur-Energy Inc.

"We are maintaining our Outperform rating and $1.80 target on Ur-Energy Inc. and flag it as our Top Pick among uranium producers. The company continues to impress at its 100%-owned Lost Creek in situ leach mine." (10/22/14) - David Sadowski, Raymond James

New Zealand Energy Corp.

"New Zealand Energy Corp. recently secured a $4.5M credit facility with TWN joint venture partner New Dawn Energy Ltd. (private) with the proceeds to be directed toward development work there. Workover activity on Waihapa-2 is set to begin shortly with first production expected by year-end. . .we continue to rate New Zealand Energy a Buy." (10/20/14) - M Partners

Mart Resources Inc.

"While Mart Resources Inc.'s production downtime and pipeline losses in September were not out of line compared to other months this year, we expect relief from these twin exposures when the Umugini pipeline commences flow. Mart reported the completion of this pipeline earlier this month. We expect flow to commence at the end of October. . .current production, expected ramp up of production growth, higher crude entitlement from the partnership and reasonable netback (~$35 in cash netback under a $85/bbl Brent price scenario) should maintain healthy operating cashflow. . .we maintain our Buy rating." (10/16/14) - Amin Haque, MGI Securities


featured companies

Avanti Energy (TSX-V : AVN.V)
Enhancing Oil Production in Brazil and Colombia
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Pan Orient Energy (TSX-V:CAN)
Canadian junior oil and natural gas company based in Calgary, Alberta.
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Quantum Energy (QEGY.PK:OTC)
Development stage publicly traded diversified holding company with an emphasis in oil field development trading
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Super Nova Minerals Corp. (SNP:CNSX, OTC:SNOVF)
Oil & gas exploration company focused on developing the Millford Bakken property
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The Energy Report ()
Investment ideas for saavy investors
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Torchlight Energy (NASDAQ: TRCH)
Oil Drilling and Working Interest in Oil Projects
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from the publisher
  Robert J. Moriarty

Welcome to 321energy.



The Energy Report

Phil Flynn
http://www.pricegroup.com/
pflynn&pricegroup.com


The Phil Flynn Energy Report Wednesday October 29th 2014

The Oil Shot

While the U.S. gets ready to end QE it seems the U.S. is getting stimulated in a different way, courtesy of Big Oil. Consumer confidence soared as gas prices fell proving once again that the way to win the heart of America is cheap gas prices. In fact the Conference Board said consumer sentiment hit 94.5, the highest level since October 2007, the same month that then Fed Chairman Ben Bernanke started to lower U.S. interest rates as he started to realize that failures in the Sub-prime market were indicative a much larger unfolding economic crisis. I think it is interesting to note that on the day before the Federal Reserve is likely to end QE the confidence of the consumer is back to where it was when most investors and consumers where oblivious to any problems in the economy.

One of the reasons that the Fed can dare act is the economic cover that low gas prices and surging US energy production can provide. While Economic policies coming out of Washington have put a drag on the economy, the boost provided by big oil cannot be underestimated. Just the recent drop in price could add another 1.5% to our GDP not to mention the positive impact that reduced imports and increased exports on our overall trade deficits. he U.S. oil and gas industry has provided the US with 9,833,200 jobs according to the American Petroleum Institute not to mention $1,209 billion in economic activity.

Yet with increased consumer confidence we are also now seeing signs of better gas demand and that may slow the recent oil market meltdown. The American Petroleum Institute released a report that reported a 3.7 million barrel drop in U.S. gas supply. While some of that was seasonal in nature it also reelected the fact that gasoline demand as improving almost as much as consumer confidence.

Crude stocks on the other hand continue to build as crude supply increased by 3.2 million barrels. In the Cushing Oklahoma delivery point supply increased by just 274,000, a number that may bring in some buying and some short covering.

Distillates that include Jet fuel and diesel fell 3 million barrels mainly driven by demand from U.S. farmers that are filling their equipment with diesel for harvest.

With the Fed decision to end QE seemingly priced in and with better demand numbers oil should mount a recovery rally and retest around the 8475 area. RBOB Gasoline looks poised to shoot for around 225 and distillate around 254. That is assuming that the Energy Information Administration confirms the spirit of the API report.

Of Couse OPEC is still trying to come to grips with falling prices. Dow Jones reported that the Chief of OPEC Abdallah Salem el-Badri says that half of U.S. shale production could be shut down if oil prices stay low. Perhaps wishful thinking but it also show that OPECs plans to flood the market is a direct assault on the U.S. shale producer.

Abdallah Salem el-Badri also said that the impact of falling oil prices on OPEC has been muted by hedging. Of course hedging would not have been possible without OPEC's favorite scapegoat, the oil market speculator. It seems the folks that OPEC loves to hate, and blames on for tanking oil prices are the same ones that provided a vehicle for them to remain afloat. You're Welcome.

Natural Gas also looks like it is getting support. Weather is starting to get colder and we should be close to a seasonal bottom. Besides if gasoline prices stay low we might decide to keep our house a bit warmer and the thermostat set higher as we will feel less stress about the monthly bill.

The Price Links Video series gives insight across the financial spectrum. https://www.youtube.com/playlist?list=PLDq9JQANqxRxCBaHqunzBT4Frxitjw-XV. You can also get updates if you follow me on Twitter @energyphilflynn and you can also join me on Face Facebook. If you have any questions or if you want to get my wildly popular trade levels call me at (888-264-5665) or Email Pflynn@pricegroup.com. If you want to start trading apply by hitting this link https://newaccount.admis.com/?office=269.

There is a substantial risk of loss in trading futures and options.

Past performance is not indicative of future results. 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 commodities. PFGBEST, its officers and directors 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.

Phil is one of the world's leading energy market analysts, providing individual investors, professional traders and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline and energy markets. Phil's market commentary, fundamental and technical analysis, and long-term forecasts are sought by industry executives, investors and media worldwide.

PLACING CONTINGENT ORDERS SUCH AS "STOP LOSS" OR "STOP LIMIT" ORDERS WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS. SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.

Past performance is not indicative of future results. 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 commodities. Alaron Trading Corp. its officers and directors 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.

Contact Phil at 800-935-6487 or pflynn&pricegroup.com.



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October 30th, 2014

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