SATURDAY EDITION

October 21st, 2017

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editorials

 
Will Crude Oil Drop under $50 in Coming Week?
Przemyslaw Radomski  Oct 05  

Sharp Decline in Crude Oil and Its Consequences
Przemyslaw Radomski  Aug 16  

Jericho Oil raises C$5.7M from cornerstone investors
  Aug 13  

Will Crude Oil Extend Gains?
Przemyslaw Radomski  Jul 29  

Molori Energy Ready to Explode Higher
Bob Moriarty  Jul 20  

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)Oct 9th, 2017
$20.30 +$0.05 www.uxc.com



»View Commitment of Traders.

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 Energy Report

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


The Energy Report 10/20/17

China's Minsky Moment

Is China headed for a 'Minsky moment? One Chinese economist has warned that they could and that warning, along with some comments from a Russian oil company, seemed to slow what had been oil impressive oil rise ahead of today's November Future expiration.

Reuters wrote an article quoting a "veteran but outgoing governor of China's central bank " that was warning of the dreaded "Minsky moment", a reference to excessive optimism about economic growth fueled by vast debt and speculative investment that was coined after 1998 Russian financial crisis the last time that oil was near a major bottom. In other word's he is warning of irrational exuberance, to steal a phrase from former Fed Chair Alan Greenspan as Chins, economic optimism recently has been strong. A sharp drop in the Chinese economy would be a concern for oil as the crash in oil to the recent $26 a barrel area in 2016 was caused by Chinese economic jitters that seemed to go away. If they reemerge those worries could sink oil but recent Chinese economic data would seem to dispute those fears. A report that a comment from an unnamed Russia oil official brought down prices but it looks like OPEC and Non-OPEC will extend production cuts. Mainly because Russia and Saudi Arabia wants them. Reuters reported that Russian President Vladimir Putin said on Thursday that coordinated efforts taken by Saudi Arabia, Russia and other leading oil producers have borne fruit and led to oil prices rising to above $50 per barrel, which is a "fair" level. "We have coordinated our position with the OPEC countries... and the price has been stable at over $50. We consider this to be a fair price, which suits us," Putin said at a forum with scholars.

Despit weakness going into the November expiration the fundamentals for oil are very strong. Not only did we have a big drop in U.S. oil production last week we had a major drawdown in supply. Global demand is the strongest it has been in years and despit fears that shale oil producers will come back on line soon the reality is that shale oil output is peaking.

Plus you have geo-poltical risk going into the weekend. Reuters reported that "oil supplies that flow from Kurdistan, in northern Iraq, through Turkey fell to around 196,000 barrels a day on Thursday, compared with a usual supply of around 600,000 barrels a day", according to Dutch bank ING Group . "A prolonged disruption to this supply could tighten the oil market in Europe," analysts at ING said.

They also reported that the head of the Organization of the Petroleum Exporting Countries said Thursday that there is "no doubt the oil market is rebalancing at an accelerated pace." Speaking to a gathering of oil industry executives and experts in London, OPEC Secretary General Mohammed Barkindo insisted that cartel's plan to cut output and rein in the global supply glut was paying off.

I am out of office today again but will be in Monday. Email me if you need me. Stay tuned to the Fox Business Network the only place where you get the Power to Prosper! MoneyShow Orlando is coming Call for detail 888-264-5665 or email me pflynnn@pricegroup.com Get my daily trade levels for all major markets.

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.

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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 21st, 2017

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