THURSDAY EDITION

April 24th, 2014

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editorials

 
Oil Market Update
Clive Maund  Apr 23  

Now Drilling for Oil in Texas
Bob Moriarty  Apr 22  

Striking Gold in the Bakken
Bob Moriarty  Apr 13  

A Prelude to Another Energy Economics: My Bet is on Japan to Remain in the Winners' Club
Ferdinand E. Banks  Mar 22  

Still Another Know-It-All Handout on the Economics of Nuclear Energy
Ferdinand E. Banks  Mar 18  

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)April 21st, 2014
$32.50 -$0.50 www.uxc.com

»View Commitment of Traders.

expert analysis & newsletter briefs

Energy XXI

"Last month, Energy XXI announced that it will acquire Energy Partners. This is part of a plan to create the largest pure-play Gulf of Mexico shelf producer. In my view, this will allow Energy XXI to boost its low-risk inventory, effectively resetting the clock on its development plans. It is similar to what happened after the firm's acquisition of properties from Exxon Mobil Corp. in 2010: the increased inventory allowed it to have a deeper backlog and to be more selective with its development plans. This deal with Energy Partners allows Energy XXI to do the same thing. In the short term, it will find low-hanging fruit to monetize, generating more production growth and cash flows over the next 1224 months." (4/24/14) - The Energy Report Interview with Andrew Coleman

Arianne Phosphate Inc.

"There's an advanced phosphate developer in Quebec that I like called Arianne Phosphate Inc. It currently has an NI 43-101 feasibility study completed. Arianne has a very high-grade phosphate deposit at Lac Paul in Quebec. The feasibility study shows a 25-year mine life with annual production of 3 million tonnes of phosphate concentrate with a grade of 38.6% P2O5. There are many zones still to explore that will expand the resource. The feasibility study shows that after beneficiation, the resource will provide among the highest P2O5 grades in the world. I think the company is an attractive takeover target given its location in Quebec, the vertical integration of the phosphate market and the very strong economics of the project.

[Permitting] should be a very important catalyst. The stock went up to CA$1.69, and it's backed off to CA$1.15. I think it's way too cheap right now. I think it's a stock that you want to own now. It's a big resource of 590 Mt of 7.13% Measured and Indicated ore. I don't think it will have any major problems on the permitting side. The one area it's going to have to deal with is the capitalization of the project. It may require a capex of $1.21 billion. On the other hand, it certainly has a really strong following, with a very low estimated production cost of $93.70 per tonne. The average selling price will likely be around $200 per tonne. This is a wonderful margin. Furthermore, it's a commodity that is relatively scarce in North America." (4/17/14) - The Energy Report Interview with Michael Berry

Fission Uranium Corp.

"We've had some wonderful discoveries in the Athabasca led by Fission Uranium Corp." (4/17/14) - The Energy Report Interview with Michael Berry

Uranerz Energy Corp.

"One company with the in situ leach advantage is Uranerz Energy Corp. It recently announced that the NRC has allowed Uranerz to commence production at Nichols Ranch in Wyoming. Production means cash flows and liquidity." (4/17/14) - The Energy Report Interview with Michael Berry

Manitok Energy Inc.

"Manitok Energy Inc. announced its year-end reserves, showing strong growth in proved developing producing reserves and oil weighting and 60% net asset value/share improvement, which we believe highlights the current discount valuation. . .we reiterate our Buy recommendation and $4 target." (4/16/14) - Chad Ellison, Dundee Capital Markets


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Pan Orient Energy (TSX-V:CAN)
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Quantum Energy (QEGY.PK:OTC)
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The Energy Report ()
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Torchlight Energy (NASDAQ: TRCH)
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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 Report April 24, 2014

Modern Day Record!

US oil supplies hit the highest level since the Department of Energy has been keeping the highest level records or the highest level in 83 years. Copper hits the highest level since March after the Chinese currency hits a 16 month low as it appears the market expects more stimuli. Natural gas gets ready for another potential wake- up call as the Energy Information Administration releases its weekly supply data that will most likely show a below average injection into storage that is already at an 11 year low.

Oil pulled back after the Energy Information Administration as reported Bloomberg News showed that U.S. crude oil inventory hit the highest level in EIA weekly data since it began counting it in 1982 and monthly government data going back to 1920. Reports before 1976 were based on data from the Bureau of Mines, according to the EIA, and stockpiles of Alaskan crude oil in transit were included starting in 1981. The 3.52 million-barrel gain was the 13th in 14 weeks. U.S. production rose to a 26-year high of 8.36 million barrels a day.

Bloomberg reported that supplies on the Gulf Coast, known as PADD 3, increased to 209.6 million, the most since EIA began recording that data in 1990. U.S. oil demand slipped to 18.1 million barrels a day last week, the least since June 7. Refinery crude inputs rose to 16 million barrels a day, a three-month high!

That three month high and the fact that product supply came in better than expected seemed to suggest that Refiners are getting ready to build products at a record rate. Strong margins and decent demand both domestic and foreign should raise expectations that supplies will start to rise.

Yet oil is staying stubbornly strong in part because of the Ukraine. The Geneva accord is falling apart and Russian President Vladimir Putin is accusing Ukraine of using force against Russian citizens as a serious crime. Fears that gas supply in Europe may be at risk is keeping the risk premium in petroleum.

The BBC reports that Commandos have moved on the separatist stronghold of Sloviansk in eastern Ukraine days after a new "anti-terrorist" operation was announced. A number of casualties were reported among the separatists as the commandos, backed by armor, cleared barricades near the town. Separatists are occupying key buildings in at least a dozen eastern towns. It appears that pro-government forces have regained control of the city hall in another eastern town, Mariupol.

The rush to refill natural gas storage is on and it looks like it is going to be an almost impossible challenge, at least at current prices.

Copper highest level since March as Chinese Juan hits a 16 moth low. The market looks like it believes that we will see better Chinese demand because of the possibility of more Chinese's support for their economy.

You can now follow me on Twitter at energyphilflynn and you can also like me on 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 linkhttps://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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April 24th, 2014

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