TUESDAY EDITION

December 12th, 2017

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editorials

 
The Oil Information Cartel is (Finally) Broken
Keith Schaefer  Dec 01  

Low-Cost Oil & Gas Player in High-Rent Permian Basin
Streetwise Reports  Nov 28  

Oil Market Update
Clive Maund  Nov 21  

Oil Market Update
Clive Maund  Oct 25  

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

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)Nov 27th, 2017
$22.00 -$3.50 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 12/12/17

Down for Christmas

Forties is down till Christmas, in the old North Sea, it will slow those oil flows into Scotland's refineries. Christmas will find price hikes, all the way downstream. Forties is down till Christmas and the oil price will scream.

Ho Ho Ho. A shut down of the major Forties pipeline, a major artery in the global oil market, caused a spike in the dated Brent market and is supporting oil products around the globe. The shut-down should go to at least Christmas and maybe even longer. A detected crack in the pipeline led to a total shutdown of the system for the first time in at least 7 years. This is going to further tighten an already tight dated Brent market that was supported by OPEC production cuts and surging European and Asian oil demand.

The pipeline system transports more than 40 percent of the U.K.'s North Sea oil production leaving that market in a deep hole. This oil can't be easily replaced as other sweet oil producers are near their limits. Shale oil in the U.S. may help, but the producers can't quickly ramp up supply nor can they move the oil fast enough to alleviate the shortage. The reverberations of this outage will be felt at first in Asia and Europe, but it will have ramifications for oil prouduct prices around the globe.

If this was not enough, reports of an explosion in Austria's largest import hub for natural gas sent U.K. gas surging to the upside. Reports say that The Baumgartner facility, had an explosion and fire around 7:45am London time and it is said to be an accident and not terror related. Same-day gas prices in the U.K. rose 40 percent to 95 pence per therm, the highest since 2013 according to reports.

U.S. WTI prices are rising and a report by Genscape that said that U.S. crude supply in Cushing Oklahoma dropped by a massive Cushing inventory -3.1 million barrels. Keystone pipeine issues and record refinery runs is going to add to the momentum.

For products, this means higher prices. Gas oil will soar as supply of gas oil is below average for this time of year raising fears of shortages this winter. The pipeline outage has had issues for producers as well. Bloomberg says that the unplanned shutdown prompted Serica Energy Plc to cut its output guidance for the year, sending its shares tumbling by as much as 10 percent in London trading on Tuesday. Explorers EnQuest Plc and Premier Oil Plc also initially declined, before rebounding.

The U.K. link handles supplies from over 80 fields, and the shutdown forced Apache Corp. to suspend operations at its nearby Forties asset. Pipeline operator Ineos Group Ltd. said it will know in the "next few days" whether the system will be closed for two or three weeks, after declaring a "force majeure situation."

So this rasies the stakes for economies around the globe. With a hot 3.1% inflation rate in the U.K. the coming oil price spike may force them to look to raise interest rates. Other countries now have to brace for the impact of a potential oil price spike! Oh Shale! Save me now!

The Fox Business Network is the best in business! Tune In! It is getting cold! Time to plan your trip to Florida. I will be among some fantastic speakers at The MoneyShow Orlando in early February. Sign up early as rooms are filling up fast! Go to Flynn.OrlandoMoneyShow.com.

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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December 12th, 2017

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