WEDNESDAY EDITION

November 22nd, 2017

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editorials

 
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  

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

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

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)Nov 13th, 2017
$23.00 +$2.75 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 11/21/17

Legging Up

It looks like oil is consolidating for another leg up as it shakes off political uncertainty in Germany, one of the reasons we pulled back yesterday, and instead on talk of another big drop in supply in the Cushing Oklahoma. Market chatter has the NYMEX delivery point falling at least 1 million barrels and some say the drop could be more than 2 million barrels. Last week the Energy Information Administration (EIA) reported that Cushing's crude oil inventories fell by 1,504 barrels. The Cushing draws will continue as U.S. refiners are in a mad rush to keep up with distillate demand as supplies are the tightest we have seen in years and are well below the five-year average.

That will keep oil that is unquestionably in a bull market rising as refiner demand will keep a bid on all grades of crude. Brent Crude which is in the high $62 a barrel handle will also be bid as European Refiners are looking to keep running and seasonal North Sea production issues are just up ahead. With a U.S. tax cut bill looking more likely like a done deal, at some point will only add to the projected demand for oil.

I told Liz Claman on the Closing Bell on Fox Business Network that a tax cut bill over time might double the stock market over a period and would be wildly bullish for economic growth. While that might sound optimistic there is historical basis to it. Now Goldman Sachs co-chief markets economist Charles Himmelberg is predicting that 2018 will be another year of strong growth for the worldwide economy. He and his team expect the global economy to grow 4 per cent next year in which there will be growth surprises to the upside.

4% growth for the U.S. economy means oil well above $60 a barrel as demand will outstrip the shale oil producer's ability to keep up with the growth. Oil bears are changing their tune as they are getting squeezed out by record longs. Predictions of surging U.S. production is falling short and the expected extension of OPEC production cuts will continue to drain global supply. Hedgers need to be hedged if they are not all ready as the risks pf upside price spikes are growing.

The Keystone Pipeline finally won approval but TransCanada is not jumping for joy. While approving the Nebraska commission offered a new route that will likely be fought again in court. !0 year and counting for approval!

My Buddy's at GasBuddy have put out the, over the river and through the woods, retail gasoline outlook. GasBuddy, projects that Thanksgiving will see the highest average gas prices since 2014 as the country prepares for the busiest traveling weekend of the year. Yet the average gas price in four of five U.S. states is lower than a week ago, coming as the number of Americans driving is expected to surge by 20 percent over last Thanksgiving, according to GasBuddy's Annual Holiday Travel Survey.

GasBuddy projects the national average gas price this Thanksgiving will be $2.53 per gallon, the priciest Thanksgiving in three years (2014: $2.79), though not as high as the peak on Thanksgiving in 2012 ($3.44). Additionally, average gas prices have risen 9 cents in the last month, the largest pre-Thanksgiving Day increase since 2007, when average prices rose 26 cents in the 30 days leading up to the holiday. "This year has been unique at the pumps. Gas prices spent much of the time in the weeks approaching Thanksgiving by rising when typically, they would be on a sizeable downward trend," said Patrick DeHaan, head of petroleum analysis at GasBuddy. "On average Americans are paying nearly 40 cents a gallon more than last year, which means collectively we're spending $800 million more on fuel over the Thanksgiving travel period. Drivers should pay close attention to prices to avoid overpaying."

According to GasBuddy's Annual Holiday Travel Survey, despite higher gas prices, travelers are driving longer distances. 2017 is expected to see a 4 percent increase in travelers driving for 10 or more hours over Thanksgiving compared to 2016

Stay Tuned to the Fox Business Network to give you the best in business news! Come to The MoneyShow Orlando in early February. The have one of the greatest lineup of speakers ever! You can sign up for my Masters Class at Flynn.OrlandoMoneyShow.com or see me at the opening ceremonies!

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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November 22nd, 2017

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