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November 28th, 2014

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editorials

 
The Looming Uranium Crisis: Strategic Implications for the Colder War
Doug Casey  Nov 15  

Is US Oil Production Set to Plummet?
Keith Schaefer  Nov 11  

The Madness of the EUs Energy Policy
Doug Casey  Nov 08  

Oil Market Update
Clive Maund  Nov 03  

Total War over the Petrodollar
Doug Casey  Oct 28  

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)Nov 24th, 2014
$40.00 -$4.00 www.uxc.com

»View Commitment of Traders.

expert analysis & newsletter briefs

ENSERVCO Corp.

"One of my favorite small-cap service companies is ENSERVCO Corp. Its forte is heating up oil to improve flow. The company works with hot oil trucks, frack water heating units and acidizing. These technologies are not particularly new or complex, but ENSERVCO is very good at what it does and it performs to customers' timetables. I have listed ENSERVCO as a Speculative Buy, because a lot of small service companies have to fight hard to make their way in a competitive arena. But ENSERVCO's trucks are servicing a lot of basins, and the company is building itself a good reputation, well by well. I have put a $4/share price target on it." (11/25/14) - The Energy Report Interview with Rudolf Hokanson

Hemisphere Energy Corp.

"Hemisphere Energy Corp.'s Q3/14 production increased 31% sequentially to exceed our expectations, averaging 725 boe/d (86% oil) due to the successful summer drill program at Atlee Buffalo. . .strong netbacks despite softening commodity prices resulted in quarterly cash flow of $2.3M, or $0.03/share, a 46% sequential increase and 36% above our expectations. . .with four more wells coming online at the end of the month, we expect the company to exit the year well over 1,000 boe/d and be in a solid position to continue to grow production, cash flow and reserves organically in 2015 with over 100 drilling locations in inventory." (11/19/14) - Michael Charlton, Industrial Alliance Securities

Manitok Energy Inc.

"Manitok Energy Inc.'s Q3/14 is in line, and its production guidance reaffirmed. . .Entice production is slated to be tied-in in December and in Q1/15 following the completion of the multi-well battery. There is enough behind pipe production that management expects South Entice will keep the 7 Mmcf/d gas plant at capacity (~1,800 boe/d, ~40% liquids). . . at Stolberg, one well is currently planned for Q1/15. As a result, H1/15 capex is expecting to be only 6070% of cash flow, which should see ~$9M in debt reduction." (11/17/14) - Chad Ellison, Dundee Capital Markets

Enterprise Group Inc.

"Enterprise Group Inc. reported Q3/14 revenue of $18.8M. . .at quarter end, the company had cash and equivalents of $8.6M. . .we continue to rate Enterprise a Buy." (11/14/14) - Russell Stanley, Jennings Capital

Enterprise Group Inc.

"Enterprise Group Inc. reported Q3/14 revenue increased 88% to $18.8M; EBITDA was $4.6M compared to $3.9M last year and EPS was $0.01. . .the Utility/Infrastructure division increased revenue by 25% to $12M, and the Equipment Rental Services division increased revenue by $6.4M to $6.7M. . .management has maintained its capex plan for FY/14 which includes $3M for underground and tunneling equipment, $2M for hydrovac trucks and $15M for flameless heaters and well-site rental equipment. . .we are maintaining our Buy rating; the company will benefit from pipeline construction, expansion of utility infrastructure, and oil and gas activity." (11/14/14) - Jason Zandberg, PI Financial


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Avanti Energy (TSX-V : AVN.V)
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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 November 26, 2014

A Fly in the Oil

A funny thing happened on the way to the OPEC meeting. In a pre-meeting between Saudi Arabia, Russia, Mexico and Venezuela where it was expected that the countries were on the way to finalize a deal to cut production it all somehow fell apart. The announcement that no deal was forthcoming was made by non-other Venezuelan OPEC representative Rafael Ramirez, the one that was most desperately calling for a production cut in the first place. Ramirez said that while all the countries were worried about the price they had no agreement on a production cut. Rosneft CEO Igor Sechin said that Russia would watch price and react to market demand but for now they could withstand lower oil prices.

The big question is why the change of heart. There were many signals going into this meeting that a cut was planned but perhaps the Saudi Oil Minister Ali al-Naimi who said he expected the oil market "to stabilize itself eventually", like stabilize in the 60's or maybe 50's was persuasive enough to have the other players look at the big picture. The reason of course is that the enemy was not in that room, it is out there, shale oil, cutting off their air. The Saudi's have been against a cut and Saudi Oil Minister Ali al-Naimi said that oil producers should continue to pump oil. Besides, as Rosneft CEO Igor Sechin says that while the market is over supplied it is not critical. What is 2 million barrels a day of overproduction between friends?

Yet, is this just a case of the cartel and non-OPEC members testing the market reaction to not cut. I mean while Rosneft CEO Igor Sechin talks tough and says that Russia could stand oil below $60 a barrel, Russian President Vladimir Putin is on record as saying that the oil price drop was a catastrophe. Venezuela's Ramirez warned that prices were not good for producers. Sure it is easy to talk tough now but how tough will you be if oil prices drop into the sixties? Even Iraq's oil minister Adel Abdul-Mehdi complained that current oil prices "aren't acceptable", of course not and called for "a means should be used to raise the prices," he said.

The market should laugh off any pledge to rigididly comply to existing quota's because the NON-OPEC players have no quota. It seems that the market is not buying into the fact that this decision is final as they agreed to monitor market conditions and keep in touch if say perhaps emergency measures may need to be taken.

They may need to be taken in if we get a very bearish Energy Information Administration report. The expectations are for a slight build in crude supply. Yet, if the American Petroleum Institute is any indication we might get a bearish surprise. The API report that crude supply increased by 2 .8 million barrels. Distillates dropped on the gold but gas supply rose. Demand was poor due to bad weather or perhaps because the excitement of lower gasoline prices is wearing off just a bit.

So for OPEC it is not going to be over until the turkey is cooked and if they fail to please the market their goose will be cooked.

Natural Gas rebounded into December Expiration! The EIA releases its report today and the average expectations could be 150 bcf.

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.

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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.

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