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February 19th, 2018

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editorials

 
Clean Oil That Only Costs $20
OilPrice  Feb 15  

Oil Prices Ravaged By Financial Turmoil
OilPrice  Feb 08  

Can The Shale Boom Avoid These Bottlenecks?
OilPrice  Feb 03  

Oil Market Update
Clive Maund  Jan 03  

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

»» more editorials in the archives

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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 02/16/18

Loopty Loo

Here we go Loopty Loo. Here we go loopty li. Here we go loopty loo. All on a Saturday night. Oil prices are getting loopy as a historic turnaround for the LOOP, otherwise known as the "The Louisiana Offshore Oil Port" the major U.S. oil import terminal is getting looped around for now exporting oil. This comes as oil prices looped back around as global oil demand numbers led by record oil imports in India and another reported drop in Cushing Oklahoma, supplies continue to support prices as global stock prices rebound. Are you loopy yet? If you’re not, you will be.

U.S. oil exports will continue to play a major factor in an increasingly oil hungry world. According to Platts, the LOOP will for the first time, use its offshore terminal to fill a ship for export as opposed to using it to empty oil tankers from abroad to meet U.S. import needs. A Saudi tanker that is buying U.S. oil, to be shipped to China, is a historic development in the changing landscape for oil.

Platts reported that the LOOP, which began operations in 1981, is the first and only deepwater oil port in the U.S. It is presently the only U.S. oil facility capable of offloading vessels or supertankers. The "supertankers" are the largest tankers, including very large crude carriers known as VLCC or ULCCs with capacities over 250,000 pounds of Dead Weight Tonnage (DWT). These ships can transport 2,000,000 barrels (320,000 m3) of oil/318,000 metric tons of oil.

Shell will then lay claim to the continental U.S.' first true VLCC export of crude -- an export without the need for reverse lightering -- when the vessel Shaden sails from the Louisiana Offshore Oil Port later this week laden with a medium sour crude, according to market sources.

The Louisiana Offshore Oil Port said late Monday it "has moored a VLCC supertanker and initiated its detailed test and checkout procedure." The tanker known as the "Shaden" will receive crude from LOOP's newly bidirectional pipeline connecting LOOP's onshore infrastructure with an offshore deepwater mooring station.

Market sources said Shell chartered the Shaden, a Saudi Arabian-flagged VLCC owned by Bahri (the top VLCC owner globally) that entered service at the end of 2017 and will take the crude into its refining system. Market sources were split on what grade Shell is taking, with two saying offshore Gulf of Mexico, Shell-produced Mars and another two saying the crude blend LOOP Sour. Both Shell and LOOP declined to comment. Yet, the thought that the U.S. would be filling supertankers of oil for export to China would have been thought to be impossible or even crazy just a few years ago by many people.

Maybe we need to send a supertanker of oil to India where demand for oil imports hit a record high in January. The Economic Times reported that India imported a record 4.93 million barrels of oil in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed. The world's third-biggest oil importer shipped in 13.6 percent more oil in January than a year earlier and about 12.5 percent more than the previous month, the data showed.

The country is set to surpass China as the fastest-growing oil products market in Asia, with fuel demand growing by 6.1 percent in 2018, according to a report by the U.S. Energy Information Administration. FGE expects India's January crude runs to reach 5.27 million bpd, about 280,000 bpd higher than a year earlier, as the country's new refining capacities are operating at almost full rate.

With stock market stability coming back, its back to a focus on tightening U.S. oil supply. Despite record U.S. oil production supply in the key Cushing Oklahoma delivery point continues to tighten. Genscape reported that Cushing oil supply fell by another 1.78 million barrels in the last 4 days. According to EIA Cushing stocks were at 69,420 in April and are now at only 32,677. Now subtracy another 1.78 million barrels and you get the picture! The key benchmark delivery point is g to start running dry.

Make sure you stay tuned to the Fox Business Network all day to get the power to prosper! Call to get a free trial to my wildly popular daily trade levels! Call me at 888-264-5665 or email me at pflynn@pricegroup.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.

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 1-888-264-5665 or pflynn@pricegroup.com.



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February 19th, 2018

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