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June 27th, 2017

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This Past Week In Energy
Jack Chan  Jun 06  

Oil Market Update
Clive Maund  Apr 12  

Oil Market Interim Update - You Won't Get A Clearer Warning Than This One...
Clive Maund  Mar 04  

This Past Week In Energy
Jack Chan  Feb 14  

Oil Market Update
Clive Maund  Jan 04  

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market data


Ux U3O8 Price (Uranium)June 12th, 2017
$19.85 +$0.60 www.uxc.com



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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 06/26/17

Drying Up

Oil prices are bouncing back as the selling is drying up and so is the investment in the shale oil patch. Net longs for oil have reached a low for the year and reports of a pullback in investment in shale oil should be raising some concerns. Even as Baker Hughes Inc. reported that producers added 11 more rigs for the 23rd week in a row, there are signs that the rig party is over.The Houston Chronicle reports that, "Wall Street appears to have lost its taste for the resurgent U.S. shale industry as oil prices tumble and energy share prices fall."

Oil companies have only raised $3 million this month through selling new shares to investors, a dramatic drop in the public equity offerings that have helped fuel the return of drilling rigs across the nation this year. It's a stark shift in investor sentiment after last month, when producers like Kosmos Energy and RSP Permian collected a combined $1.0 billion from stock-market investors. That was before U.S. oil prices took a month-long tumble of around 20 percent to $43.15 a barrel on Friday. The shale players will have to change course as the "adding rigs at will" plan seems to be blowing up in their face.

This comes as bets on oil have turned wildly negative. Bloomberg News reported that money managers' WTI net long positions, the difference between wagers on a price increase and bets on a decline, fell by 60,556 to 134,742 contracts, according to data from the U.S. Commodity Futures Trading Commission released Friday. Long positions dropped by 5.7 percent to 301,476, the lowest in almost eight months, while short positions grew by 34 percent to 166,734, the most since August, the CFTC said. Bets on falling gasoline prices reached their highest level in six weeks, while bearish positions on diesel were the largest in a year and a half, according to the CFTC.

Of course when you see all this negativity, one might think we are near the bottom. The month long sell off has already impacted investment in future supply and because of that, the U.S. oil production outlook will start to fall short of market expectations.

The sell off is already having OPEC contemplate an even larger oil production cut at the next meeting. Reuters reported that, "The Iranian oil minister Bijan Zanganeh said that "We are in discussions with OPEC members to prepare ourselves for a new decision," Iranian oil minister Bijan Zanganeh said after a cabinet meeting, according to the website for the Islamic Republic of Iran Broadcasting (IRIB)."But making decisions in this organization is very difficult because any decision will mean production cuts for the members."

In the meantime, oil supply could take a hit as Tropical Storm Cindy caused a lot of problems and shut-ins. The impact from the storm should lead to sizable draws in supply. We are looking for a 4.5 million barrel drop in crude supply and a 1.0 million barrel drop in Cushing, Oklahoma. Gasoline supply should fall by 3.0 million barrels and distillates by 2.0 million barrels. Refinery runs will drop by 1.0.

Natural gas is getting a pop as Tropical Storm Cindy lowered production and the fact that the market may be putting the cold temperatures behind it.

Monday is a great day to prosper! Tune to the Fox Business Network where you get the Power to Prosper! Sign up for my special gold report and make sure you sign up for my webinar. Just 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 800-935-6487 or pflynn&pricegroup.com.



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June 27th, 2017

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