TUESDAY EDITION

January 17th, 2017

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editorials

 
Oil Market Update
Clive Maund  Jan 04  

Did Anyone Actually Read Don Quixote?
Bob Moriarty  Dec 10  

Torchlight Energy Resources: Update After Breakout
Clive Maund  Nov 24  

Torchlight in the Middle of 20 Billion Barrel Oil Field
Bob Moriarty  Nov 22  

Oil Market Update
Clive Maund  Nov 16  

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)Jan 9th, 2017
$22.00 +$1.75 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 01/13/17

Good China Bad China

Oil prices had a solid rally on evidence of OPEC production cuts and strong China demand. And while there are predictions for more record breaking demand in China, the new year is bringing disturbing Chinese export data and more tightening of capital controls and is rising some concerns about the trajectory of growth in the world's second largest oil consumer.

Let's talk a bit about the good China news. China crude imports hit a record 8.56 million a barrels day in December. That number helped boost oil along with OPEC news that we will talk about later. But this morning the Chinese export data fell by a more than expected 7.7 percent last year in what was the second annual decline in a row and the worst since the depths of the global crisis in 2009 according to Reuters. The falling export data is one reason the Chinese want to buy gold and bitcoin and to try to move capital out of the country and the reason China is clamping down not only on capital but bitcoin as well. China right now seems more interested in keeping capital in the country than focusing on growth overall. We have to watch this situation develop because this is one threat to what is an otherwise wildly bullish scenario for oil in the coming year. It is not a bull killer but has to be watched.

Even though many were skeptical about this OPEC/non-OPEC deal, the cuts are indeed happening as I said they would. Market Watch reported that Saudi Arabia said Thursday it has cut its production to under 10 million barrels a day to a two year low. If confirmed, the reduction would be more than the 486,000-barrel-a-day cut it had promised. The OPEC monthly report on January production will be released in mid-February. The Saudis told its Asian customers it would reduce supply to the region in February. Russia's energy minister Alexander Novak said that Russia also cut its January oil production. Algeria is adhering to its promised cut too. OPEC and non-OPEC want to prove they are for real and the doubters had better beware because all the evidence is showing full compliance and in the case of a few countries, more than full compliance.

Bring on the cold. Natural gas had a bullish report along with some colder forecast for late January and maybe into May according to Accuweather. The Energy Information Administration reported that supplies of natural gas fell by 151 bcf. Total stocks now stand at 3.160 trillion cubic feet, down 363 billion cubic feet from a year ago and 4 billion cubic feet below the five-year average. While the warm up may slow the rally, the market is starting to get that demand may continue to draw down supply below average even with what may be a brief warm up. If you get a break buy it.

We still feel that the low for the year for oil could be in assuming that China concerns don't sink us. Buy breaks in oil as well. We had our best year in oil since 2009 last year and this year we should do even better.

Time to get your power on. The Power to Prosper can only be found on the Fox Business Network and that's where you can see me every day! You can only get my daily trade levels by contacting me. Before you invest 5 or ten thousand on trade signals of software, test mine for free. Call me at 888-264-5665 or email me at pflynn@pricegroup.com to open your account.

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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TUESDAY EDITION

January 17th, 2017

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