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August 23rd, 2019

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Oil Market Update
Clive Maund  Jul 30  

Evaluating US Nuclear Competitiveness and its Future as a Carbon–Free Clean Energy Source
Keith W. Rabin  Jul 25  

Should We Rethink Nuclear Power?
OilPrice  Mar 09  

The $32 Trillion Push To Disrupt The Entire Oil Industry
OilPrice  Feb 28  

China imposes coking coal import restrictions at Northeast China ports: sources
  Jan 31  

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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 Phil Flynn Energy Report 08-23-2019

Rocky Range

Oil prices have entered the rocky ranges. Trapped in a world of wild moves but still getting nowhere, as it appeared lost in a range somewhere. Of course, the moves are compelling because whatever way we break out of this range could mean a major move. We think it will be to the upside, but technically it could be a big move to the downside.

This rocky range has caused at least one trader to make a pretty significant bet. A report by Schaeffer's Investment Research reported that one options trader placed a $5.79 million dollar bet that once oil breakouts of its range, it will make a substantial move. Schaffer wrote that the trade involved buying 42,000 calls and 37,000 puts, exceeding the average intraday volume of roughly 22,000 calls and 26,000 puts.

Most of the action they say was in the January 2020 11.50 strike, where symmetrical blocks of 30,000 calls and puts traded out of the gate. It seems the trader bought the calls for $1.15 each, and the puts for $0.78, resulting in a net debit of $1.93 per spread, or $5.79 million total ($1.93 x 100 shares per contract x 30,000 spreads).

Schaffer explained that there are two ways the long straddle can profit: if USO rallies above $13.43 (strike + premium paid) or falls below $9.57 (strike - premium paid) before the options expire on Friday, Jan. 17. The further the shares move beyond those breakeven rails, the more money the trader stands to make. However, should the ETF land right at $11.50 when January options expire. the investor will lose the entire $5.79 million.

Maybe Fed Chairman Jerome Powell can break oil out of this stalemate. Some fed official overnight seemed a bit hawkish, yet markets seem not worried until they hear from the man himself.

If Powell seems dovish, oil should try to work an upside breakout. Oil dipped on weak manufacturing data yesterday after trading higher but held support and rejected resistance. In other words, oil is an accident waiting to happen and when it does, whichever way the move, the move should be big. Let's just hope that option buyer does not run out of time.

Bernie Sanders is a true socialist and we are getting some ideas on how his democratic Socialism might work. Sanders revealed his $1.6 trillion-dollar green energy plan, an energy plan with lofty and expensive and goals. It is a socialistic utopia plan, taking money from all those rich people to transform our energy industry. It includes electric cars, and carbon neutral living, and I even think a world without T-bone steaks that add to greenhouse gas emissions. It is a 10-year plan that he says will put the United States on the path to 100 percent renewable energy for electricity and transportation by 2030 and complete decarbonization by 2050. It includes proposals to boost public transit systems and build a modern energy grid. It also calls for the state to takeover the energy industry and now Mr. Sanders is suggesting that he should jail oil company executives if elected President. And why not? His mentor, KGB socialist and Russian President Vladimir Putin did that when he jailed oil YUKO's executive Mikhail Khodorkovsky because he dared challenge Vladimir Putin's growing authoritarian rule. Sanders appears to like the idea that a socialist government can jail people for crimes against the state. That whole innocent before guilty thing gets in the way.

And why would he stop at energy executives? Maybe Bernie should just jail anybody who does not agree with his philosophies? I mean all the great socialist leaders did the same thing. Vladimir, Lenin, Joseph Stalin, Fidel Castro and Mao just to name the big guys. So, if Bernie gets his socialist way, just to be safe, get on board, because if you don't you might find yourself in public housing or camp. So, I am on board just in case. Everybody has a green dream.

Natural gas is running out of heat. Gas traders fear that people may shut off their air conditioners, reducing the need for electricity and gas, The EIA gas report is not helping natural gas bulls. The EIA reported that working gas in storage was 2,797 Bcf as of Friday, August 16, 2019, according to EIA estimates. This represents a net increase of 59 Bcf from the previous week. Stocks were 369 Bcf higher than last year at this time and 103 Bcf below the five-year average of 2,900 Bcf. At 2,797 Bcf, total working gas is within the five-year historical range..

BREAKING NEWS: China is implementing a 10% tariff on U.S. Crude causing early market weakness.

Bring out your inner power to prosper! Tuned into the Fox Business Network the only place that can give you the Power to Prosper!

Trade levels updates and bad jokes are available if you call 888-264-5665 or email me at 888-264-5665.

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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