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August 22nd, 2014

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editorials

 
Achtung: Genius at Work!
Ferdinand E. Banks  Aug 21  

Ukraine's Next Crisis? Economic Disaster
OilPrice  Aug 20  

What The Oil Headlines Miss: Interview with Michael Levi
OilPrice  Aug 07  

21st Century Energy Centers Could Take the Bakken by Storm
Emerging Growth LLC  Jul 25  

Iraq Breaks Down, Oil Surges
Chris Martenson  Jun 18  

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)Aug 18th, 2014
$31.00 +$1.00 www.uxc.com

»View Commitment of Traders.

expert analysis & newsletter briefs

Fission Uranium Corp.

"On the exploration side, for sure you want to watch Fission Uranium Corp. The boom last year was mostly driven by its huge exploration success in the Athabasca Basin. Fission hit and hit and seems to have built quite a big resource now. The final number has yet to be confirmed in an NI 43-101 resource report, but could be well north of 80 Mlb. If you remember that Rio Tinto took out Hathor Exploration for around US$10/pound in the ground, you can make up a valuation for Fission in a potential takeover game." (8/19/14) - The Mining Report Interview with Björn Paffrath

Torchlight Energy Resources Inc.

"Torchlight Energy Resources Inc.'s Q2/14 revenues grew over 900% year over year and 155% sequentially; management discussed having recently achieved operational cash flow profitability. . .the company has significantly expanded its asset base, drilling inventory and production in 2013 and the first 6 months of 2014, which is evident in the 2013 reserve report, the recent drilling update and the confirmation we expect from an updated reserve report." (8/19/14) - Joe Giamichael, Umbrella Research & Advisory

Alter NRG Corp.

"Alter NRG Corp.'s project pipeline is both diverse and maturing, with projects in a variety of stages around the world. . .applying a 15% discount rate, our forecast of potential cash flows is based on our assessment of the company's pipeline. We are reiterating our price target of CA$8 and our Buy rating." (8/19/14) - Michael Niehuser, Beacon Rock Research, Scarsdale Equities LLC

Fission Uranium Corp.

"Over the past week, Fission Uranium Corp. has announced several updates on its winter and summer drilling program conducted at its wholly-owned Patterson Lake South (PLS) property. . .a series of positive results by the company has tremendously increased our confidence in the PLS property." (8/19/14) - Bhakti Pavani, Euro Pacific Canada

Energy Fuels Inc.

"Energy Fuels Inc. announced its financial and operating results for Q2/14. A $31M asset write-down negatively impacted results, but otherwise it was a relatively strong quarter. We continue to view the company as a unique junior uranium producer, given its production flexibility; we are maintaining our Buy rating and $11/share price target." (8/18/14) - Joe Reagor, ROTH Capital Partners


featured companies

Avanti Energy (TSX-V : AVN.V)
Enhancing Oil Production in Brazil and Colombia
[news ][website ]

Pan Orient Energy (TSX-V:CAN)
Canadian junior oil and natural gas company based in Calgary, Alberta.
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Quantum Energy (QEGY.PK:OTC)
Development stage publicly traded diversified holding company with an emphasis in oil field development trading
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Super Nova Minerals Corp. (SNP:CNSX, OTC:SNOVF)
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The Energy Report ()
Investment ideas for saavy investors
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Torchlight Energy (NASDAQ: TRCH)
Oil Drilling and Working Interest in Oil Projects
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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 Friday August 22, 2014

Overshadowing Janet and Mario

Who thought that anything could over shadow Janet Yellen today? Well leave it to the energy complex. Refining issues and tight supply of distillate will keep oil supported as the rest of the markets focus on Jackson Hole. Talk that Shell Deer Park refinery could be down for months as well as a Bloomberg report that Korea National Oil's "Come by Chance" refinery in province of Newfoundland and Labrador will start shutting down 1st week of Sept. for month of work, caused a spike in RBOB that turn around the oil. Add to that an increasing chance that next week we may be dealing with a tropical storm in the Gulf of Mexico has energy marching to a different drummer that the rest of the macro-economic focused markets.

Just in time for a seasonal bottom in distillate and RBOB. Not only will refining problems tighten already tight supply for distillate RBOB could bounce as we head into the Labor Day Weekend. Triple A is predicting that Gasoline demand will hit a 6 year high as prices hit the lowest level since 2010.

Weather that has been a non-factor this summer may become a factor both in the short term and the long term a tropical storm threat in the Atlantic and a prediction of a very cold winter by the Farmers Almanac is making short plays in natural gas and products a bit more dangerous.

The National Hurricane Center is increasing the odds than we may be talking about a Tropical Storm Cristobal next week. The NHC says that shower activity associated with the small low pressure area moving over the Leeward Islands remains limited and disorganized. Interaction of the low with Puerto Rico and Hispaniola will likely inhibit significant development through tonight. However, environmental conditions are expected to be more conducive for development when the disturbance moves near or over the southeastern Bahamas on Saturday, and a tropical depression is likely to form over the weekend or by early next week. Regardless of tropical cyclone formation, gusty winds and heavy rainfall are expected across portions of the Leeward Islands, Puerto Rico, and the Virgin Islands today, and over Hispaniola and the southeastern Bahamas tonight and Saturday. Interests in those islands should monitor the progress of this disturbance. The storms formation chances through the next 48 hours is set at a high 60 percent and a formation chance through the next 5 days at a high of 80 percent.

In the long term get ready for another character builder of a winter. The Old Farmer's Almanac had it right last winter and their woolly caterpillars and other things they use to predict weather will send chills down your spine. They are predicting a "super cold "winter in the eastern two-thirds of the country. The west will remain a little bit warmer than normal. Get out the sweaters!

Natural Gas focused on heat and blew off the 88 bcf build in natural gas supply. Despite above average injections we are still 17.3% below the five year average.

Are tensions being reduced in Ukraine or rising? The Russian convoy that allegedly has entered the country is carrying humanitarian aid has entered the Ukraine without permission. Russia is warning Ukraine to not attack. Stay tuned.

Seeking Alpha reports that the status of Kurdish crude oil will come to a head today, as the high-stakes dispute over a tanker carrying 1M barrels of Kurdish crude still situated in the Gulf of Mexico will be determined by a federal court in Texas. The ruling will define the status of importing the controversial crude, as the Iraqi Oil Ministry and the Kurdistan Regional Government wrangle over the latter's right to produce and sell its natural resources.

Metals and other markets are acting like they want to turn back up expecting that Janet Yellen will come out dovish and Mario Draghi may signal a step towards QE as Europe fights deflation. Forget the Fed Minutes. We also saw reports of an uptick in physical demand after the recent sell-off.

Dow Jones reports that India just raised its import tax on sugar. Cattle On Feed and Cold Storage today! Beware of limits!

You can now follow me on Twitter at energyphilflynn you can also like me on 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 linkhttps://newaccount.admis.com/?office=269.

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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August 22nd, 2014

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