MONDAY EDITION

November 24th, 2014

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editorials

 
The Looming Uranium Crisis: Strategic Implications for the Colder War
Doug Casey  Nov 15  

Is US Oil Production Set to Plummet?
Keith Schaefer  Nov 11  

The Madness of the EU’s Energy Policy
Doug Casey  Nov 08  

Oil Market Update
Clive Maund  Nov 03  

Total War over the Petrodollar
Doug Casey  Oct 28  

»» more editorials in the archives

market data


Ux U3O8 Price (Uranium)Nov 17th, 2014
$44.00 +$2.25 www.uxc.com

»View Commitment of Traders.

expert analysis & newsletter briefs

Caza Oil & Gas Inc.

"Caza Oil & Gas Inc. is our favorite North American play. This is a company that goes from strength to strength. It has a very successful drilling record and has continually added to its production rate over the last two years. It is now almost at 2,000 bbl per day, which could potentially change its valuation and make it a very attractive takeover target by a larger oil company. Plus, it has a very large inventory of potential targets in its territories with substantial seismic data that point to a very large number of drillable prospects. Major expansion would require a significant capex, so Caza is mobilizing at a slow rate. If a major were to take it over, however, it could employ a significant capex plan in a low-risk exploration and development strategy. We think that this company is a potentially attractive prospect for another company to either joint venture or take it over outright.

[Broadcaster initial well results] are extremely attractive because Broadcaster is in the Bone Spring formation. This has become one of the fastest growing oil regions in North America based on improved technology. Horizontal drilling has enabled local operators to multiply production rates several times. Bone Spring underpins Caza's future production growth. Broadcaster is a low-risk operation with the potential to greatly increase production." (11/13/14) - The Energy Report with Angelos Damaskos

Pan Orient Energy Corp.

"Pan Orient Energy Corp. announced the farmout of a 51% interest in its East Jabung production sharing contract to Talisman Energy Inc.; the company retains 49% interest, receives $8M cash and will be carried for one exploration well up to a maximum cost of $10M and a contingent carry on an appraisal well for up to $5M. . .with the option to acquire a 20% interest in a South Sumatra joint study area operated by Talisman. . .Pan Orient investors are receiving a three-well exploration/appraisal drill program in Thailand, a potentially funded multi-well high-impact drill program in Indonesia and a Sawn Lake steam-assisted gravity drainage pilot project in Canada at steep discounts." (11/12/14) - Bill Newman, Mackie Research Capital

Pan Orient Energy Corp.

"Pan Orient Corp. announced this morning that it has entered into an agreement with a wholly owned subsidiary of Talisman Energy Inc., to transfer a 51% working interest and operatorship in the East Jabung PSC. . .under the terms of the agreement, Pan Orient will receive: 1.) An upfront cash payment of US$8M; 2.)A carry on the first US$10M of exploration expenses on the first well, in addition to all the project G&A until the first US$10M has been spent; 3.) A contingent US$5M carry toward an appraisal well, if deemed necessary; and 4) the option to acquire a 20% interest in Talisman's operated South Sumatra Joint Study Area. . .we reiterate our Buy recommendation and have modestly increased our 12-month target price to CA$4/share from $3.75/share." (11/11/14) - Mark Heim, Jennings Capital

ENSERVCO Corp.

"We reiterate our Buy rating on ENSERVCO Corp. . . the company has been growing its well maintenance businesses, primarily consisting of hot oiling and well acidizing. These services are utilized throughout a well's life and are therefore relatively protected even in weaker pricing environments." (11/11/14) - Philip Juskowicz, Casimir Capital

Enterprise Group Inc.

"We rate Enterprise Group Inc. as a Buy. We believe the diversity of the company's services, many of which are utilized beyond energy producers, insulates it from its more energy-focused Western Canadian service peers, which are reflecting the compression in oil prices. Within this context, we view Enterprise as an ideal alternative play to retain exposure to Western Canada with a reduced oil and gas profile." (11/11/14) - Steven Salz, M 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.
[news ][website ]

Quantum Energy (QEGY.PK:OTC)
Development stage publicly traded diversified holding company with an emphasis in oil field development trading
[news ][website ]

Super Nova Minerals Corp. (SNP:CNSX, OTC:SNOVF)
Oil & gas exploration company focused on developing the Millford Bakken property
[news ][website ]

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 Monday November 24, 2014

Cut or Not to Cut

To cut, or not to cut, that is the question—whether 'tis Nobler in the cartel to suffer the slings and pains of outrageously low oil prices to try to undermine the U.S. shale oil producer or to cut production and risk losing market share forever. For oil this week it is all about OPEC and how they can balance the conflicting short term needs of the cartel and their long term viability. The rise of the U.S. oil producer has made life very difficult for the old cartel and it is clear that there is no consensus on what to do. Saudi Arabia seems focused on the long game as it tries to outlast the shale oil production threat from the U.S. The Saudi's are ready for a showdown the question is if anyone else is?

Many producers in the cartel are already passed their point of pain especially Venezuela and Ecuador. While the Saudis might be able to sustain a price war there are many cartel members that cannot. There have been many rumors as that Iran will go to Saudi Arabia and try to get them to agree to a production cut of one million barrels. This might be a tough sell because the Saudi's and Iranians don't see eye to eye on anything, The problem is that if a million barrels is going to come off OPEC production, it will mainly be on the back of the Saudi's who won't act unless it can get some help from Non-OPEC producers like Russia, Mexico or Norway. Last week Iranian Oil Minister Bijan Namdar Zanganeh that Iran would not cut one single barrel oil yet this week he is going to be the voice of reason. Zanganeh says that he will propose to Saudi Arabia a production cut ahead of the OPEC meeting. I wonder how that is going to go over.

Besides according to estimates the globe is already being oversupplied to the tune of 2 million barrels a day so 1 million may not make a dent in the global oil glut. That is especially true if Non-OPEC producers fail to cut as well. In the end OPEC will come up with something. The most likely outcome is an adherence to production quotas and a possible mechanism to cut production in the future. Based on oil market trading action the trade is betting that whatever OPEC does it won't be enough. Even China's surprise stimulus and a very dovish Mario Draghi is not enough to keep oil going strong.

The good news is that gas prices continue to fall. Many times we have spoken about a new era of lower gasoline and oil prices and our predictions are coming true. The princess of petroleum Trilby Lundberg reported that the average price of regular gasoline fell another 10 cents a gallon over the past two weeks a national average of $2.84. That is a whopping 88 cent a gallon drop since last May. Trilby says that the highest price for gasoline is the city by the bay San Francisco where prices $3.14 and the lowest price in Albuquerque New Mexico at $2.47 a gallon.

A break in the cold weather is breaking natural gas! The story is that when it comes to gaps they are meant to be filled. On the Sunday reopen, natural gas filled a downside gap by trading below 418 yet left a big upside gap to do that. With another cold blast coming next week the trade will expect at least one more sharp rally. Volatility remains high in the natural gas.

Price Links Video series gives insight across the financial spectrum. https://www.youtube.com/playlist?list=PLDq9JQANqxRxCBaHqunzBT4Frxitjw-XV. You can also get updates if you follow me on Twitter @energyphilflynn and you can also join me on Face 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 link https://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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November 24th, 2014

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