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January 26th, 2020

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Oil Market Update...
Clive Maund  Dec 12  

Oil Market Update - consequences of Saudi attacks...
Clive Maund  Sep 18  

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  

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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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  Robert J. Moriarty

Welcome to 321energy.



The Energy Report

Phil Flynn
http://www.pricegroup.com/
pflynn@pricegroup.com


The Phil Flynn Energy Report 01-24-2020

Oil At Ground Zero

Oil prices are at ground zero for the market-related fallout from the SARS-like coronavirus, a virus called 2019-nCoV. While the stock market is already looking past the disease after the World Health Organization (WHO) said it was too early to declare an international emergency, oil demand is suffering. Sure, oil did pop off of the lows after the WHO declaration and may have even hit bottom, yet some damage has been done.

Already the virus has caused significant oil demand destruction to take place. China's quarantine is growing, locking down over 40 million people. Many of those 40 million would typically be traveling by planes, trains, busses to vacation spots and partake in Lunar Day festivities. Even those that are not under quarantine may stay home at a time when hundreds of millions travel in China in and out of the country. Many of the Lunar Day festivities have been canceled along with flights due to airport closures and trains shutting down that will eventually add up to hundreds of thousands of unused barrels of jet fuel, diesel and gasoline.

The key, of course, for oil is to determine how quickly the quarantines will be lifted and whether this virus is really under control or does it continues to spread. Yesterday the World Health Organization press conference became a market-moving event as stock traders rejoiced when they said this was just a China problem. Yet the disease has crossed borders and has been found in the United States, Japan, Singapore, Thailand and Viet Nam.

The New York Times reports that, "Researchers at Northeastern University and Imperial College London estimate that the number of cases maybe five or ten times higher than what has been reported. The most likely number is around 4,000 cases, according to the estimates, which will change as more information about the virus becomes known. That is much more than the 800 confirmed cases that we have heard about.

The virus overshadowed what would have normally had been a very supportive Energy Information Administration (EIA) supply report. Market Watch reported that U.S. crude supplies fell by 400,000 barrels for the week ended Jan. 17. Analysts polled by S&P Global Platts forecast a rise of 500,000 barrels, while the American Petroleum Institute on Wednesday reported an increase of 1.6 million barrels, according to sources. EIA and API data were each released a day later than usual because of Monday's Martin Luther King Jr. holiday. The EIA data also showed a supply climb of 1.7 million barrels for gasoline, but distillate stocks declined by 1.2 million barrels. The S&P Global Platts survey had shown expectations for an increase in supplies of 3.3 million barrels for gasoline and 1.6 million barrels for distillates.

U.S. production held at 13 million barrels a day and demand came back. Total commercial stocks fell 1.9MB. Total demand on the U.S. system increased 2.95Mbpd to 30.29M bpd. Just short of the all time high for total U.S. demand is 30.54M bpd. The U.S. was a net oil importer by only 15k bpd.

Despite the pall hanging over the Lunar New Year, I want to wish those who are celebrating a very happy and safe one. By the way, it is the "year of the rat," and according to my Chinese restaurant menu, I was born a rat. Hey wait a minute! Insert joke here.

The Year of the Rat may be the best time to invest in yourself. Tune to the Fox Business Network. Invest in you!

Also get signed up for my wildly popular trade levels as well as exclusive content by calling 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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January 26th, 2020

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