Energy Prospectus

Read latest Making Hay commentary from David Hay today which prompts this post. Pretty much in line with Stephanie Pomboy's warnings. Has anyone else noticed that there doesn't seem to be anyone in charge in DC that has any inclination to live within $2 trillion of their means and that folks abroad ...

Good stuff. Thanks for posting.

Exploration whiff.

• Peyto makes a rare large acquisition of Repsol Canada Energy Partnership for C$636 million, deviating from its history of small bolt-on acquisitions or no acquisitions. • The acquisition is largely financed with debt, raising the risk of the strategy, but the potential rewards outweigh the presume...

Any thoughts on why the issue with storage in Cushing?

$42 million at 8.5% convertible at $13.25 per share to redeem $34.5 million at 6.75% convertible at $19.13 per share. Not the worst terms we have seen in this rising interest rate environment. Surge is not over levered, has a great development plan, and is making nice monthly dividends so this seems...

Bring it!

Summary of Weekly Petroleum Data for the week ending September 22, 2023 U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending September 22, 2023, which was 239 thousand barrels per day less than the previous week’s average. Refineries operated at 89.5% of their ...

Does anyone know if American Oilman has been discontinued? The link for weekly historical gas storage has not been updated since April.

EIA Natural Gas Storage Data Total (09/22/23): 3,359 Bcf Total (09/15/23): 3,269 Bcf Net change: 90 Bcf Implied flow: 90 Bcf Year ago stocks: 2,962 Bcf % change from year ago: 13.4 % 5-year avg stocks: 3,170 Bcf % change from 5-year avg: 6.0 % Best I can tell we closed the gap to 5 year average by 1...