Search found 34807 matches
- Sat May 25, 2024 8:32 am
- Forum: Sweet 16 Portfolio
- Topic: Crescent Energy (CRGY) has been added to the Sweet 16
- Replies: 1
- Views: 66
Crescent Energy (CRGY) has been added to the Sweet 16
Today Crescent Energy (CRGY) replaces Talos Energy (TALO) in the Sweet 16. My Sweet 16 summary spreadsheet (all 3 tabs) as of 5/25/2024 has been updated and posted to the EPG website. The forecasts for all 35 stocks in our three model portfolios can be found on the updated spreadsheet. The stocks in...
- Sat May 25, 2024 8:16 am
- Forum: Sweet 16 Portfolio
- Topic: Baytex Energy (BTE) Valuation Update - May 10
- Replies: 2
- Views: 176
Re: Baytex Energy (BTE) Valuation Update - May 10
I like BTE for two reasons: 1. I believe the "Right Price" for WTI is over $80/bbl, which supports HFI's Bull Case below. 2. I also believe that they acquired Ranger Oil (a company I followed for over five years) are a very good price. Baytex has a lot of upside in the South Texas Eagle Fo...
- Fri May 24, 2024 1:45 pm
- Forum: The View from Houston
- Topic: Wind and Solar CANNOT meet AI's rising demand of electricity
- Replies: 0
- Views: 47
Wind and Solar CANNOT meet AI's rising demand of electricity
Super expensive AI data centers will not risk depending on unreliable wind and solar for their BIG electricity demand. Natural Gas: A Natural Bridge to Fuel AI’s Electric Demand Story by Paul Hoffman Big tech companies may have to renege on their clean energy promise and use power generated from na...
- Fri May 24, 2024 10:29 am
- Forum: Sweet 16 Portfolio
- Topic: Ovintiv (OVV) Valuation Update - May 24
- Replies: 0
- Views: 55
Ovintiv (OVV) Valuation Update - May 24
This morning, I finished my review of the updated profile for Ovintiv, one of the largest companies in the Sweet 16. Q1 2024 production was 574,000 Boepd, beating my forecast. At the time of this post OVV was trading for $48.55. My valuation increases by $1 to $71/share, which is just 3.1 X annualiz...
- Fri May 24, 2024 10:13 am
- Forum: The View from Houston
- Topic: SPR Graph
- Replies: 1
- Views: 63
Re: SPR Graph
They are selling off the Northeast gasoline reserves, that were established after hurricane Sandy caused serious fuel shortages in the Northeast. To hell with national security.
- Fri May 24, 2024 8:39 am
- Forum: The View from Houston
- Topic: Copper Demand
- Replies: 0
- Views: 110
Copper Demand
Copper is trading at an all-time high. If you have not watched the replay of our May 22nd webinar with Teo Dechev, CEO of Mundoro Capital (MUNMF) I highly recommend that you do so. Here is the direct link to the replay: https://www.youtube.com/watch?v=DuNjULdcgTE First, read these comments from IEA ...
- Thu May 23, 2024 1:55 pm
- Forum: The View from Houston
- Topic: EIA Natural Gas Storage Report - May 23
- Replies: 2
- Views: 82
Re: EIA Natural Gas Storage Report - May 23
When commodity prices make big moves higher, the "Paper Traders" tighten up their stop loss orders. This is especially true leading up to storage reports and the monthly OPEC and IEA reports for oil. Sell offs in the NYMEX futures market are often triggered by one big sales that causes a l...
- Thu May 23, 2024 1:51 pm
- Forum: The View from Houston
- Topic: Oil Price Forecast - May 23
- Replies: 0
- Views: 25
Oil Price Forecast - May 23
UBS on Thursday forecast Brent crude prices to rise to $91 per barrel over the coming months, citing an undersupplied oil market. The investment bank expects the eight Organization of the Petroleum Exporting Countries' (OPEC+) member states with voluntary production cuts to extend them for at least ...
- Thu May 23, 2024 10:27 am
- Forum: The View from Houston
- Topic: EIA Natural Gas Storage Report - May 23
- Replies: 2
- Views: 82
EIA Natural Gas Storage Report - May 23
Working gas in storage was 2,711 Bcf as of Friday, May 17, 2024, according to EIA estimates. This represents a net increase of 78 Bcf from the previous week. Stocks were 402 Bcf higher than last year at this time and 606 Bcf above the five-year average of 2,105 Bcf. At 2,711 Bcf, total working gas i...
- Thu May 23, 2024 9:23 am
- Forum: The View from Houston
- Topic: Oil Price: HFI Research turning bullish on oil price
- Replies: 0
- Views: 44
Oil Price: HFI Research turning bullish on oil price
Note this morning from HFI Research, which I have a lot of respect for: It wasn't long ago that everyone was bullish on oil. Bloomberg published an article noting the possibility of triple-digit oil prices this summer and we tweeted at that time that it was not a bullish indicator. Following today's...