Energy Prospectus

dan_s

On a much smaller scale, take a hard look at Solaris Energy Infrastructure, Inc. (SEI)

dan_s

By the end of September, the surplus of natural gas is storage to the 5-year average should be under 200 Bcf and under 125 Bcf by the end of October.

dan_s

Trading Economic: WTI Oil WTI crude oil futures OCT24 closed at $71.77 per barrel on Friday, a second consecutive weekly gain, driven by demand optimism and potential supply risks amid rising Middle East tensions. > Reports indicated that US refineries are planning their lightest maintenance in thre...

dan_s

In my opinion, it is misleading to compare natural gas in storage to the 5-year average because demand for U.S. natural gas is much higher today than it was 5 years ago. Measured on Days of Demand the gas in storage today is below the 5-year average. Global demand for natural gas is going up much fa...

dan_s

The forecast/valuation models for all of the companies in our Small-Cap Growth Portfolio and our High Yield Income Portfolio have been updated. The four midstream companies don't need to be updated. All of them should report solid Q3 results since WTI did average close to $75/bbl during the quarter ...

dan_s

TipRanks 9-20-2024: Piper Sandler analyst Mark Lear maintained a Buy rating on Civitas Resources (CIVI) today and set a price target of $84.00 . The company’s shares closed yesterday at $54.74. Lear covers the Energy sector, focusing on stocks such as Civitas Resources, Devon Energy, and Vital Energ...

dan_s

I was not aware of this merger before we published our profile on Rubellite Energy. I will update my forecast on Saturday. My initial reaction is that the increased scale is a good thing. ------------------------------------ CALGARY, AB, Sept. 17, 2024 /CNW/ - Rubellite Energy Inc. (TSX:RBY) ("...

dan_s

At the time of this post VNOM was trading at $45.00. I have finished updating my forecast/valuation models for all four of the minerals/royalties companies (BSM, KRP, STR, VNOM) for my updated commodity price deck. Since Viper is the most heavily weighted to oil and it is virtually unhedged, it was ...

dan_s

TipRanks: On 9/17/2024 Diamondback Energy's (FANG) shares are expected to "outperform" its peers over the next 12-month period, RBC Capital Markets said in a note Tuesday. "Management has built a solid Permian Basin position with a deep inventory of liquids-rich development opportunit...

dan_s

Panasonic and GM each own 11% of NMG equity. They also have signed offtake agreements with NMG.

Send me an email if you'd like to see their updated Fact Sheet. dmsteffens@comcast.net

dan_s

Florida, Texas Warned of 'Rapidly' Strengthening Storm AccuWeather issued a report on Thursday about a potential storm system brewing in the northwestern Caribbean and southcentral, southwestern Gulf of Mexico. "There is the potential for a tropical storm that forms in this area to strengthen i...

dan_s

NMG is hosting our next Houston luncheon on October 1st. The speaker will be Marc Jasmin, NMG's Director of Investor Relations. Today's press release: Nouveau Monde Graphite has attained tangible milestones in preparing for the construction of the Phase-2 Matawinie (Graphite) Mine through key procu...

dan_s

Kolibri is in our Small-Cap Growth Portfolio. I have been following it for over three years. They had an issue with a completion crew not showing up to tie in several wells at the end of 2023. This caused Kolibri to miss their production guidance and the stock price declined by about 25% in Q4 2023....

dan_s

This one was recently recommended to me: https://alaskaenergymetals.com/ Nickel is one of the "Energy Metals". It is in the early stages of the development of a large-scale nickel project in the interior of Alaska, aiming to supply the essential strategic metals required to secure America’...

dan_s

When this LNG export facility comes online, U.S. natural gas prices will move over $3.00 within a few weeks.
https://venturegloballng.com/project-plaquemines/

It was expected to start loading gas by the end of September, but I have not seen an update recently.

dan_s

Working gas in storage was 3,445 Bcf as of Friday, September 13, 2024, according to EIA estimates. This represents a net increase of 58 Bcf from the previous week. < Compares to 5-year average build of 80 Bcf. Stocks were 194 Bcf higher than last year at this time and 274 Bcf above the five-year ave...

dan_s

To attend the October luncheon at Maggiano's register here: https://energyprospectus.com/nouveau-monde-graphite-luncheon/ Recent updates from NMG: Accelerated engineering of Phase-2 facilities to update the results of the Company’s integrated ore-to-anode-material feasibility study in view of the sp...

dan_s

Nouveau Monde Graphite Inc. (NMG) is hosting our next Houston luncheon on October 1st. Graphite is used in rechargeable batteries and demand for the metal could go way up if pure Graphene Batteries become all the rage because they recharge MUCH FASTER than lithium batteries. Is The Graphene Singula...

dan_s

As I have mentioned here and in my podcasts many time, U.S. oil production was lower during the first six months of this year than oil production was December, 2024. Upstream companies are not completing enough new wells to offset natural declines in older wells. Note from HFI Research this morning...

dan_s

Response below is from Riley Exploration Permian (REPX) , which is my Top Pick in our Small-Cap Growth Portfolio. ------------------------------- REPX gas is sold off WAHA index pricing. A very good explanation from the EIA came out on Sept 10th: https://www.eia.gov/todayinenergy/detail.php?id=63044...

dan_s

I emailed Paul McKinney to ask him if the new Matterhorn natural gas pipeline will help Ring get better natural gas prices. Here is his response: "We believe so…but how much relief the PL actually provides is still uncertain. It is flowing currently at start-up /testing rates and should be flow...

dan_s

I contacted ROK's investor relations person today to ask her if the company has changed anything since their guidance update on August 21st. She said no except that they might push a well completion from Q4 into Q1 2025, just so they keep 2024 capital expenditures lower than operating cash flow. The...

dan_s

There is a lot of oil & gas under the ground in Argentina, but there is also a lot of corruption. This is a problem throughout South America.

dan_s

Stock Buybacks
https://kolibrienergy.com/kolibri-global-energy-inc-announces-tsx-approval-of-normal-course-issuer-bid/

dan_s

https://kolibrienergy.com/press-releases/

dan_s

Three new horizontal wells drilled and to be completed by mid-November should increase production to 4,000 Boepd (89% liquids).

dan_s

Hurricane Francine related shut-ins impacted this week's report, and it will impact next week's report. Topical storms in the Gulf of Mexico impact production and imports & exports of crude oil and refined products. Summary of Weekly Petroleum Data for the week ending September 13, 2024 U.S. cr...

dan_s

As of today, I will be using the following oil and gas prices in my forecast. My current stock valuations will be updated in my September 30th newsletter. Since most of the companies have some production hedged, don't expect big changes to the valuations. I will post updated forecast/valuation mode...

dan_s

Read this: https://oilprice.com/Latest-Energy-News/World-News/India-Will-Continue-to-Buy-Cheap-Russian-Crude-Oil.html The attractiveness of cheaper crude supply has made Russia the single biggest supplier of oil to India. In July, India even topped China to become the biggest buyer of Russian crude ...

dan_s

Register by calling Danny Gravelle at Goal Capital Inc. Cell 916-934-6898 or just send an email to: contact@goalcapital.net Be Our Guest for Luncheons in Dallas: Solaris Resources, Inc. (NYSE: SLSR) Presenter: Arun Lamba, VP - Corporate Development Wednesday, September 18th, 2024 Luncheon: 12 Noon O...

dan_s

Jeff Currie, chief strategy officer of energy pathways at Carlyle Gold, Oil, and Copper Prices Are Set to Rise, This Energy Analyst Says. What’s Driving Demand Now. Carlyle’s Jeff Currie shares his take on how various market forces have pushed commodities into a new “supercycle.” Jeff Currie has bee...

dan_s

Nouveau Monde Graphite Inc. (NMG) will be hosting the October 1 luncheon which will be back at Maggiano's Little Italy, 2019 Post Oak Blvd, Houston, TX 77056 Doors open at 11:00 for networking. Lunch is served at 11:30 Presentation at noon. Nouveau Monde Graphite Inc. engages in the acquisition, exp...

dan_s

Just FYI Canadian companies report production volumes and revenues "gross" before royalties and then show royalties as a negative adjustment to revenues. U.S. companies show production and revenues net of royalties. Most U.S. companies pay royalties to the mineral owners that are 20% to 25...

dan_s

Two good days in a row for the Sweet 16 is not a trend, but I think the Fed interest rate cut tomorrow and confidence in future rate cuts should get commodity prices moving higher.

Hurricane Francine will impact the next two EIA Petroleum Reports.

dan_s

Arun Lamba, VP of Business Development for Solaris Resources made a good presentation at our luncheon on Tuesday. Solaris Resources (NYSE: SLSR and SLS.TO) closed today at $3.1850Cdn up 0.1150 (+3.7520%) First Call's Price Target is $12.46Cdn , which equates to approximately $9.22US. < In the last 9...

dan_s

If you don't have access to Canada's venture exchange, you can buy Source Rock Royalties on the Pink Sheets in the U.S.

The symbol is SRRRF. Same stock with the same dividends.

dan_s

33 have registered for the luncheon today (9/17)

Seating available for 7 more, so just send an email to Sabrina at energyprospectus@gmail.com is you wish to attend.

This luncheon is at
The Ballroom at Tanglewood
5430 Westheimer Road.

Doors open at 11AM for networking with lunch served at 11:30.

dan_s

Sweet 16 all green today. EIA's oil price forecast printed on September 10 Crude oil prices. Despite a drop in the Brent crude oil spot price to $73 per barrel (b) on September 6, we expect ongoing withdrawals from global oil inventories will push prices back above $80/b this month. More oil will be...

dan_s

This has gotten childish.

dan_s

From August 31 to September 13 our Sweet 16 Growth Portfolio lost 11.34%, which is the worst two-week period since the panic selling in early 2020 thanks to the Pandemic. The Sweet 16 was down 7.08% YTD at the close on September 13th. It is rebounding a bit today thanks to WTI getting back to $70/bb...

dan_s

The speaker at tomorrow's Houston Luncheon (9/17) will be Arun Lamba, an expert on the global copper market. On May 21st copper prices spiked to a all-time high of $5.10/pound. Trading Economics this morning: Copper futures edged up toward $4.20 per pound, the highest in three weeks, supported by a ...

dan_s

My Q3 2024 forecast are based on WTI averaging $75/bbl and HH natural gas averaging $2.00/MMBtu. Since July 1st WTI as averaged $74.90 and HH natural gas has averaged $2.18, so my Q3 forecasts should be close to actual. I may need to bring down my oil price and raise my HH natural gas prices for Q4 ...

dan_s

Trading Economics: WTI crude oil futures rose above $70 per barrel on Monday morning, extending a 1.4% gain from the previous week, driven by ongoing disruptions to US Gulf of Mexico oil infrastructure and expectations of a US interest rate cut. > Nearly 20% of Gulf of Mexico oil production remains ...

dan_s

For 2025 the outlook for natural gas and NGLs looks better than the outlook for oil prices. Just remembers that all of our Sweet 16 and most of our Small-Caps produce a combination of crude oil, natural gas, and NGLs. They are all profitable if WTI stays in the $60s (which I don't believe it will go...

dan_s

Rubellite Energy has been added to our Small-Cap Growth Portfolio. It replaces Granite Ridge Resources (GRNT). My forecast/valuation model and my initial profile on the Company has been posted to the EPG website. The profile will be sent to all EPG members this afternoon. In Harry's (The Petroleum E...

dan_s

This micro-cap was recommended by the same EPG member that brought us Hemisphere Energy and InPlay Oil. Share price is $0.86Cdn, dividend yield is 9.07%. CALGARY, AB, Sept. 16, 2024 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with...

dan_s

Watch Joe Bastardi's Saturday summary: https://www.weatherbell.com/premium/

Pictures of huge windmills along the Chinese coast were recently knocked over by a hurricane. The U.S. now has 600ft tall windmills along the east coast that are in hurricane alley.

dan_s

I did see that Apache (now named APC Corp.) was in your database and I should have come back to correct my note. APA closed at $23.94 on 9/13 TipRanks: "In the last 3 months, 19 ranked analysts set 12-month price targets for APA. The average price target among the analysts is $35.94. The 19 pri...

dan_s

Whale oil is the only primary energy source that has EVER gone on decline. Why? > Because we were running out of whales to kill. Killing animals for their fat to burn is not a sustainable energy plan. > As long as human population keeps growing, the world will need all sustainable forms of primary e...

dan_s

This is a very interesting interview with someone who really understands the global energy market, Arjun Murti: https://sprott.com/podcast/ep54 Maybe we need to retire the term energy transition because it's taken on a little bit of a life on its own. The common definition, I think, for most people ...

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