Search found 34717 matches
- Fri May 10, 2024 7:07 pm
- Forum: The View from Houston
- Topic: Peak Oil Demand is a lie.
- Replies: 0
- Views: 28
Peak Oil Demand is a lie.
"The message of the growth of the middle class globally often gets lost in the constant blare of climate change and energy transition noise. The fact remains that the world we live in today and the one likely to exist at mid-century, runs on oil. The notion that the world can quickly and painl...
- Fri May 10, 2024 4:16 pm
- Forum: The View from Houston
- Topic: Oil & Gas Prices - May 10
- Replies: 2
- Views: 44
Re: Oil & Gas Prices - May 10
Standard Chartered has predicted that global oil markets will record the biggest stock draws in the first half of 2024 in May and June, implying we have entered a key period for oil fundamentals that will determine whether the market will tighten further or disappoint. StanChart says to watch global...
- Fri May 10, 2024 4:10 pm
- Forum: The View from Houston
- Topic: Oil & Gas Prices - May 10
- Replies: 2
- Views: 44
Re: Oil & Gas Prices - May 10
EIA forecasts: Short Term Energy Outlook dated May 7, 2024 Global oil prices. We expect voluntary OPEC+ crude oil production cuts and ongoing geopolitical risks will keep the Brent crude oil spot price near $90 per barrel (b) for the remainder of 2024 before falling to an average of $85/b in 2025 as...
- Fri May 10, 2024 2:59 pm
- Forum: The View from Houston
- Topic: Oil & Gas Prices - May 10
- Replies: 2
- Views: 44
Oil & Gas Prices - May 10
Oil prices dropped by more than 1% to settle at $78.26 per barrel on Friday, but ending up where they began the week. < Lot of “noise” making the traders nervous. > Comments from US central bank officials suggesting that interest rates could remain higher for longer, potentially curbing demand from ...
- Fri May 10, 2024 2:18 pm
- Forum: The View from Houston
- Topic: Any Ideas on Raison du jour for the Punishment today?
- Replies: 1
- Views: 62
Re: Any Ideas on Raison du jour for the Punishment today?
The Erick Erickson Show Democrats Get Trumpy On The Border As a record number of illegal immigrants have crossed the southern border, Democrats have finally realized that their party’s stance on border security is at odds with the majority of Americans. Why this matters: With an election less than s...
- Fri May 10, 2024 2:13 pm
- Forum: Sweet 16 Portfolio
- Topic: Baytex Energy (BTE) Valuation Update - May 10
- Replies: 0
- Views: 54
Baytex Energy (BTE) Valuation Update - May 10
At the time of this post BTE was trading at $4.79Cdn and $3.50US. I updated my forecast/valuation model for their Q1 results and updated guidance (no significant changes). I'm lowering my valuation by $0.50US to $6.40US ($8.64Cdn). < I'm still bullish on this stock. Q1 operating expenses were higher...
- Fri May 10, 2024 9:08 am
- Forum: Sweet 16 Portfolio
- Topic: Baytex Energy (BTE) Q1 Results - May 9
- Replies: 2
- Views: 106
Baytex Energy (BTE) Q1 Results - May 9
Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months ended March 31, 2024 (all amounts are in Canadian dollars unless otherwise noted). "In the first quarter we safely ...
- Fri May 10, 2024 8:39 am
- Forum: The View from Houston
- Topic: Brent Oil Price moves over $84 - May 10
- Replies: 0
- Views: 51
Brent Oil Price moves over $84 - May 10
Reuters: Oil benchmark Brent above $84 on perky demand signals, MidEast conflict By Natalie Grover May 10, 2024 6:34 AM CDT LONDON, May 10 (Reuters) - Global benchmark Brent hovered above $84 a barrel on Friday after data this week signaled growing demand in the U.S. and China, the world's two large...
- Thu May 09, 2024 6:29 pm
- Forum: Sweet 16 Portfolio
- Topic: Magnolia Oil & Gas (MGY) Valuation Update - May 9
- Replies: 0
- Views: 41
Magnolia Oil & Gas (MGY) Valuation Update - May 9
If you like a simple business strategy, steady production growth year after year, rising dividends and aggressive stock buybacks then MGY is for you. Q1 results were solid and Q2 results should be much better. None of this company's production is hedged. My valuation of MGY increases by $1 to $32/sh...
- Thu May 09, 2024 5:47 pm
- Forum: The View from Houston
- Topic: Oil & Gas Prices - May 9
- Replies: 0
- Views: 45
Oil & Gas Prices - May 9
Trading Economics: WTI Oil "WTI crude futures rose above $79 per barrel on Thursday, extending gains from the previous session as official data showed a decline in US crude stockpiles, signaling tighter supply. EIA data showed that US crude inventories fell by 1.361 million barrels last week, ...