Energy Prospectus

Closing Prices
> Prompt-Month WTI (Apr 23) was up $1.69 on the day, to settle at $69.33
> Prompt-Month Henry Hub (Apr 23) was up $0.125 on the day, to settle at $2.348

OilPrice.com Oil Market Fundamentals Push Oil Prices Higher Having survived the macro mayhem of last week, oil prices have marginally rebounded this week, with ICE Brent climbing toward $75 per barrel again. The perennial bulls have started to discuss the commodity supercycle again, while the UN pub...

Right at the outset, we want to acknowledge that macroeconomic demand-side risks have become front-and-center for the oil market, and rest assured, we will provide an update in the near future on the latest macro concerns. Today, though, we want to address a particular aspect of the supply side of t...

OECD raises global growth forecast and says inflation still main challenge < If this is true, demand for oil will increase and the price of oil should increase because supply growth will not keep up with demand. OECD raises its 2023 global GDP growth forecast to 2.6%, up from 2.2% in its previous pr...

To get breakeven for FCF for each company you need to use each company's forecast model. > download it to Excel on your computer > First see how their hedges impact the realized prices for oil and gas in the tables at the bottom far right. > Change the oil and gas prices for each quarter in the tabl...

WTI needs to find a support level first. If you read the IEA's Oil Market Report for March you will see that everything points to a very tight global oil market later this year.
Natural gas needs a few good storage reports.

I am traveling this week, so very limited access to the internet.

Susan and I will be traveling all next week and we have a lot to do today, so no podcast this weekend.

See Previous Post: First I want to thank Ray for the good work of showing that all of our Sweet 16 can survive a year of lower oil and gas prices. WTI oil may drop briefly to $60/bbl in this "Fear of Recession" selloff, but I doubt that HH natural gas prices will stay below $2.50 much long...

Thank you Ray!

We will be sending out an updated profile on REPX tomorrow morning. At the time of this post the stock was trading at $30.50. My current valuation is $52/share. In case you are wondering, even if WTI averaged $60/bbl for the rest of the year, Riley would still generate enough operating cash flow to ...