Energy Prospectus

I have updated my forecast model for Hemisphere for actual Q4 2023 (better than my forecast) and their fresh guidance for 2024. The Company's production will be down from Q4 to Q1 just due to weather, then ramp up into year-end. Due to their well completion schedule, most of the production growth wi...

Hemisphere is now aggressively buying back their stock, which is increasing per share valuation. From 12-31-2023 through 4-17-2024 the Company's common stock outstanding declined from 99,340,339 to 97,951,229, a 1.4% decline. Operations Update and Outlook 2023 was another rewarding year for Hemisphe...

2023 Highlights Increased fourth quarter production by 16% to a record of 3,386 boe/d (99% heavy oil), and annual production by 11% to 3,125 boe/d (99% heavy oil), as compared to 2022. < Slightly higher than my forecast of 3,375 Boe per day. Achieved annual revenue of $84.5 million, with adjusted fu...

Working gas in storage was 2,333 Bcf as of Friday, April 12, 2024, according to EIA estimates. This represents a net increase of 50 Bcf from the previous week. Stocks were 424 Bcf higher than last year at this time and 622 Bcf above the five-year average of 1,711 Bcf. At 2,333 Bcf, total working gas...

Standard Chartered Says Peak Oil Demand Is Not Imminent By Alex Kimani - Apr 17, 2024, 7:00 PM CDT Whereas the short-term oil price outlook appears murky, leading oil agencies remain largely bullish about the long-term outlook. Interestingly, over the medium-and long-term, only the IEA sees global o...

From Reuters: US to hit Iran with new sanctions in "coming days", Yellen says U.S. Treasury Secretary Janet Yellen on Tuesday warned that the U.S. intends to hit Iran with new sanctions in coming days over its unprecedented attack on Israel, and these actions could seek to reduce Iran's c...

This forecast is from HFI with my comments in blue . --------------------------------------------------- It's that time again. It's that time to make a forecast on the oil market with almost a high degree of confidence in getting it wrong, but hey, you can't fault me for trying. There are a few cent...

Israeli Prime Minister Benjamin Netanyahu left no doubt in a statement on Wednesday, regarding what his Jewish country might do should current tensions with Iran escalate further. "Israel will do whatever it needs to defend itself," Netanyahu said in a statement. The comment came after sep...

MY TAKE: Talk is cheap and oil traders don't believe that Team Biden will do anything that might raise gasoline prices this year. ------------------------------------ White House National Security Advisor Jake Sullivan released a statement Tuesday announcing that new sanctions will be placed agains...

This is just "noise" caused by the delay in getting their audit completed. When they uplisted to Nasdaq they had to get a new public auditing firm. When a public company switched auditors it creates a lot of up-front work. Kolibri is a rather "simple" company, so it should not t...