Energy Prospectus

Closing Prices: > Prompt-Month WTI (Jul 23) was up $2.01 on the day, to settle at $70.10 > Prompt-Month Henry Hub (Jul 23) was down $-0.108 on the day, to settle at $2.158 Oil price dips caused by FEAR seldom last. IMO the FEAR that the U.S. would default on the country's debt was way overblown. IMO...

This is interesting (to me at least): Over the 13-week period (a quarter of a year) from February 25 to May 26 the net change in NG storage has been a total of 65 Bcf BELOW the 5-year average. This means that over the last quarter of a year, the U.S. natural gas market has been tighter than the 5-ye...

Summaries of why RBC likes them: Permian Resources (PR) We believe PR shares should outperform the peer group over the next 12 months. The company has large, contiguous acreage positions in the core of the southern and northern Delaware Permian with a 10-15 year inventory.  Strong free cash flow. W...

It is an honor for these companies to make the RBC Best Ideas list:
Permian Resources (PR)
Range Resources (RRC)
Diamondback Energy (FANG)

The energy sector team at RBC Capital is "World Class".

I have posted an updated profile and forecast/valuation model for BSM to the EPG website. > BSM is in our High Yield Income Portfolio. Current annualized yield is over 12%. > Pristine balance sheet with large cash balance. > ~50% of 2023 natural gas hedged at $5.15 with Swaps. > I expect production ...

Trading Economics "WTI crude oil futures rebounded past $70 per barrel on Thursday after touching a two-month low of $68 in the previous session, supported by a weaker dollar and market relief as the US is set to suspend its debt ceiling until 2025. Markets also braced for potential price-suppo...

Summary of Weekly Petroleum Data for the week ending May 26, 2023 U.S. crude oil refinery inputs averaged 16.2 million barrels per day during the week ending May 26, 2023, which was 96 thousand barrels per day more than the previous week’s average. Refineries operated at 93.1% of their operable capa...

Working gas in storage was 2,446 Bcf as of Friday, May 26, 2023, according to EIA estimates. This represents a net increase of 110 Bcf from the previous week. Stocks were 557 Bcf higher than last year at this time and 349 Bcf above the five-year average of 2,097 Bcf. At 2,446 Bcf, total working gas ...

CPG has reported that all of their Kaybob production that was shut-in due to the wildfires in Western Canada is now back online.

ROK Resources also had a small amount of Kaybob production shut-in.

Opening Prices: > WTI is up $0.21 to $68.30/bbl, and Brent is up $0.11 to $72.71/bbl. > Natural gas is down -5.7c to $2.209/MMBtu. AEGIS Notes Oil Oil trades slightly higher as the market weighs demand uncertainty and recession fears July ’23 WTI gained 21c this morning to trade around $68.30/Bbl Th...