Energy Prospectus

dan_s

A few seats are available for today's luncheon in Dallas. Just register at 310-454-4299 or LizOlsonRoadshows@gmail.com Hosted by Nouveau Monde Graphite, Inc. (NMG:NYSE) Thursday, March 20th, 2025 Luncheon: 12 Noon Ocean Prime 2101 Cedar Springs Road Dallas, TX 75201 MY TAKE on NMG: GM and Panasonic ...

dan_s

Working gas in storage was 1,707 Bcf as of Friday, March 14, 2025, according to EIA estimates. This represents a net increase of 9 Bcf from the previous week. Stocks were 624 Bcf less than last year at this time and 190 Bcf below the five-year average of 1,897 Bcf . At 1,707 Bcf, total working gas i...

dan_s

Summary of Weekly Petroleum Data for the week ending March 14, 2025 U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending March 14, 2025, which was 45 thousand barrels per day less than the previous week’s average. Refineries operated at 86.9% of their operable ...

dan_s

Notes from EIA's Short Term Energy Outlook: Trade policy assumptions. The current landscape for U.S. trade policy continues to rapidly evolve. On February 1, President Donald J. Trump signed an Executive Order announcing the imposition of tariffs on imports from Canada, Mexico, and China. Subsequent...

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President Donald Trump's recent letter to Iran's supreme leader included a two-month deadline for reaching a new nuclear deal, it was reported Wednesday. Trump sent a letter to Ali Khamenei seeking a new agreement with Tehran to restrain its rapidly advancing nuclear program and replace the one from...

dan_s

Hemisphere's 2025 drilling program will complete the development of the two polymer floods within Atlee Buffalo. Based on my discussions with Don Simmons, they expect Atlee Buffalo to flatten out at around 4,500 Bopd and then hold there for several years. The two polymer floods should have very low ...

dan_s

See slide 8 of the slides that I spoke from at today's luncheon. The slide deck can be found on the EPG website by clicking on "EPG Events: Presentations and Specials". Appalachia and the Haynesville are the only areas with significant upside. High volume horizontal gas wells come on stron...

dan_s

It always amazes me how the Wall Street Gang does not trust the management teams of these highly successful companies. 90% of stocks decline when they announce accretive acquisitions and rebound when actual results prove that the transactions was a wise move.

dan_s

This is good news. Journey's CEO will be joining me on an EPG webinar in April. CALGARY, March 19, 2025 /Newswire/ - Journey Energy Inc. (JOY – TSX; JRNGF - OTCQX) (“Journey” or the “Company”) is pleased to announce it has entered into a new lending relationship with a Canadian Chartered bank. Journ...

dan_s

At Wednesday's luncheon my 15-minute presentation was an update on the (very bullish) U.S. Natural Gas Market. Our guest speaker was Eric Desaulniers, CEO of Nouveau Monde Graphite (NYSE: NMG). If you would like to receive the slides that we spoke from, send an email to Sabrina at energyprospectus@g...

dan_s

I agree 100%.

A company of this size and quality should be drawing a lot more attention.

dan_s

I will be discussing some of the points made in this article at today's luncheon in Houston: https://www.zerohedge.com/energy/harold-hamm-drill-baby-drill-needs-80-oil " The U.S. shale needs much higher oil prices than $50 per barrel, and even higher than the current WTI Crude oil price in the ...

dan_s

https://tradingeconomics.com/commodity/copper Copper futures surged past the key $5 per pound level on Wednesday, reaching fresh ten-month highs as the spot market continued to reflect supply tightness, with inventories in both London and Shanghai exchanges declining. > On the demand side, optimism...

dan_s

Watch this video: https://www.youtube.com/watch?v=uXi5NGpgrXA

If the Federal Government of the U.S. does not stop outspending its revenues, the U.S. will FAIL. DEBT KILLS.

dan_s

Oil-related equities have pulled back sharply over the past month, driven by macroeconomic concerns related to tariffs and the news that OPEC will begin unwinding production cuts. But cutting through the headlines to the market fundamentals, both the IEA and EIA report that global oil stocks have be...

dan_s

TipRanks: "In the last 3 months, 14 ranked analysts set 12-month price targets for MTDR. The average price target among the analysts is $75.43." Since March 5, four of the analysts have adjusted their price targets to $65, $67, $70 and $73. Hedges: Matador only has oil collars in place th...

dan_s

Up more than 10% today on heavy volume. When the stock price of a small-cap like this ramps up quickly ($8.30 to over $35.00 in less than 8 months), it is because buyers outnumber the sellers by a wide margin. Investors that buy a lot of the stock are wise to tighten up their stop loss orders to loc...

dan_s

Send me an email if you'd like to read it: dmsteffens@comcast.net

The five new wells that Kolibri will be completing in Q2 will have a big impact on the share price.

dan_s

Bottomline: Team Biden made no attempt to stop this war from starting. Trump would never have allowed it to start. Would the U.S. allow China to put missiles in Mexico? All Team Biden had to do was agree not to allow Ukraine to join NATO. Now millions are dead and millions more will have their lives...

dan_s

https://www.msn.com/en-us/news/us/climate-change-i-ve-authorized-production-of-energy-with-coal-trump/ar-AA1B8awl Fact: Fossil fuels (coal, oil, NGLs and natural gas) represent more than 80% of the world's primary energy supply AND the percentage won't change anytime soon. Trump is not afraid to tel...

dan_s

Higher natural gas prices should give InPlay a nice revenue boost this year.

I hope to get Doug Bartoli, InPlay's CEO on a webinar soon.

dan_s

My take is that oil demand will increase in Q2 2025 and WTI will firm up over $70.00/bbl. I will be lowering the oil price used in my forecasts and increasing the natural gas price. Actual realized oil and gas prices will balance out in Q1 2025, so I expect financial results to be close to my Sweet ...

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Comments below are from Keith Kohl In a completely unshocking bit of news (to us, at least), the EIA has increased its West Texas Intermediate (WTI) spot price forecasts for both 2025 and 2026 in its latest short-term energy outlook. The EIA now anticipates the WTI spot price to average $70.68 per b...

dan_s

Energy Secretary Chris Wright said Friday that work on a proposed pipeline to bring natural gas through New York to help supply energy to New England could start by the end of this year. Wright said in an appearance on FOX Business Network's "Mornings with Maria" that he thinks it's "...

dan_s

Last Look on Friday, March 14 Prompt-Month Henry Hub (April 25) was down $0.007 on the day, to settle at $4.104 Prompt-Month WTI (April 25) was up $0.63 on the day, to settle at $67.18 All of our Sweet 16 are very profitable at the prices above. My forecasts are based on the following natural gas pr...

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Notes below are from HFI Research" We recently discussed our bullish thesis on natural gas in an article where we make the case that the 14.6 bcf/d demand increase from LNG by 2030 will drive prices significantly higher. U.S. natural gas E&Ps are the most direct way to play the natural gas ...

dan_s

Russian President Vladimir Putin this afternoon offered preliminary support for a 30-day ceasefire in Ukraine proposed by the United States and Ukraine earlier this week reports the NY Times. Putin caveated that ultimately any agreement will need to address the root causes of the conflict and not si...

dan_s

Here is my View from Antigua this morning. If WTI averages more than $65/bbl through the end of March, the average price will be slightly lower than what I used in my Q1 forecasts ($72.50/bbl). Higher natural gas prices in the quarter should offset the lower oil price, so Q1 results for all of the ...

dan_s

From my cabin in Barbados Working gas in storage was 1,698 Bcf as of Friday, March 7, 2025, according to EIA estimates. This represents a net decrease of 62 Bcf from the previous week. Stocks were 628 Bcf less than last year at this time and 230 Bcf below the five-year average of 1,928 Bcf. At 1,698...

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Kolibri Global Energy Inc. (the “Company” or “KEI“) (TSX: KEI) is providing the results of its December 31, 2024, independent reserves evaluation. All amounts are in US$ unless otherwise stated. Wolf Regener, President and CEO, commented: “We are very pleased with the large growth we had in Proved R...

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One of the things that drew me to Rubellite is that Don Simmons, CEO of Hemisphere, is a shareholder. Plus, all the good stuff that Harry posted above.

dan_s

Good work Harry.
This one is definitely a "Keeper" in our High Yield Income Portfolio for those of you investing for high dividend yield.

dan_s

Waking up in Grenada this morning. Another beautiful day. Looks like the oil price has found a support level. It will be confirmed if the price can hold over $65 after EIA reports a build in U.S. crude oil inventories, which is normal for this time of year. https://oilprice.com/Latest-Energy-News/Wo...

dan_s

This is way too long. Start a new post with new information.

dan_s

At this point I rate VRN a HOLD. I will be replacing it in the Sweet 16 with WhiteCap or another upstream company that gets the majority of its revenues from natural gas and NGL sales. I do think WhiteCap made a good acquisition for their shareholders. Size does matter in this business and when the ...

dan_s

Yes. CRGY is a Screaming Buy.

Crescent Energy (CRGY) has a very good production mix. Almost 60% of their production is natural gas and NGLs. At the midpoint of their guidance, the Company's production will be up 28% YOY in 2025.

dan_s

MY TAKE Higher tariffs on imported steel concerns me more than the tariffs on Canadian oil & gas. Higher steel prices will increase completed well costs. HFI expects EIA to report a large build in US crude oil inventories tomorrow. It is normal for US crude oil inventories to build this time of ...

dan_s

I agree that U.S. upstream companies will not increase drilling budgets unless oil prices move over $75/bbl. Note below from HFI Research this morning. ---------------------------- When Chris Wright, former CEO of Liberty Energy, became the US Secretary of Energy nominee, the entire energy sector ch...

dan_s

This merger is a big deal and I will definitely have some work to do when I get home.\

This is a reminder to all of you that when a company like VRN is grossly undervalued by the market, there is a good chance that it is a Screaming Takeover Target.

dan_s

Oil “downside” volatility rears its head again — is the range-bound market view about to break? Our oil price view for the past year-plus has been consistent: a range-bound market largely at the direction of OPEC+ policy that would need an ‘event’ to push the market away from the ~$65-85/Bbl window...

dan_s

Since Trump has made the tariffs against Canada and Mexico about border security, if both countries do significantly reduce the flow of fentanyl into the U.S., he will reduce the or eliminate the tariffs.
Team Trump knows we need Canadian heavy oil.

dan_s

MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum thanked her U.S. counterpart Donald Trump for an "excellent and respectful" call on Thursday, promising that her government would work on security and migration as Washington temporarily eased tariffs. After the call, Trump announc...

dan_s

We need both parties to want "To Make America Great Again". It is fine to have different opinions of what that means and good to have open debate and compromises. IMO the Democrats have moved way too far into the land of the Wackos of the Left. Why would anyone not want to stop the wastefu...

dan_s

"If Trudeau had a brain, which he doesn't, he would convince Alberta, which he can't, to mandate a production cut similar to 2018 when WCS-WTI spreads blew out. A 500k b/d decrease would smack US commercial crude storage by ~3.5 million bbls a week." - HFI Research 3-7-2025

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Of the ten most largest Canadian companies, four are in the energy sector, per Syntax Data. These are Enbridge (second most exposed of all Canadian firms), TC Energy (fourth), Parkland Corp (ninth), and Suncor Energy (tenth). Enbridge, the pipeline giant operating Mainline, the largest pipeline netw...

dan_s

US natural gas futures fell below $4.3/MMBtu from a 25-month high of $4.5 in the previous session, following EIA data showing a smaller-than-expected storage draw. US utilities withdrew 80 billion cubic feet (bcf) of gas for the week ending February 28, below market forecasts of 96 bcf, bringing tot...

dan_s

Trading Economics WTI crude rebounded to $67.3 per barrel Friday morning, attempting to recover from recent declines, after Russia's Deputy Prime Minister Novak indicated that OPEC+ could reconsider its planned output increase after April if market conditions remain imbalanced. Despite the uptick, W...

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Trading Economics WTI crude oil futures fluctuated around $66 per barrel on Thursday, after dropping to a multi-year low of $65.22 the previous session. > Prices faced pressure from ongoing trade tensions, with the U.S. imposing tariffs on Canadian and Mexican goods, including energy imports, while ...

dan_s

The oil traders have over-reacted to the OPEC decision to bring more oil to the market starting in April. OPEC's increased oil output is very small and oil demand always increases in Q2. There is nothing wrong with MTDR. Q1 results should be very close to my forecast. Operating cash flow should be c...

dan_s

On 3-6-2025 Mark Lear at Piper Sandler rated CIVI a Buy with a price target of $66.00 Mark Lear is a highly respected energy sector analyst, and his price targets are usually relatively conservative. TipRanks today: "In the last 3 months, 12 ranked analysts set 12-month price targets for CIVI. ...

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