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by dan_s
Mon Apr 15, 2024 3:11 pm
Forum: The View from Houston
Topic: Joe Biden said "Don't", but Iran "Did". Now what?
Replies: 6
Views: 194

Re: Joe Biden said "Don't", but Iran "Did". Now what?

HFI points out the geopolitical risk is a distraction from the serious problem of under-investment in oil supplies. Oil market fundamentals this year have been healthy, but we are entering a short-term lull. Global refinery maintenance in April coupled with stretched financial positioning means that...
by dan_s
Mon Apr 15, 2024 3:00 pm
Forum: Other topics of interest
Topic: As Oil Soars, Trapped Hedge Funds Are Flooding Into Energy Stock Shorts And Hoping For A Selloff
Replies: 4
Views: 124

Re: As Oil Soars, Trapped Hedge Funds Are Flooding Into Energy Stock Shorts And Hoping For A Selloff

If WTI closes over $85/bbl, it sets that price up as a strong floor. Israel is not going to allow Iran to go unpunished. Today: "Asked if plans are in the works to increase pressure on Iran through additional sanctions after Saturday’s missile strike, the State Department said, “We are in ongoi...
by dan_s
Mon Apr 15, 2024 2:52 pm
Forum: Picks and tips from the EP community
Topic: Silverbow fundamentals
Replies: 4
Views: 126

Re: Silverbow fundamentals

Good stuff.
Ignore the hostile takeover attempt by Kimmeridge. It comes with the territory. Actually, it helped draw more attention to this grossly under-valued stock.
by dan_s
Mon Apr 15, 2024 11:02 am
Forum: The View from Houston
Topic: Why is the price of WTI down today?
Replies: 0
Views: 59

Why is the price of WTI down today?

Trading Economics: "WTI crude futures extended its early decline to trade 1.5% lower at the $84.5 per barrel mark on Monday, as the temporary waning of geopolitical tension in the Middle East lowered the risk premium on energy commodities. The Israeli defense warded off a series of areal strike...
by dan_s
Mon Apr 15, 2024 10:50 am
Forum: Sweet 16 Portfolio
Topic: Ovintiv (OVV) Price Target Updates - Apr 15
Replies: 0
Views: 77

Ovintiv (OVV) Price Target Updates - Apr 15

At the time of this post OVV was trading at $53.42. Two energy sector analysts have recently updated their price target to agree with my $69.00 valuation. > On April 12 Lloyd Byrne at Jefferies (rated 5-Stars by TipRanks) rates it a BUY with a $69.00 price target. > On April 11 Josh Silverstein at U...
by dan_s
Mon Apr 15, 2024 10:12 am
Forum: Sweet 16 Portfolio
Topic: EOG Resources (EOG) Price Targets Raised - Apr 15
Replies: 0
Views: 56

EOG Resources (EOG) Price Targets Raised - Apr 15

This morning two 5-Star rated energy sector analysts updated their price targets for EOG reported to TipRanks: Nitin Kumar at Mizuho Securities rates it a BUY with a price target of $140.00 Lloyd Byrne at Jefferies rates it a BUY with a price target of $157.00 22 analysts' price targets are in TipRa...
by dan_s
Mon Apr 15, 2024 9:16 am
Forum: Picks and tips from the EP community
Topic: Watch List: SRR.V for high yield
Replies: 3
Views: 130

Watch List: SRR.V for high yield

SRR was brought to my attention by the same EPG member that brought my attention to Hemisphere Energy and InPlay Oil. It is Canadian micro-cap minerals company that pays monthly dividends. The dividend announced this morning is annualized yield of 8.86%. At the time of this post SRR.V was trading a...
by dan_s
Mon Apr 15, 2024 8:53 am
Forum: Sweet 16 Portfolio
Topic: EQT Corp. (EQT) Update - April 15
Replies: 0
Views: 47

EQT Corp. (EQT) Update - April 15

PITTSBURGH, April 15, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT") announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, repres...
by dan_s
Mon Apr 15, 2024 8:38 am
Forum: The View from Houston
Topic: Joe Biden said "Don't", but Iran "Did". Now what?
Replies: 6
Views: 194

Joe Biden said "Don't", but Iran "Did". Now what?

The price of WTI oil is down slightly this morning, to $84.98 at the time of this post. Israel was able to shoot down 99% of the drones and missiles that Iran fired at them on Saturday. If Israel did not have the best missile defense system on Earth, Saturday's attack could have killed thousands and...
by dan_s
Mon Apr 15, 2024 8:15 am
Forum: Other topics of interest
Topic: How our progressive income tax system works
Replies: 0
Views: 44

How our progressive income tax system works

https://biggeekdad.com/2019/02/how-the-tax-system-works/

The highest risk for the government is that "Rich People" can leave the country if their taxes get too high.