Back from Dallas and back to work on Tuesday - Dec 12

[dan_s]

Susan and I had a nice trip up to Dallas for the 3 year old birthday. We left Sugar Land on Saturday and it was 80 degrees. When the sun went down in Dallas the temperature dipped to 33 degrees and it was windy. Lots of ngas burned in North Texas over the weekend.

I have four profiles sitting here for my review (HMENF, CIVI, KGEI and ROKRF). We will publish them all this week. The MBAs are still working on profiles for BSM, SOI, GRNT and ENB.

I have an interview with a Vancouver station on Wednesday and I will be speaking on a private royalties company's webinar on Thursday.

When the smoke clears, I will be updating all of the Sweet 16 Growth Portfolio forecast models based on my updated oil & gas price deck which I will put in my next Saturday webinar.

Looks like the oil price found support at $70US and the trading range channel is still in place. IMO the geopolitical risk to Middle East oil supplies is being underestimated. We are in a shooting war with Iran's proxies and there will be increasing pressure on Biden to enforce sanctions that reduce Iran's oil exports.

IEA's December "Oil Market Report" should be interesting this week.

[marc.wolin@yahoo.com]

Are oil stocks not going to move until January?

[dan_s]

They are "moving" each day, but to go up investors need to gain more confidence that oil & gas prices will move higher.

The Sky is not falling, this world still runs on oil and it will for many more decades.

[marc.wolin@yahoo.com]

Looks like Silverbow is way down due to stock issue diluting shares please give us an update.

[Fraser921]

Don’t worry, be happy! Sky is not falling , that just your portfolio falling , just a number!

If this is what happens when you have good fundamentals, what happens when the cycle changes?