Energy Prospectus

During the short trading week that ended April 10 the Sweet 16 gained 4.05%, but it is still down 14.18% YTD.
During the same week the S&P 500 Index lost 1.37% and it is now down 10.18% YTD.

As a group, the Sweet 16 is trading at an 89% discount to my current valuation. They will all be reporting solid Q1 results.

During the week the WTI oil price gained 7.67% to close at $64.68/bbl. Early next week I will adjust the oil & gas prices used in my forecast model, but as of today I feel like the price of oil should continue to drift higher since demand for oil-based fuels always increases in May/June. If Team Trump announces some significant trade deals, it should firm up confidence and commodity prices.

The sky is not falling as the "Panicans" want us to believe.

The front month NYMEX contract for HH natural gas (MAY25) lost 8.77% during the week, but it is up 63.69% YOY. April/May is a low period of demand for natural gas, but summer heat will soon arrive. As I mentioned in last week's podcast, the outlook for U.S. natural gas price is very bullish. The DEC25 contract closed at $4.60, which is now EIA's natural gas price forecast for the year 2026.

I was on vacation last week, so I have a lot on my To Do List.
> This week we have a webinar on Monday, hosted by Rubellite Energy (RBY.TO), a Canadian Junior that looks very promising.
> We still have four profiles that need to be updated: PEY.TO, HME.V, IPO.TO and VNOM. I plan to get them all down by next Friday.
> I will start working on my April newsletter late this week with the goal of publishing it on April 30.

I am getting trounced by the Panicans today. Cash flow per share is not falling as fast as the multiple fraction being applied to it.

The Republicans need to pass the Income Tax package and announce some successful trade deals.

EQT and RRC should be reporting Q1 results tomorrow after the markets close.

Tomorrow I will be updating my forecast models for all of the companies that should be reporting Q1 results in April: EQT, RRC, MTDR, NOG, AR, MGY, OKE, AM.

Q1 results should be very good, but they may not be able to offset the "Gloom and Doom" being spread by the Panicans. This is a crazy time in U.S. history. Just remember that oil and gas demand is not going down and fossil fuels will be ~80% of global energy demand for many more years.