NRGO News and Press, Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO From 05/27/20

by Daniel Shvartsman We conclude a set of three video interviews on the energy sector with Daniel Gibbs, better known as Power Hedge on Seeking Alpha. The author of the Marketplace service Energy Profits in Dividends , he shares the concerns of our other panelists about the current oil ...

Crude oil is the energy commodity that powers the world. The price of nearby crude oil rose to its high in 2020 in early January when brief hostilities between the US and Iran broke out in Iraq. The price of nearby NYMEX West Texas Intermediate futures rose to a high of $65.65 per barrel, and ...

In this article, we examine the significant weekly order flow and market structure developments driving WTI's price action. As noted in last week's WTI Weekly , the primary expectation for this week was for price discovery higher, barring failure of 27.79s as support. This expectation playe...

By Ovi While this post updates Non-OPEC production to January 2020, we are now in late May and the direction for future production for the next few years is clear, LOWER than where it was in March 2020. OPEC, in response to the reduced worldwide demand, arranged for a production reduction ...

by Daniel Shvartsman Richard Berger, author of Engineered Income Investing, recently published an article on what every investor should know about the oil sector. It painted a fairly grim picture, and yet he couldn't quite quit the sector, pointing out a couple stocks he likes with specifi...

by Daniel Shvartsman Oil and gas has had an eventful 2020, even by coronavirus market standards. Kirk Spano , author of Margin of Safety Investing has been a notable bear on oil even before this period, so it was no surprise to hear his skepticism in our recent roundtable on the sector...

Looking at the details, the higher WTI pricing becomes evident. US Crude Production has fallen to 11.5mil BBL/Day. Exxon (XOM) restarts refinery - Refinery inputs rise. Gasoline Inv rises a little, but US Crude Inv falls ~5mil BBL. Oil prices are rising sharply with the early...

Welcome to the more data edition of Oil Markets Daily! EIA's latest weekly oil storage report, once again, surprised the consensus estimate of +1 mbbls for crude. With a draw of -3.1 mbbls overall in crude, implied US oil production is below 10 mb/d. Source: EIA, HFI Research In EIA's ...

In response to the dramatic decline in oil demand stemming from the COVID-19 pandemic and the resulting price weakness, global oil supply is expected to fall significantly this month, as OPEC+ cuts took effect May 1. Some producers began implementing production cuts early, and Saudi Arabia has...

Shortly after the price of crude oil crashed into negative territory, I posted an article about where I think the energy sector might go and what the opportunities were. My assessment was that the opportunities would be in natural gas and midstream transportation and storage, and also lower ...