Eye on Energy

Bidens New Sanctions On Russia Lift Crude Prices >10% In One Week. Expect Reversal Once Trump Takes Office. The quick rise in crude oil prices over the last week after the Biden/Russia black fleet shipping sanctions were announced, lifted crude by 10%. We see this reversing starting next week once Trump is inaugurated with crude […]

US Crude Oil Inventory Build Lowers WTI Price – Correction Underway. The decline in crude oil prices that started today (downside target range of US$66-68/b) should trigger a new long-term buy signal for the sector when those levels are reached. Normally just one of the three signals we watch is sufficient for us to send

Next Decline In Crude Prices Below US$68/b Should Trigger A New Long Term BUY Signal For The Sector. happy new year from the ser team!   The next decline in crude oil prices (downside target range of US$66-68/b) should trigger a new long-term buy signal for the sector. Normally just one of the three signals

Next Decline In Crude Prices Should Trigger A New Long Term BUY Signal For The Sector. The next decline in crude oil prices should trigger a new long-term buy signal. Normally just one of the three signals we watch is sufficient for us to send out BUY recommendations. This is what happened in September (September

The Energy Sector Is Closing In On A Major BUY Signal In The Coming Weeks. More Bargains Are Appearing Daily. Global Economic, Political & Military Update Canada’s political circus and slowing economy has dragged the C$ to below US$0.70 (now US$0.6980). It would not surprise me to see it fall to the low of US$0.68

Crude Oil Retreats US$2/b On Israel/Hezbollah Ceasefire. I will be away over the next two weeks travelling so the next Eye on Energy will come out on December 18th. We are holding our Q4/24 quarterly webinar tomorrow night November 28th at 7PM MT and this will be an important one for attendees. We plan to

Crude Oil War Premium Expands As Ukraine Fires Longer Range US Missiles Into Russia. We are holding our Q4/24 quarterly webinar next Thursday November 28th at 7PM MT and this will be an important one for attendees. We plan to cover the incoming Trump administration and its impact on Canada and focus on how this

US & China Energy Consumption Falls. We See WTI Declining Below US$68/b In The Coming Weeks. An unambiguous result for the US Presidency (winning the electoral college and the vote count) has removed some of the concerns about getting decisions made after inauguration day on January 20th. Incoming President Trump will have support from the

Large US Inventory Build And Weaker Consumption Pull WTI Down Over US$1/b On The Day. Our 2024 ‘Catch The Energy’ conference held at Mount Royal University last Saturday was an overwhelming success and our best yet. We had record individual investor attendance and many of the presenter rooms were at capacity. Thank you to our

WTI Drops US$8/b Over Last Week As Israel Agrees Not To Attack Iran’s Nuclear Or Energy Facilities. Global Economic, Political & Military Update Military tensions are picking up around the world and any miscalculation could expand the war fronts. It is not just the Middle East and Ukraine. China and North Korea are flexing their