Eye on Energy

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

Crude War Premium Shrinks As Investors Focus On Weak China Demand Data. Global Economic, Political & Military Update Turbulent markets in China headline each day the challenges China is having to get its economy back on track for sustainable growth. It needs to write-off debt challenged fixed assets, move from an export economy to a

Iran’s Threat To Use It’s Largest And Most Lethal Ballistic Missiles To Attack Israel Lifted The Crude Oil War Premium by US$5/b. Global Economic, Political & Military Update The first major issue to be concerned about is the Middle East:  Israel’s multi-phased removal of the top military and leadership of the terrorist group Hezbollah has

WTI Crude Down Over US$1/b On Concerns About China Demand. Global Economic, Political & Military Update Weak US and China economic data continue to be the focus of investors. Central Banks in each country have lowered interest rates and in China’s case lowered banks reserve requirements so they can lend more and support companies in

WTI Crude Bottom Is In Place But May Test Those Lows Over The Coming Weeks. BUY Energy Stocks When This Test Occurs. Global Economic, Political & Military Update Fed day and then the Chairman’s press conference saw the announcement of an aggressive 50 BP decline in the Fed Funds rate to a range of 4.75