Report Navigation Welcoming Comments 1. Stock Market Overview Market at Tipping Point. 2. Energy Market Update Crude Overpriced. 3. Company Updates Essential Energy Services, and Touchstone Exploration. 4. Company Lists Covered Companies & Valuation Analysis. Company Links. 5. Action Alert Lists Action Alert Performance Reports, & Action Sell Lists. 6. Disclosure List SERSI & Family/Staff […]
Schachter Energy Report: September 21, 2023 Read More »
Previous Index Next Stock Market Overview market at Tipping Point. The major US market averages are at the tipping point from a bull phase to a corrective market decline phase. Overall, we should see (from market top to the bottom liquidation phase) a 20% decline. The more speculative NASDAQ may fall over 25% (Chart #1).
SER: September 21, 2023 – 1. Stock Market Overview Read More »
Previous Index Next Energy Market Update Crude Overpriced. US crude production last week was at 12.9 Mb/d, up 800 Kb/d from the prior year. Putting this in context, production is up from the Covid period of 9.7 Mb/d and the peak in early 2020 of 13.2 Mb/d (Chart #7). The shale revolution is the key
SER: September 21, 2023 – 2. Energy Market Update Read More »
Previous Index Next Company Updates Key Updates on Two Covered Companies Take Over Essential Energy Services ESN received a takeover offer on Friday September 15th from Element Technical Services, a private US company for $0.40 cash per share. This values Essential at an enterprise value of $78M.Our view:The stock traded on September 21st at $0.395
SER: September 21, 2023 – 3. Company Updates Read More »
Previous Index Next Coverage list Energy & Energy service companies • price as of September 21, 2023 *Disclosure: Ownership by JIS or immediate family memberNo new positions either Buy or Sell can be undertaken by anyone at SER until 5 days after an Action Alert has been sent out Valuation List Energy & Energy service
SER: September 21, 2023 – 4. Coverage & Valuation Lists Read More »
Previous Index Next Performance Review You can always find the most recent Action BUY List under Reports. Reminder We are long-term value investors, and our intent is on helping individual investors create the best possible energy portfolios now while conditions are volatile. We recommend taking advantage of stocks when they are at low-risk entry points
SER: September 21, 2023 – 5. Action Alert Lists Read More »
Previous Index Next Josef’s Notes Recent action or company discussion We now hold seven positions as we harvested two of our holdings that are being taken over. We sold out fully our positions in CWC Energy Services and that of Pipestone Energy. We also took some profits in Trican earlier this month after its very
SER: September 21, 2023 – 6. Ownership Disclosure List Read More »
US, China And Germany Seeing Lower Crude Consumption. WTI Prices Face Near Term Downside. Global Economic, Political & Military Update Some of the positive and negative issues facing the US and other major economies are: For the US: The US FOMC today decided to leave its Fed Funds rate unchanged, despite rising food and energy
Eye on Energy: September 20 Read More »
Report Navigation Welcoming Comments 1. Stock Market Overview Significant Downside Risk. 2. Energy Market Update Crude Currently Overpriced. 3. Company Updates CWC Energy Services , Strathcona Resources, and Touchstone Exploration. 4. Insider Trading September 7, 2023. 5. Company Lists Covered Companies & Valuation Analysis. Company Links. 6. Action Alert Lists Action Alert Performance Reports, &
Schachter Energy Report: September 14, 2023 Read More »
Previous Index Next Stock Market Overview Narrow Market Rise Should End Soon. The leading US Stock Indices peaked in late July to early August. The Dow peaked at 35,700 and closed last Thursday at 34,501. We are watching the following support levels for the market decline to get more painful (33,600 and then 32,600). We
SER: September 14, 2023 – 1. Stock Market Overview Read More »
