Volatility
March 31, 2022 | Daily JAM, DNNGY, EQNR, Jubak Picks, Volatility, VWDRY |
A couple of days doesn’t a trend make, but the trading action in European wind stocks has caught my eye in the last week or so. Yesterday, Wednesday, March 30, wind turbine maker Vestas Wind Systems (VWDRY) gained 5.80%. That took the stock to a gain of 4.60% in the past week. The stock is down 2.26% for 2022 to date as of the March 30 close. Wind developer Orsted (DNNGY) was up 3.27% to bring its gain in the last week to 7.71%. The stock is down 3.88% for 2022 to date. With Europe looking to reduce its reliance on imports of Russian natural gas, increasing the region’s wind power capacity is one solution.
March 28, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Videos, Volatility |
Don’t sell those oil stocks yet! Back at the beginning of the year, I anticipated that coming conflict between Russia and the Ukraine would drive up the price of oil, and the stocks I added to my portfoliohene stocks (COP, EQNR, LNG) have all been up big. But, I don’t think it’s time to sell yet. Why? Summer. Summer is the big driving season in the Northern Hemisphere, and right now (in what’s called the “shoulder season”) reserves of gasoline are supposed to be replenished in anticipation of summer. But that’s not happening due to Russia-Ukraine, and I think with summer we will see prices for oil spike even higher. That’s why I wouldn’t sell these stocks yet. (And that’s despite of the selling today, March 28, on more lockdowns in China)
March 27, 2022 | Daily JAM, Volatility, XLE |
On Friday, the Iranian government said an agreement to revise the nuclear deal with Iran may happen soon. All the stood in way, according to the Iranians was the U.S. decision designate the Islamic Revolutionary Guard Corps as a terrorist organizations. Surely, with Europe teetering on the edge of an energy emergency, the U.A would bite the bullet and agree to change the status of the Islamic Revolutionary Guide. But while Iranians seemed to say “No big deal” a re-rating of the Islamic Revolutionary Guide remained a deal breaker for the United States.
March 25, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Morning Briefing, Volatility |
The United States and Europe have reached an agreement to expand U.S. supplies of natural gas to Europe in an effort to reduce Europe’s dependence on Russian natural gas.
Details are bit vague. And wishful thinking is a big ingredient. The basis problem is that Russia supplies Europe with 150 billion cubic meters of natural gas every year via pipelines. U.S. and other sources can’t match increase production to that level and the infrastructure to get the gas to Europe simply doesn’t exist. Yet the goal has now been put on paper and the agreement promises that Europe will get at least 15 billion cubic meters of additional LNG supplies by the end of the year. Even though it is not clear where the natural gas welcome from or how ti will be delivered.
March 23, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, PXD, Volatility |
Oil rallied again today with U.S. benchmark West Texas Intermediate up 4.79% on the day to $114.79 a barrel and international benchmark Brent up 5.12% to $121.39 a barrel. So, natural, oil and gas equities stocks are up today. And the broader market is down. What else isn’t new?
March 23, 2022 | Daily JAM, DJP, Jubak Picks, Morning Briefing, Volatility |
How does the lyric go (as sung by Albert King)? “If it wasn’t for bad luck, I would have no luck at all.” Maybe that song should be the theme song for the global food market right now. This month China’s agriculture minister Tang Renjian told colleagues at a high-profile government meeting in Beijing this month: “China faces big difficulties in food production because of the unusual floods last autumn. Many faming experts and technicians told us that crop conditions this year could be the worst in history.”
March 18, 2022 | Daily JAM, EQNR, Volatility |
Norwegian oil and natural gas producer Equinor (EQNR) said Wednesday, March 16, that adjusted permits from the Norwegian government will allow higher natural gas production over summer from the North Sea Troll and Oseberg fields as well as the Heidrun fields in the Norwegian Sea. With European countries looking for alternatives to Russian natural gas Equinor can basically sell all the gas it can produce even at higher prices. Natural gas futures closed at $4.81 per million BTUs today in New York. That’s up from $3.80 on January 20. That’s a 26.6% increase. I added Equinor to my Volatility Portfolio back on January 21 as hedge against a Russian invasion of Ukraine and wide-reaching sanctions. That position is up 23.14% as of the close on March 18.
March 13, 2022 | Daily JAM, MGM, Volatility |
The Major League Baseball lockout is over–and the baseball season will start next month roughly on schedule. And the NCAA Basketball Tournament–March Madness–begins next week.
Both pieces of news are GOOD news for sports betting stocks.
March 13, 2022 | Daily JAM, EUM, Short Term, Volatility |
I think the trend has finally turned against emerging market stocks. All it took was the threat of a debt default by Russia. That shift is too late for the Brazil and Mexico Put Options I bought on January 24, which expire on Mach 18. But with a Russian debt default looming I’m replacing those Puts with an ETF that shorts the major emerging markets index.
March 10, 2022 | Daily JAM, Videos, Volatility |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My one-hundredth-and eleventh YouTube video “Russia’s looming default” went up today.
March 9, 2022 | Daily JAM, Millennial, OTLY, Volatility |
Oatly Group (OTLY) shares jumped 8% in premarket trading after the company reported fourth-quarter results before the New York open. And then, in New York trading the stock gave back the gains and was down 1.055 as of 1 p.m. New York time.
March 4, 2022 | Daily JAM, Stock Alerts, Volatility |
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