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 7, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Morning Briefing, PXD, Top 50 Stocks |
I suppose there is something else that could add to the supply of bad news today on oil supply, but we’ve already got a full dance card At 2 P.m. in New York U.S. crude benchmark West Texas Intermediate traded up 5.07% to $121.55 a barrel; international benchmark Brent crude was up 6.24% to $125.48 a barrel. Where to start?
March 3, 2022 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My one-hundredth-and eighth YouTube video “You should own more commodities” went up today. We all know that oil and gas prices will rise even more as a result of the invasion and you’ve probably added oil and natural gas stocks to your portfolio. I recommended that you do that back in January. But did you know that aluminum prices will soar too? Same with zinc. And wheat. The list goes on. There are a few individual stocks – like LNG and AA – I recommend to get yourself on top of this situation, but I also recommend looking at commodity ETNs like DJP which include agriculture as well as energy stocks in one basket.
February 26, 2022 | Daily JAM |
I expect extreme volatility in oil prices this week. A Friday deadline looms for an agreement on the Iran nuclear program that would remove U.S. sanctions on Iranian oil. Every rumor of yes a deal, no deal will send oil prices tumbling or soaring. And a Sunday meeting of European foreign ministers on whether or not to shut Russia out of the SWIFT payments system would also likely sink of spike oil prices since this is the since this is the system European countries use to pay for Russian oil and natural gas.
February 3, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, PXD, Volatility, XLE |
U.S. crude benchmark West Texas Intermediate rose above $90 a barrel–it closed at $90.87, up 0.60% for the day, for the first time since 2014. International benchmark Brent crude gained 0.42% to close at $91.53 a barrel. Of course, it took a wild confluence of events to push prices above $90.
January 8, 2022 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My eighty-fifth YouTube video “QuickPicks Conoco Phillips” went up today.
November 1, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My sixty-third YouTube video “Trend of the Week: Timing the Oil Stock Rally” went up today.
August 13, 2021 | Daily JAM |
For the week ended on August 13, U.S. oil and natural gas companies added 9 oil and natural gas drilling rigs to bring the total rig count to 500. That’s up 256 rigs, or 105%, from a record low of 244 in the summer of 2020, according to Baker Hughes.
July 14, 2021 | Daily JAM |
The dispute over oil production quotas between Saudi Arabia and the United Arab Emirates that blew up the OPEC+ meeting two weeks ago looks to be over. Under the compromise, the UAE will see its baseline production level rise to 3.65 million barrels per day when the current pact expires in April 2022, a source told Reuters. The current baseline for the UAE was around 3.17 million barrels per day. In exchange the UAE agreed to a Saudi proposal to extend the April 2022 production agreement until December 2022.
May 26, 2021 | Daily JAM, Mid Term |
Yesterday, May 26, a Dutch court ordered Royal Dutch Shell (RDS) to cut its carbon emissions by 45% by 2030 compared with 2019 levels in a case brought by climate activist groups. The Hague District Court ruled that the Anglo-Dutch energy company has a duty to care about reducing greenhouse gas emissions and that its current reduction plans were not concrete enough. If that language sounds like the court is declaring a company has a fiduciary duty (to future generations? to current populations? to the earth?) to reduce emissions, you’re not mistaken.
May 26, 2021 | Daily JAM |
On Wednesday, May 26, ExxonMobil shareholders voted to install at least two new independent directors to the company’s board. (The contest for another two seats remained, as they say, too close to call.) The results are a resounding defeat for CEO Darren Woods and a strong vote of shareholders’ unhappiness with the way the company had been addressing climate change. And, let’s not forget, the company’s lagging financial performance. ExxonMobil shares have lost roughly $125 billion in market capitalization during CEO’s Woods four-and-a-half years at the helm.
May 25, 2021 | Daily JAM, EQNR, Jubak Picks, Stock Alerts |
Oil prices have bounced back big time and with them the prices on oil stocks. I still think the long-term trend is against oil producers as efforts to combat global warming lead to lower consumption of fossil fuels. And I’d prefer not to own any oil and natural gas shares–even in as “progressive” a company as Equinor. I’m going to take advantage of the rally in oil prices to sell these shares out of my Jubak Picks Portfolio with a small 0.9% gain since I established that position in May 2012.
