April 29, 2022 | Daily JAM, Friday Trick or Trend, JJA, JO, Volatility |
There were very few places to hide in this week’s stock market decline. A number of the old reliable places to hide aren’t providing much protection in the current stock market drop. But I did see two splashes of green today among the sea of red.
April 21, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, Morning Briefing, PXD, TELL, Volatility, XLE |
Today, April 21, reports from a number of different sources are pointing to lower oil production–which will mean higher oil prices. Even from current levels. And oil prices are significantly higher in the past three weeks. At 3:00 p.m. New York time today U.S. benchmark West Texas Intermediate traded at $103.44 a barrel, up 1.61% on the day. On April 11 West Texas Intermediate traded for just $94.29 a barrel.
April 7, 2022 | Daily JAM, Videos |
We’ve had a pretty good dip over the last few days in oil prices. I think that comes from a trading pullback from a quick run-up in prices, as well as optimism that the war in Ukraine will not last as long as people had thought. The oil stocks I added to my portfolios in January have done quite well. In this video, I look at a few of them: ConocoPhillips (COP), Pioneer (PXD), Cheniere (LNG), Equinor (EQNR), and the Energy Sector SPDR (XLE). I think many of these are set to continue rising as we see continued gains in raw material prices; plus, it doesn’t hurt that some pay a healthy dividend as well!
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 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?
February 27, 2022 | COP, Daily JAM, DAL, EQNR, Jubak Picks, LNG, PXD, Volatility |
On Saturday the European Union nations that control SWIFT, the dominant global network connecting banks, announced that they would expel some specific Russian banks from the network. The U.S., Canada, and the United Kingdom agreed with the move. The U.S. and its European allies left open the question of sanctions directly on Russia’s central bank.
The move to deny access to SWIFT means that the named Russian banks, and I’m not naming them because I haven’t been able to find a list, won’t be able to pay other banks or receive funds from other banks. They will not be able to transact business with international banks over the SWIFT network for their client businesses. I’d expect that out of an abundance of understandable caution, many Western banks will refuse to do business with Russian banks at all.
February 7, 2022 | Daily JAM, Morning Briefing |
The Independent Commodity Intelligence Services published its supply/demand outlook for liquified natural gas today, Monday, February 7. The conclusion: Higher supply deficits for 2022 despite the addition of 24 million tons of LNG capacity in 2021. ICIS projects that supplies will increase by just 5.3 million tons in 2022. Demand is forecast to increase by 13.8 million tons.
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.
February 1, 2022 | COP, Daily JAM, EQNR, Jubak Picks, LNG, PXD, Stock Alerts, Volatility |
OPEC+ meets tomorrow and the oil cartel and friends like Russia is expected to approve an increase in production that will reduce last year’s cuts in production. But the odds are that the decision won’t matter.
August 28, 2019 | Daily JAM |
This morning the U.S. Energy Information Administration surprised the markets with the report of a bigger than expected decline in oil stockpiles. Crude inventories fell by 10 million barrels for the week ended August 16. The prior week showed a drawdown of 2.7...
June 13, 2019 | Daily JAM, Morning Briefing, PE |
For the second time in a month two oil tankers came under attack in international waters near the strategic Strait of Hormuz. One ship, a Japanese-owned tanker carrying methanol, was apparently attacked by limpet bombs attached to its hull or by a mine. The second...
April 3, 2019 | Daily JAM, Short Term, You Might Have Missed |
Today, Wednesday April 3, action in the three legs that support stocks near the highs for 2019 pointed toward significant risk for Thursday and Friday. The Standard & Poor's 500 index closed the day up 0.21% at 2873. Leg 1 for the market: The financials, the...