The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
OPEC Compliance Likely Needed Before New Oil Supply Cuts
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KIM PAGE, Wellington West Capital Markets
(04/27/2009)
OPEC Despite surging oil inventories, OPEC Secretary General Abdalla Salem El-Badri indicated he does not expect OPEC to make further cuts to output when they meet on May 28. Comment – El-Badri believes that compliance with 4.2 mmbopd in OPEC announced output cuts would have to reach 90% from 80% currently before they consider new cuts. U.S. Rig Count Baker Hughes announced that the number of active rigs in the U.S. declined last week by 20 to 955 rigs. Comments – Of the 955 active rigs, 202 and 742 were exploring for oil and gas, respectively, with 11 of the rigs deemed to be miscellaneous. |
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More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
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