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 >
Oil Prices Halved Over Past Few Months
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Technical Scoop (10/20/2008)
"...oil and gas stocks are trading at P/E levels not seen in years, and as if oil were $20/barrel and not the current $70. Nonetheless oil prices have halved over the past few months because of declining demand, particularly in the US (daily consumption has fallen from almost 21 million barrels to around 19 million). With prices falling, OPEC is considering production cuts and many oil producers are facing a credit crunch and may be forced to curtail production as well. The high-flying Alberta oil patch has been rudely brought back to earth with one of the more devastating collapses in the stock market. In inflation-adjusted terms oil prices have fallen back to levels seen late last year and are now back below the peak levels of 1980. The Oil/XOI ratio has jumped in recent weeks and is either poised to break out through a key level of resistance or will turn back down once again. As we note, oil stocks are like gold stocks, at their lowest and cheapest levels since the 2002 lows." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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 >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >