davooo
Posted - 1 day ago
$MCFNF From OilPrice; Oil prices are set to post a gain this week as a combination of inventory declines, a slowdown in U.S. manufacturing, and escalating tensions in the Middle East boost bullish sentiment.
Investor sentiment and behavior, particularly from hedge funds and other money managers, significantly influenced the oil market trends. Over the past week, there was a notable shift in positions, as evidenced by movements in futures and options contracts. Fund managers increased their net long positions in Brent crude, indicating a bullish outlook on potential supply disruptions due to Middle Eastern tensions. However, the sentiment was not uniformly bullish across all petroleum markets. 😈
davooo
Posted - 2 days ago
$MCFNF From OilPrice: Positive notes for the bulls coming from StanChart, as they forecast that global oil demand will pick up strongly in May and June, exceeding 103 mb/d for the first time in May (at 103.15 mb/d), increasing further in June to 103.82 mb/d. The commodity experts have predicted global inventory draws of 1.53 mb/d in May and 1.69 mb/d in June, tightening physical spreads significantly. StanChart also says that OPEC is unlikely to increase output in the near-term thanks to the stall in the oil price rally despite having room for at least 1 mb/d of extra OPEC output in Q3 without increasing inventories. 🚿
Sharrison8901
Posted - 6 days ago
$MCFNF Would really like for them to update the company website.
davooo
Posted - 1 week ago
$MCFNF From OilPrice: “During the quarter, we continued to benefit from our favorable exposure to the international markets, with remarkable year-on-year growth of 29% in the Middle East & Asia, in addition to growth of 18% in Europe & Africa,” Le Peuch added.
Following an “exciting start to the year”, SLB expects growth momentum to continue, the executive noted.
“The oil and gas industry continues to benefit from strong market fundamentals driven by a growing demand outlook. This is resulting in a significant baseload of activity, particularly in the international and offshore markets, closely aligned with the strengths of our business,” Le Peuch said.
🐶
KitchenParty
Posted - 1 week ago
@WhiteMountainYahoo @Hirsch_twits $MCFNF Right now is such a good time to buy but I don't have the allocation atm. I might miss this stop.
davooo
Posted - 1 week ago
$MCFNF The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, for an increase of 2.
The total rig count fell by 2 to 619 this week, compared to 753 rigs this same time last year.
The number of oil rigs rose by 5 this week. Oil rigs now stand at 511--down by 80 compared to this time last year. The number of gas rigs fell by 3 this week to 106, a loss of 53 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 2.
🥑
lardan
Posted - 1 week ago
$MCFNF man . This drop is killing me.
davooo
Posted - 1 week ago
$MCFNF The EIA is the most bullish on long-term oil demand, and has predicted a demand peak will come in 2050 while the OPEC Secretariat sees it coming five years earlier. Meanwhile, Standard Chartered has predicted global oil demand will hit 110.2 mb/d in 2030 and increase further to 113.5 mb/d in 2035. However, the commodity experts have not projected a demand peak beyond the end of their modeling horizon in 2035. According to StanChart, a structural long-term peak is very unlikely within 10 years 😉
lardan
Posted - 1 week ago
$MCFNF dam ! Should have waited a couple more hours before I bought more today. 🙃
davooo
Posted - 1 week ago
$MCFNF From OilPrice: Despite the IEA’s continued efforts to draw attention to the dire state of the energy industry and the need to make an imminent shift away from fossil fuels in favour of green alternatives, governments and private companies have continued to fund oil, gas and coal projects. Some are doing this because they view fossil fuels as necessary for energy security and others are doing it for the high revenues that oil and gas bring to the table. 😋
Sharrison8901
Posted - 1 week ago
$MCFNF https://wcsecure.weblink.com.au/pdf/ADX/02795351.pdf
ADX shareholder presentation. High commercial opportunity at Welchau-1 with more wells possible. Positive results.
davooo
Posted - 1 week ago
$MCFNF Analysts like to stress the fact that high inflation kills oil demand. What they rarely mention these days is that this demand destruction is always limited—because oil is an essential commodity for any relatively industrialized economy on the planet. In other words, the interest rate cut disappointment that drove benchmarks lower earlier this week is not going to hold for very long because oil demand has repeatedly proven more resilient than many have expected—and hoped.
By Irina Slav for Oilprice.comm
👁️
davooo
Posted - 2 weeks ago
$MCFNF From OilPrice: The U.S. expects to hit more record highs The U.S. expects to hit more record highs for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050, which will produce a massive amount of greenhouse gas emissions. This strategy appears to be at odds with Biden’s ambitious climate pledges and could put Paris Agreement targets at risk on a global level. for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050.🐰
davooo
Posted - 2 weeks ago
$MCFNF From OilPrice: "THIS SUCKS"
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 3. U.S. drillers saw a total loss of rigs this year of 5.
The total rig count fell by 3 to 617 this week, compared to 751 rigs this same time last year.
👁️
whatNthetruck
Posted - 2 weeks ago
$MCFNF https://finance.yahoo.com/news/germany-set-permanently-pay-reliance-101957758.html Let's put some holes in the ground and solve the problem.
lardan
Posted - 2 weeks ago
$MCFNF Who sent me the video today of an interview about what's going on with drilling?
lardan
Posted - 2 weeks ago
$MCFNF why is it dropping do much. Are people short selling ?
lardan
Posted - 2 weeks ago
$MCFNF can't get a break here
whatNthetruck
Posted - 2 weeks ago
@MrMonopolyMan took $STOCKTWITS a few months to get $MCFNF added. I imagine they have a lot of adding and subtracting on this platform.
StStephen72
Posted - 2 weeks ago
$MCFNF Today's Turkey award goes to...
davooo
Posted - 2 weeks ago
$MCFNF From OilPrice: Another interesting development: even the bears now recognize the energy sector’s momentum. To wit, Morgan Stanley remains pessimistic about the U.S. stock market overall; however, MS has upgraded energy stocks to overweight from neutral, noting that energy companies have lagged the performance of oil, and the sector remains favorably valued. With a PE ratio of 13.4, the U.S. energy sector is the cheapest of the 11 market sectors.
However, the most important catalyst working in favor of the energy sector is robust market fundamentals. Commodity analysts at Standard Chartered have reported that fundamentals in the oil markets remain strong and can support Brent prices in the $90s. According to StanChart, there’s ample room for OPEC to increase output in Q3 without either causing inventories to rise or prices to weaken.
🐣
Sharrison8901
Posted - 2 weeks ago
$MCFNF definitely looking to add now. I could use another 16k shares
lardan
Posted - 3 weeks ago
$MCFNF I like green.
Now let's get high. .
StStephen72
Posted - 3 weeks ago
$MCFNF Another one based out of Vancouver.
EU went from panic mode gas reserves last summer to fall, mild winter, glut of LNG.
NatGas back down to normal off season prices .
Timing is key. Timber for now.
lardan
Posted - 3 weeks ago
$MCFNF when are they going to start pumping so we can make some money 💰???
Sharrison8901
Posted - 3 weeks ago
$MCFNF I might be able to lower my average cost after all…..😈😈😈😈🤑
lardan
Posted - 3 weeks ago
$MCFNF let's hope something goes right. Because it sure is the prices we need here .
davooo
Posted - 3 weeks ago
$MCFNF Now focus is on the OPEC+ meeting today, where members are expected to stay the course of limited oil production until the end of June, at least. This means persistently tight supply that will likely push prices higher still, especially as neither Ukraine has any intention to stop droning Russian refineries nor Israel has any intention of changing course in what increasingly seems like a war on all anti-Israel groups in the Middle East.
Even so, some analysts still expect lower prices—because of Chinese demand. “Brent oil futures should track closer to $75 to $80 a barrel in coming months given our view that China’s oil demand growth will disappoint,” Commonwealth Bank of Australia analyst Vivek Dhar told Bloomberg earlier today.
This is an interesting expectation given the latest manufacturing figures out of Beijing that showed a pickup in activity—for the first time in six months.
🐣
davooo
Posted - 03/31/24
$MCFNF Upstream Expansion Fuels Optimism in the Oil & Gas Sector
With oil prices steadily rising, upstream operations stand to benefit greatly. Companies in this sector are preparing to capitalize on the current market conditions by increasing investments in exploration and production activities. The projected increase in upstream oil and gas spending in 2024 reflects the growing confidence about the industry's future trajectory. This increased confidence is not purely speculative but instead based on a practical assessment of the world's rising energy demand.😴