02
Dec

Wrap – Week Ended 11/30/12

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Pretty ho hum week as shown below. We did get an expected build in the weekly storage number that helped to accelerate profit taking due to milder weather but there is no change to our thinking on the directionality of storage at this time. At the end of the week we got new supply and demand data and we'll have the slide shows in tomorrow's post. 

10 Responses to “Wrap – Week Ended 11/30/12”

  1. 1
    zman Says:

    Slide shows tomorrow:

     

    • Demand Watch:  September demand was up 5.0 Bcfgpd YoY, on the back of higher gas fired electrical and industrial demand. 
    • Supply Watch:  Supply was up 0.4 Bcfgpd sequentially in September but the rate of growth on a YoY basis continues to slow and especially to that of demand as September supply was 2.7 Bcfgpd above year ago levels. See more details in the slide shows below.  
  2. 2
    john11 Says:

    Interesting article re a $50 WTI forecast from BankAmerica/Merrill Lynch analyst Sabine Schels;
    http://www.businessinsider.com/how-surging-shale-production-could-bring-oil-prices-down-to-50-per-barrel-2012-12

  3. 3
    DaveH Says:

    OT: STSI – I receive a periodic e-mail about new things that might prevent cancer or treat it.   I received one today that started out "new anti-inflammatory could be a treatment for cancer."   I read further and found they were talking about Anatabloc.  They quoted GNC as saying it was their most successful new product this year.  The article the e-mail was quoting was about research at Ohio State University's Medical Center.  The summary is here:
     
    http://www.sciencedaily.com/releases/2011/04/110419091159.htm?trk_msg=2RGIHLC94NMKR6A6QHHRNIJCKS&trk_contact=2I0MGE0EG0FD8UD8CN9DM7AD0K

  4. 4
    DaveH Says:

    OT: STSI  Another interesting point on STSI.   About the time it fell to a new low a couple of weeks ago the shares that I had loaned out to a short seller were returned to my account as the short had been covered.   But they only remained unloaned for a few days and then they were loaned out again.   So apparently it did not take much rise in the price before the shorts got hungry again.   I am collecting 13.25%/year currently for loaning out the shares.  Nice deal IMO.

  5. 5
    zman Says:

    re 2 – thanks, sounds like he just wants to be lower than Raymond James.  Same thoughts from me regarding $65 not happening applies to his target. I see nothing new there. Would argue current price has already led to shift in location of rigs and in the count (lower, its not all efficiencies).  Exports are happening … in the form of products. The larger the delta to Brent, the greater the utilization in the US and there is still room to add over recent years as we have been running under 90% so I don't really get the tightness argument.  And then I go back to my comments re December 2008 and OPEC not forgetting their mistake last time. 

  6. 6
    nrgyman Says:

    MMR:  Good color article from Joan Lappin, for those who missed it.  Still waiting on results.
     
    http://www.forbes.com/sites/joanlappin/2012/11/30/shortsellers-party-hearty-after-their-cheerleader-says-mcmoran-is-worth-zero/?partner=yahootix

  7. 7
    RB Says:

    re: # 6…thx I hadn't seen that. 

  8. 8
    BirdsofpreyRcool Says:

    Dave — OT:  hang in there.  Expecting a JohnsHopkins initial study release in mid-ish December.  It may be the study that elevates the recognition by the Public At Large (keep in mind that as a "nutraceutical," Star can not make disease-specific statements themselves… but third parties can… and third parties with great reputations could be the kick that sends the snowball down the hill).  You saw my comment about Tradewinds, correct?  As of Jan 1st, the only stock they will hold is STSI.
     
    (And Fido is paying me 17% to lend my shares, fwiw.)

  9. 9
    Zorgnak Says:

    S&P Futures trading up in overnight session (1417) with Euro(1.304) and Crude(89.11) higher as well. 
    http://www.charthub.com/images/2012/12/02/Es_Composite_2.png

  10. 10
    DaveH Says:

    RE: 8.   I am with you on STSI.   In fact I bought more at $1.89 during the recent dip. 🙂

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