. . Market Sentiment Watch: Election and Covid on market’s mind. Biden pulling ahead in key states. We do not see this a deal killer at all for U.S. upstream. We have been and remain over 60% renewables and we do see a Biden win as largely favorable for the names we own in […]
. . Market Sentiment Watch: In energyland, all eyes on IEA comments which strike a more optimistic if not bullish tone relative to the OPEC MOMR color from yesterday ~ headline is demand exceeded supply in June and that stock draws are expected for the rest of the year despite a lower global demand forecast […]
. . Market Sentiment Watch: U.S. / China relations in focus (aside from NFP today), Covid-19 – Early school re-opening stories do not paint a good picture of the fall. On the oil segment, I woke up with these words in my head: Distillate Stocks are the Sword of Damocles. The U.S. is very over-stored […]
. . Market Sentiment Watch: News flow starting to gush. In today’s post please find: the oil inventory review, the natural gas preview, comments on the BCEI update, comments on the MR update, comments on the CLB quarter, comments on the PTEN quarter, and some other odds and ends. Ecodata Watch: We get jobless claims at […]
. . Market Sentiment Watch: Market eyes focused more on reopening than on unemployment, protests, Covid-19. Energy eyes focused on OPEC+ Housekeeping Watch: Repeating yesterday’s comments: It’s that doldrums time of year. Even though so far the market has failed to “go way in May” things are generally quiet this time of year in energy […]
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