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Energy & Commodities

Jim Rogers: 2017's Best Investment Opportunities

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Posted by Jim Rogers

on Wednesday, 22 February 2017 12:10

Screen Shot 2017-02-22 at 10.51.43 AMSo where do you see the best opportunities now?

Agriculture has been a disaster for 30 years, but I’m very optimistic about it. There are many ways to invest: You can buy land, agricultural products, seed companies, fertilizer, tractor companies. Farmers are getting older, and in the U.S., more people study public relations than agriculture. Therein lies the opportunity: Either it’s going to get better, or we’re not going to have any food at any price. 
I’m optimistic about Russia. The Kremlin now un- derstands that they have to play by the world’s rules. 
 
I’m also short U.S. junk bonds, because interest rates will be going higher and we’ll have a worse economy. The central banks have tried to print more money, but the market is beginning to reject it, and inflation is coming back. There is going to be a lot more debt issued in the next few years, and more bonds means higher rates. 

....read the entire interview in The Globe and Mail



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Energy & Commodities

Natural Gas Bulls Crushed As Prices Tank

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Posted by OilPrice.com

on Wednesday, 22 February 2017 08:28

a58ee4208e417102a513d4f21e401151Natural gas prices plunged to their lowest level since November on mild weather in the U.S., which has caused storage levels to decline at a much slower pace than expected.

Contracts for March delivery on the Nymex exchange dipped to $2.63 on February 21, down a third since December. The bearish swing has come after successive EIA reports showing a modest drawdown in gas inventory levels.

Natural gas consumption is seasonal, with spikes in demand occurring in winter months. As such, storage levels build up over the course of the year, especially in the milder months of spring and fall. Then, gas is used up in the winter. The winter of 2016 was the warmest on record, leading to a paltry drawdown in inventories. The result was a cratering of natural gasprices last year as inventories swelled following the end of winter.

....read more HERE

Related: Biggest Gasoline Glut In 27 Years Could Crash Oil Markets



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Energy & Commodities

Record High Oil Inventories Crush Hopes For $70 Oil

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Posted by Christopher Johnson

on Friday, 17 February 2017 06:51

10ef99737f71bb9bdbb5055d0d39f027Plus "Oil rises after news OPEC could extend output cuts"

Another week brings yet more signs that the highly-anticipated oil market “balance” will not occur in the immediate future. Heading into 2017, there was a broad consensus that global oil production would fall below demand in the first half of the year, a deficit that would help bring down inventories and lead to relative balance between supply and demand. Mid-2017 seemed to be the timeframe that everyone was looking at for this development to occur.

But there are growing signs that the oil market won’t reach balance by then, and perhaps not this year at all. “We don’t really see a real balancing of the market coming until much much later,” Richard Gorry of JBC Energy Asia told CNBC in an interview. “Right now the oil market is oversupplied by about 500,000 barrels per day in the first quarter. So to see inventories continue to go up is absolutely of no surprise to us.”

...continue reading HERE

...related:

Oil rises after news OPEC could extend output cuts

Oil prices rose on Thursday after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories failed to drop to a targeted level.



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Energy & Commodities

Silver: On The Verge Of A New Bull Market?

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Posted by GoldStockBull

on Thursday, 16 February 2017 12:22

It’s been an exciting start to the year thus far for precious metals investors. Both metals are off to a good start, and the January rallies are very reminiscent of 2016. Despite the 9% rally off the lows for silver, we still have a reading of more than 3 bears for every 1 bull. Bullish sentiment is still in bearish territory on silver, and the metal has been locked in a descending channel for nearly 7 months now. Fortunately for the bulls, the trend in sentiment in data is finally starting to turn the corner, and brighter days may be ahead.

SilverSenti130-1024x475

... for larger charts and more analysis go HERE



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Energy & Commodities

The Blood Bath Continues In The U.S. Major Oil Industry

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Posted by Steve St. Angelo - SRSrocco Report

on Thursday, 09 February 2017 06:11

The carnage continues in the U.S. major oil industry as they sink further and further in the RED.  The top three U.S. oil companies, whose profits were once the envy of the energy sector, are now forced to borrow money to pay dividends or capital expenditures.  The financial situation at ExxonMobil, Chevron and ConocoPhillips has become so dreadful, their total long-term debt surged 25% in just the past year.

Unfortunately, the majority of financial analysts at CNBC, Bloomberg or Fox Business have no clue just how bad the situation will become for the United States as its energy sector continues to disintegrate.  While the Federal Government could step in and bail out BIG OIL with printed money, they cannot print barrels of oil.

Watch closely as the Thermodynamic Oil Collapse will start to pick up speed over the next five years.

According to the most recently released financial reports, the top three U.S. oil companies combined net income was the worst ever.  The results can be seen in the chart below:

Top-Three-US-Oil-Companies-Net-Income

In 2011, ExxonMobil, Chevron and Conocophillips enjoyed a combined $80.4 billion in net income profits.  ExxonMobil recorded the highest net income of the group by posting a $41.1 billion gain, followed by Chevron at $26.9 billion, while ConocoPhillips came in third at $12.4 billion.

However, the rapidly falling oil price, since the latter part of 2014, totally gutted the profits at these top oil producers.  In just five short years, ExxonMobil’s net income declined to $7.8 billion, Chevron reported its first $460 million loss while ConocoPhillips shaved another $3.6 billion off its bottom line in 2016.  Thus, the combined net income of these three oil companies in 2016 totaled $3.7 billion versus $80.4 billion in 2011.

Even though these three oil companies posted a combined net income profit of $3.7 billion last year, their financial situation is much worse when we dig a little deeper.  We must remember, net income does not include capital expenditures (CAPEX) or dividend payouts.  If we look at these oil companies Free Cash Flow, they have been losing money for the past two years:



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