A Focus On The Energy Sector
With the recent recovery in the oil price Chris Temple and I look at the broad energy sector. We discuss the driving forces behind oil, what’s going on in the natural gas sector, and how international policies and actions play a roll in it all.
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Hi gang for a if you haven’t already listened to a well reasoned position as to why nat-gas and oil will continue to drop for the next decade see Raoul Pal’s Adventures in Finance: 8 – Over the Barrel: A Journey From Boom to Bust episode:
http://adventuresinfinance.realvision.libsynpro.com/website
The dumpster fire, sometimes referred to as the White House, continues to roar: Scaramucci out! http://www.zerohedge.com/news/2017-07-31/trump-removes-scaramucci-white-house-communications-director
Lots of interesting info.
Interesting comment about the price of oil after Labour Day and the connection with the broader markets. Food for thought, as always.
Yes. That was a good one. Thanks guys.
Here’s some unfortunate news for the Nuclear energy sector out today:
U.S. Nuclear Comeback Stalls as Two Reactors Are Abandoned
By BRAD PLUMER – JULY 31, 2017
“In a major blow to the future of nuclear power in the United States, two South Carolina utilities said on Monday that they would abandon two unfinished nuclear reactors in the state, putting an end to a project that was once expected to showcase advanced nuclear technology but has since been plagued by delays and cost overruns.”
“The two reactors, which have cost the utilities roughly $9 billion, remain less than 40 percent built. The cancellation means there are just two new nuclear units being built in the country — both in Georgia — while more than a dozen older nuclear plants are being retired in the face of low natural gas prices.”
Santee Cooper, SCE&G pull plug on roughly $25 billion nuclear plants in South Carolina
By Thad Moore – Jul 31, 2017
Denison Reports New High-Grade Uranium Discovery on the Waterbury Lake Property
(Marketwired – Aug. 1, 2017)
“Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN) is pleased to report a new high-grade uranium intersection in basement rocks from the first hole completed as part of the summer 2017 drilling program at the Waterbury Lake property.”
https://ceo.ca/@marketwired/denison-reports-new-high-grade-uranium-discovery-on
Nemaska Lithium Announces Drill Results from Doris Zone and Infill Drilling
(Marketwired – Aug. 1, 2017)
“Nemaska Lithium Inc. (TSX:NMX)(OTCQX:NMKEF) is pleased to announce diamond drilling results from the 2017 drill program at its 100%-owned Whabouchi lithium mine project. The 4,361-metre drill program combines definition drilling to a depth of 50 metres in the ”Five Year Starter Pit” between sections 200E and 700E as well as expansion drilling in the Doris zone located immediately to the SW of the main Whabouchi deposit….”
https://ceo.ca/@marketwired/nemaska-lithium-announces-drill-results-from-doris
https://youtu.be/Acsieofei9g?t=32
ira’s morning