Josef Schachter - Energy Analyst – Wed 25 Mar, 2020

Oil Commentary – Oil being attacked from both the supply and demand side

Josef Schachter joins me for another look into the depressed oil sector. Being attacked on the supply (from the shutdown in may cites and countries) and demand side (from the Saudi and Russian price war) there are a lot of headwind to hold price down. We discuss possible ranges that oil will trade in and the companies Josef thinks will be the winners when the outlook brightens.

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Comments:
  1. On March 25, 2020 at 10:59 am,
    Bill says:

    Not sure why you even talk…your table pounding buys 3 yrs ago are down 85-95%. Fricken clown. Supose to be in a full blown bull market thanks to India. Lol. Indian is closed for business fool

    • On March 25, 2020 at 11:13 am,
      Paul says:

      Josef, trying to trust in what your views are but was buyer on one of your top picks Vermilion Energy because you said dividend we’re safe and get paid while you wait for oil bull mkt to return, you even said in one of your interviews that you spoke with company and dividend we’re safe.
      Now they cut dividend in half and stock tanks again.
      Please tell me what to do with this stock are they a solid company, will dividend get cut again, I have retirement money invested for dividend and long term growth along with some of your other picks I’m getting trashed.
      Yeah stocks are cheap but can they survive, which ones are solid, give me 3 solid picks and forget the high risk ones, I need help. At least if oil goes down to high teens I might be able to buy and get even in year.
      HELP???

      • On March 25, 2020 at 11:27 am,
        Bill says:

        Many likely wont survive. Some will but we are a few yrs out on a recovery..Joe has no clue. Please dissapear Joe.

  2. On March 25, 2020 at 5:51 pm,
    FIH says:

    Stopped out of Vet @ $25.97. Wonderful Dividends up to then! Bought double what I had well under $3. I think Vet will be one of the survivors! Why don’t you mention their Hedge Book for balance of year. I think cutting back on capex & Dividends will put Vet in the “Cat-Bird seat”. Thank you Joseph! If someone has lost their Retirement funds (I am truly sorry), there is clearly more wrong with the way they invest than what Joseph laid out at one point in time. Please be safe, everyone!

  3. On March 25, 2020 at 6:43 pm,
    Bill says:

    Paul. DO NOT sell Vermillion here. A large bounce will occur at least.
    It can come back maybe 5 yrs…Shack is cluless. He recommened Crew at 2 bucks. Now 20 cents. He has no ability to predict a market.

    • On March 25, 2020 at 8:16 pm,
      Paul says:

      FIH when you follow a person who is well established in the energy sector as a top analysts and make big money on newsletter, is on many investment shows gives you solid top pics to you buy.
      Now some fallen due to oil or gas weakness but he doesn’t say sell he double downs and says dividends are safe and company will be ok. Then oil falls again and top pics cut dividends and are down 80 pct.
      Are you still going to follow this guy again you better get your head examined. His news letter was suppose to guide his subscribers and instead of telling people to sell he tells you to double down and buy more and ride big dividend until oil recovers. Well I don’t know who he said he spoke too and said there company had plenty cash to keep dividend stable. Liar, rat, no credability.

  4. On March 25, 2020 at 8:51 pm,
    FIH says:

    If you call investing without risk parameters then I suggest you need YOUR head examined. At least consider this as free advice!

  5. On March 25, 2020 at 10:06 pm,
    Excelsior says:

    U.S. OIL PRICE COLLAPSE = U.S. ECONOMIC COLLAPSE

    SRSRocco Report – March 20, 2020

    “Today, oil consumption in the United States has already declined significantly due to the lockdown of many cities and areas in the country. However, this is just the first stage of the crisis. My gut tells me that U.S. oil consumption is likely down 25-30% already… maybe more. But, as state and federal governments continue to lockdown additional cities, we may see upwards of 40-50% drop-off in oil consumption. It sounds outlandish, but we have to start considering the facts”

    “Here is the U.S. oil price collapse over the past five weeks:”

    https://srsroccoreport.com/u-s-oil-price-collapse-u-s-economic-collapse/

  6. On March 25, 2020 at 10:09 pm,
    Excelsior says:

    I picked up $DEE Delphi Energy today based on such ridiculous valuations in the #OIL patch because they look prime for #TakeOver now that they’ve done the reverse split and have a much better financial situation than their market cap would indicate.

    A larger producer could easily acquire them as a bolt-on operation.

    __________________________________________________________________

    DELPHI ENERGY CORP. REPORTS 2019 YEAR END RESULTS

    March 11, 2020

    http://www.delphienergy.ca/upload/news_release/285/01/delphi-energy-corp-2019-year-end-press-release.pdf

    • On March 25, 2020 at 10:12 pm,
      Excelsior says:

      it really comes down to what happens in the medium to longer term with Oil prices, but most of the Energy sector in Oil/Gas stocks look quite distressed at present.

      I like companies with a strong enough balance sheet to survive, or with hedged production, or with some strong partner or strategic stakeholder.

      Most oil stocks have been in freefall for the last month, ever since the Saudi-Russia production/price battle, but the reality is $Oil prices are going to be lower for longer with oversupply and demand drying up as the world is on lockdown.

      Having said that, the next few months will be great places to bottom-fish, providing that companies can survive long enough. I’m just starting to survey the carnage for deals.

  7. On March 26, 2020 at 6:09 am,
    bonzo says:

    Surely Suncor will survive…

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