Weekend Show – Market Impacts When Comparing US Economic Data To The Rest Of The World and Oil’s Breakout
Welcome to The KE Report Weekend Show. On this Weekend’s Show we are featuring Jesse Felder and Dan Steffens. We start of with a focus on economic data out of the US compared to other major developed economies and on the back end of the show it’s all about energy and the breakout in oil.
Next week Shad and I will be at the Beaver Creek Conference in meetings pretty much all day everyday so there will be limited postings throughout the week. We will be meeting with a lot of resource companies so if there are any companies you would like us to chat with or any questions for companies you would like us to relay please email us. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
- Segment 1 and 2 – Jesse Fedler, Founder and Editor of the Felder Report kicks off the show by comparing recent US economic data to data out of Europe and China. This leads into what central banks are doing with monetary policy and how it filters through to the markets. A focus is placed on the under performance of real assets to financial assets.
- Segment 3 and 4 – Dan Steffens, President of the Energy Prospectus Group wraps up the Weekend Show by recapping the macro drivers behind the oil price breakout. We also focus on 2 companies that Dan sees great upside in; Baytex Energy and Hemisphere Energy.
Hi Larry. Yeah that’s a good question as to when to start measuring when the 2 year period began. Dan is incredibly sharp, and I believe his basic thesis about impending bust starting with something breaking in the fincial sector and leading to a bust makes sense.
I’m considering the start of the 2 year window more from when the Fed really kicked it the more agressive phase of their rate hiking doing that series of 75 basis point hikes that surprised many market paricipants, and likely the banks with how quickly it happened.
As a result many of the bond assets on the financial institutions balance sheets compared to how they loaned funds got them upside down. We saw the first early warning signs of trouble in the banking sector this last March-May. I believe that was the halftime show, and that the second half of the financial game is going to get ugly.
By next May I expect we’ll see the real poop hit the fan with the banks. Falling and failing commercial real estate will likely be a factor, as will more ill-positioned assets that they eventually need to disclose. This may wake the public from their slumber that everything isn’t going back to normal again.
I think Jessie made some great points about the potential trends in the financial sector his weekend show segments.
Thank you mucho Ex…I will restudy that article w your ideas in mind….Timing is job number 1!…..
The best 50 OTCQX for 2023 based on 2022 total return and average daily volume growth. DT
DT – Thanks for that link. That’s an interesting list of top performing OTCQX companies, and in particular there are a lot of energy companies on there. We’re staying on the cutting edge here on the KER as we had the 3rd place company, Petrus Resources, on the show, as well as the 5th company, InPlay Oil, as well as the 12th company, Hemisphere Energy (also covered by Dan on this weekend’s show).
Hi Ex, I only have one stock on that list, and it is an energy company called Desert Mountain Energy. I recently bought it because it was severely punished for not receiving permits it needed on time in The Holbrook basin in Arizona. Instead, this company moved their operations to a property they recently acquired in New Mexico while they are waiting for permission to begin gas extraction in Arizona. Successful companies don’t wait for opportunities they create them. DT
Agreed, that many successful companies don’t wait and create opportunities.
I’ve been sent info on that Desert Mountain Energy and their gas projects a few times, so will take a closer look at one point.
Hemisphere was trading cad $130 beginning of year, today aprox same price, oil went approx 75 to 88 since beginning of year and hemisphere stock stuck in mud, if there swimming in cash why is stock not going up ????
Yeah, Hemisphere has basically trended sideways most of this year, and in a way, outperformed many peers and even larger more established companies, which pulled back far more since the beginning of the year and only recently started digging their way back out of their lows for the last few months.
Back up the chart and look at how (HME) it has run the last few years though off it’s pandemic crash low of $.07 to the close on Friday of $1.29. That’s over an 18 bagger in 3 years, so most investors that have positioned before then or after then did alright with their investment in Hemisphere.
Hemisphere is cash-flowing well, paid off almost all their debt, is paying a dividend, made an accretive acquisition, and is humming right along. Why it isn’t continuing to blast higher is a bit confusing, but it’s already made a pretty huge run the last few years, and likely needs to make a larger acquisition to attract more market participants with a new development project and growth angle.
Jesse is going to right about the Chinese stocks. Baba probably is done with basing and sitting at ground floor – about to go vertical.
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Nice looking new website BDC. Good luck with it and thanks for sharing the link with the KER crew.
Thank you. Much appreciated!
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That is a great link..saved site…..thanks Lake!
Ditto lake…. it’s a joke on the sheeple….
+1
DXY broke down from a top pattern and gold neutral….I would have to say gold is NOT in play….Otherwise it would be up large…..so, the cycles allow for another trading cycle down…..
FWIW:
I was listening to Andy Maguire over the weekend and I think he said that the US Fed is the only Central Bank in the World short gold. Makes sense if you control all markets
Ditto 😂
and he, Maguire, said USA becomes buyers(covering) at 1980.70 or near……
Commodity Roundup: Focus turns to U.S. inflation print as economic figures dictate precious metal prices
Arundhati Sarkar – Seeking Alpha – Sep. 11, 2023
Cory & I are off to the PM Summit in Beaver Creek this week, so we’ll be involved in tons of back-to-back meetings and not posting many editorials.
Wishing the KER Crew a profitable week in the markets, and a prosperous one in life. Ever Upward!
We will expect a Bar and Restaurant Report also.
Yep a number of meetings, both on and off campus. I’ve got around 45 company meetings through Friday, so I set a pretty grueling schedule and may regret that part of the way into the event.
Sounds like the Rooster getting into the hen house.
If you get a chance to try some local, craft beers, and let us know what you think.
Thar she goes…Had to be patient for this thing to kick in…glta
EX…If you see this request….Question……On 9/7/23 you posted a section from Myrmikan….Its’ headliner said two years till bust….When do you think the starting point of that time line is EX….The past October 2022 market low….The shortest 4 year cycle from low to low in history……Or, From the date he published the article in 8/16/23…….
Thanks in advance…..
GLTA