Waves in the oil markets ahead of the Nov 30th meeting
Chris Temple kicks us off today with his comments on the oil market focusing on the Saudis not taking part in a meeting ahead of the full OPEC meeting on Wednesday. Oil is down over $1 but still remains in the meddle of its range.
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Oil prices edge higher despite doubts on OPEC-led cuts
REUTERS | Published — Thursday 24 November 2016
Aramco projects to help Saudi Arabia retain its primacy in oil sector
MOHAMMED AL-SULAMI | Published — Friday 25 November 2016
Sweden Just Took Another Step to Being All-Clean Energy by 2040
Nathaniel MottClean Energy – November 21, 2016
“It can be hard to imagine a future in which an entire country uses solar, wind, and nuclear power for all of its energy needs. Industries were built on burning coal, natural gas, and other non-renewable fuels to generate electricity. Sweden’s plan to change that on Monday took another step forward when its finance ministry announced plans to only use clean energy by 2040.”
“Sweden is already said to get 86 percent of its energy from hydro-power and nuclear power. Yet the country has been slow to adopt solar energy, which makes up less than 0.1 percent of its energy production, even as it tries to shift towards renewable energy sources. That might be because some parts of Sweden only get three hours of sunlight a day…”
https://www.inverse.com/article/24144-sweden-only-clean-energy-2040
(AAL) (AVLIF) Advantage Lithium to acquire up to 75% of (ORL( (OROCF) Orocobre’s Cauchari project #Lithium
Trish Saywell – NOVEMBER 24, 2016
“One of the reasons we chose to approach Orocobre is their community relations with locals and the ones they have built up over the last decade with government have been really positive. They have no permitting issues, they have been very judicious with their environmental impact studies, and are well respected, so that’s been a plus for us to dovetail in their decade-long relationship building.”
Sidoo also noted that the government “is very open to opening up this industry to development and they want joint-ventures rather than a lot of small companies running around the countryside.”
For investors following the companies that have made it to production in the Lithium space…. here is the (GALXF) (GXY.AX) Galaxy Resources Corporate Slideshow from the Swiss Mining Institute Conference in Nov 2016.
http://www.asx.com.au/asxpdf/20161123/pdf/43d3nqm3nkrf24.pdf
Maybe because there are more deaths per unit of energy produced with solar than any other large-scale energy generation method.
Wayne – I am curious what you mean about the “more deaths per unit of energy produced. ”
Do you mean the disruption of the solar panels to animals (birds), because I’ve heard that is an issue with the Windmills as well?
Or are you referring to during the manufacturing process? I never really considered it could be due to electrical/shock hazards.
Just curious what produces the “more deaths”. Any feedback would be appreciated, as I didn’t quite understand what you meant. Thanks.
Site visit: Alexco hopes Bermingham
will drive Keno Hill revival
MATTHEW KEEVIL – NOVEMBER 24, 2016
“…Alexco’s goal since acquiring the land package in 2006 has been to revive the prolific district, and it hopes that a pair of discoveries will pave the way to sustainable production. The company took a brief run at restarting operations in 2011 when it began pulling ore from the Bellekeno silver mine, but by 2013 it had announced the “interim suspension of operations,” due to rising operating costs and falling silver prices.”
“During a walk through Alexco’s quiet flotation mill, president and CEO Clynton Nauman says that the real upside for Keno Hill has always been exploration, and the company’s geological team has never stopped combing the 230 sq. km district for discoveries.”
“In fact, Alexco nearly built its processing facility on top of its next potential source of mill feed, the Flame & Moth deposit, which the company found while shutting down operations three years ago….”
“…Restarting operations would involve a “multi-mine” plan that would include the Bellekeno, Lucky Queen and Flame & Moth deposits.
Nauman added, however, that Alexco wants to advance Bermingam as “quickly as realistically possible.”
“We’re really in the unique position of hitting production with minimal capital costs, and we have a high-grade resource developing at Bermingham,” Nauman said. “I’d caution it’s still at the discovery stage and there is plenty of work to do, but assuming we continue to see strength in the silver market, we’ll be well-positioned to look closely at redeveloping Keno Hill as we move into the new year. There are also other promising targets in the Bermingham area that offer similar geological potential, and I’d expect looking at those in 2017.”
Alexco Resource Corp.(TSX: AXR)
Clynton Nauman, President & CEO
Precious Metals Summit – Nov. 2, 2016 (VIDEO – Corporate Slide Presentation)
Dolly Varden Drills 19.4 Meters of 485 G/T Silver at Torbrit
Extends High-grade Silver at Ace-Galena
http://www.fscwire.com/newsrelease/dolly-varden-drills-194-meters-485-gt-silver-torbrit
Oil down 4% or about $2 and headed lower to the 42 to 44 area. XOP major breakout should turn into a breakdown. For some reason it did not fall hard today possibly due to low holiday volume.
Oil Erases The Week’s Gains After Reports Monday OPEC/NOPEC Meeting Cancelled
Nov 25, 2016
The market is sensing no production cuts coming other than to levels of just a few weeks ago. They have all been maxing out production so they can do a small cut and be at the same level as before.
A MILLION-BARREL LIFT FOR U.S OIL PRODUCERS IN AN UNEXPECTED SPOT
November 23, 2016 – Pierce Points
http://piercepoints.com/energy-investment-exploration-oil-caltex-exports-shale-eagle-ford/
Waking the Giant: A Look at Cameco in Today’s Uranium Market & Going Forward
by @Leni on November 23, 2016
https://www.ceo.ca/@leni/waking-the-giant-a-look-at-cameco-in-todays-uranium-market-going-forward
Nuclear Build Suffers More Setbacks And Competition From Solar And Wind Expansion
Nov. 26, 2016
Significant delays in nuclear implementation in China, with targets not met.
France has 20 of 58 nuclear reactors out of action.
Vietnam abandons plans to build nuclear reactors with Japan and Russia.
Switzerland can’t give its reactors away, plans referendum on speedy exit from nuclear this weekend.
World Nuclear Association figures continue to paint a misleading picture of the industry.
Interesting, Ex. Does this impact your optimism for the uranium stocks in 2017?
Somewhat. The decision by Vietnam and the Earthquake/Tsunami in Japan did not help the cause. The new Switzerland initiative is also not too positive.
Ex no news on your namesake but good volume(for it) on breakout past old highs
Nice. I hadn’t checked on the Copper miners today as I’ve been tied up with Zinc & Gold discussions, Oil fundamentals, and trading Lithium stocks. There’s just too much going on…… and I’m stuffed full of Thanksgiving food and drinks for the second day in a row.
Cheers!
Art Berman on the Permian:
http://www.artberman.com/permian-giant-oil-field-would-lose-500-billion-at-todays-prices/
Keith Schaefer is more optimistic. But maybe that’s for outstanding individual plays rather than the whole field?
Saudi Arabia Mining Expands as Kingdom Chases Growth Beyond Oil
November 24, 2016 – Wael Mahdi & Simon Dawson
http://www.bloomberg.com/news/articles/2016-11-24/saudi-arabia-mining-expands-as-kingdom-chases-growth-beyond-oil