Dan Steffens – Oil and Natural Gas Update; Price Forecasts, Portfolio Strategies, Hemisphere Energy and Civitas Resources Overviews
Dan Steffens, President of the Energy Prospectus Group joins me to provide his price forecasts for oil and natural gas. After both have fallen significantly over the past 1-2 months we discuss the macro drivers behind these moves. On the oil front we recap recent OPEC policy statements and the growth in US production.
We also drive down into the stocks with Dan sharing how he manages his energy portfolio in times of lower or declining energy prices. It’s all about focusing on high dividends that are sustainable. Two companies Dan highlights as having strong growth pipelines are Hemisphere Energy and Civitas Resources.
Click here to visit the Energy Prospectus Group website to follow along with Dan’s market outlooks.
Always look forward to hearing from Dan Steffens – one of your best guests. Starting to pick up some oversold tax-loss names.
XOP (MS-4) and XLE (MS-5) have bottomed strongly.
PMs may have turned. NatGas tomorrow?
https://tinyurl.com/bddmb9wj
PMs have turned. NatGas too?
Likely.
NG held support today and is daily oversold but I’m not sure it’s close to an important low.
https://stockcharts.com/h-sc/ui?s=%24NATGAS&p=W&yr=7&mn=0&dy=0&id=p61748888878&a=1082379218
Same goes for oil but I do think it should bounce here after 7 (going on 8) weeks lower…
https://stockcharts.com/h-sc/ui?s=%24WTIC&p=W&yr=3&mn=0&dy=0&id=p41663713804&a=1108300349
XOP looks slightly bullish vs gold here but that will change with tomorrow’s close.
https://stockcharts.com/h-sc/ui?s=XOP%3A%24GOLD&p=W&yr=5&mn=0&dy=0&id=p29840111678&a=847499046
Here’s a PSA. If I owned URNM I’d sell 100% of it tomorrow morning.
https://stockcharts.com/h-sc/ui?s=URNM&p=W&yr=2&mn=7&dy=0&id=p59262905344&a=1222077372
that is how i would read that on my charts as well…thanks Matthew….What do you see in your set up regarding /NG Feb. low
note:…HOW do YOU do it wout MO. Bollinger bands?…lol
I think NG/BOIL is going higher from here short term but lower lows seem probable later.
What is MO? Maybe I’m slow… 🙈🤔
https://stockcharts.com/h-sc/ui?s=BOIL&p=130&yr=0&mn=3&dy=18&id=t0546140327c&a=1558174277&r=1702588548074&cmd=print
I’ve not been focused on NG at all lately because of the bull market that’s kicking off in the gold space which I think will be an extremely strong one.
https://stockcharts.com/h-sc/ui?s=%24NATGAS&p=D&yr=1&mn=0&dy=0&id=p40819165041&a=1557925641
28 days below the KAMA and counting…
https://stockcharts.com/h-sc/ui?s=%5ENGF24&p=D&yr=1&mn=1&dy=0&id=p34800956333&a=1558180579
some how the guy pulls trade decisions off the MO…monthly B.B….glta
Thanks Larry! Yup, I’m slow!
weekly /NG…Gird up…the promising price point is near the swing of 1.44 low june 2020…RETEST…..February 2024…..Then all hell breaks loose in BOIL land..glta
by and by…the talking heads i follow believe next year is an epic correction year…..will war and rumors of (the blame game) ignite the /NG market….the chart says it is very possible…to me anyways…glta
Now is the time where Santacruz silver will start to get re-rated higher. A lot of investors on this site have been holders of this stock for a long time. I’m sure Cory and Ex have reached out to them many times for an interview, but they have probably been too busy to respond. Maybe it will happen at some point, but I feel confident that Santacruz’s share price will finally get the traction I have been so patiently waiting for. DT