Oil

[Valuegrowth]

https://www.newshub.co.nz/home/money...r-aa-says.html

Drop in oil prices is a warning sign for other overvalued assets.

[JBmurc]

Of interest, for any Investor in Energy, is the Northern Winter thematic. Obviously a short term consideration. But I've been tracking since November.

Currently Russia / Scandinavia having their coldest in decades.

Germany's Munich record snow.

The temperatures in Oslo way below freezing for next fortnight. Think max of - 12 c.

The USA winter lags Europe.

----
Coal Price beginning to rise .

If Gas turns then Oil will follow.

Uranium continuing to Moonshot...

---

Go those Energy Commodities: after all people need Power, Heating and the Lights to stay on.

And even the Big Boys are beginning to Talk Shop. https://www.democracynow.org/2023/12...putin_at_cop28

Its a pity our Woke Green NZ Government doesn't support the Nuclear thematic...

I agree and have shifted some funds into a couple of undervalued COAL stocks ..if the Northern Winter stays colder for longer

I think O&G could stay low till early-mid next year...but at some point, the lack of investment over the last many years is going hit hard when the economies demands for the liquid energies rise once again ..

[nztx]

Interesting that Woodside & Santos reported in past week to have had discussions on possible merger
& Santos making noises about review & releasing value within it's camp.

[JBmurc]

Interesting that Woodside & Santos reported in past week to have had discussions on possible merger
& Santos making noises about review & releasing value within it's camp.

Yes looking for a trade in STO hoping for a decent move higher on a merger deal price maybe $8-$9 ..STO has had a history of bidders being turned down ..

[Valuegrowth]

I thought natural gas futures will hold around $3/MMBtu. Now it has dropped below $2.60. Lower gas prices are boon for some industries.

NG tumbled by 10%. Will oil follow next?

[Daytr]

Ended up being a pretty good trade to finish the year. Flipped it at $81.40 to short & now out. Might see short covering into the end of year so may re-establish short in Brent.