[smile]
Analysis of Oil and Gas Stocks: SPX,NDX,CVE, SU,WTI &CR
@GA907：
1. Diesel cracks are pulling off. Refineries with significantly higher distillate cut should have an outstanding quarter, especially those that are back from Q2 maintenance and are operating close to 100% capacity.$Suncor(SU)$$Cenovus(CVE)$ 2.For the second straight day markets gapped down and continued to sell off without a single meaningful bounce.$S&P 500(.SPX)$ $NASDAQ 100(NDX)$ 3.Crude oil released from SPR was 8.1m bbls for the week ending August 19/22. That's the larest weekly release in HISTORY. 97m bbls done, 83m bbls to go. -YTD release from SPR stands at~140.7m bbls4.Oil just dropped ~$2 in ~10m. Volatility at its best. 5.TD on CR$Crane(CR)$ TP raised from $7.5 to $8 6.WTI futures strip is averaging $86.39 and calendar spread trades at ($6.76). $W&T Offshore(WTI)$ HH NNatty futures strip is averaging $7.45 and calendar spread trades at ($3.89).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet