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drbubb

Oil, & Energy, and Energy Stocks - weak from Tech

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Oil, & Energy, and Energy Stocks - weak from Technological advances

After MONTHS of weakness in the entire energy complex... it was time for rethinking...

"All-Energy": all-data : fr. 6/2018 / Last: USO: $11.28 +2.9%, (22.2% over LoYr, $9.23) / aver. Off L: +7.7%, Other: +4.1%
U.t: C$4.20 +0.5% (3.99, +5.3%), Ngas: 0.0214 -0.5% (.0205, +4.4%), BTU: $18.13 -2.09% (17.20, +5.4%)
URA: $10.33 -1.15% (10.19, +1.4%) // Oilgas-UK: OILB-NGas : 6mo : 2mo : 10d :

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: fr. 6/2018 / 10d :

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The Five Transitions in Energy Happening Now (w/ Rob West)

Rob West, CEO and founder of Thunder Said Energy, talks about the five major energy transitions occurring simultaneously in 2019. He compares the energy transitions happening now - renewables, shale, electrification, digitalization and environmental - to other energy transitions over the past 200 years. This clip is excerpted from a video published on Real Vision on May 21, 2019 entitled, “The Third Major Energy Transformation.”

 

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7 hours ago, jerpy said:

Keep waiting for the Oil low myself, yo7 would think with all the ratcheting up with Iran it won’t be far away?

Another Look at some Long term charts - seems like another drop of perhaps 1-3% is needed

-- thinking the New Technologies may be driving this drop.

Remember the Rothschild family announce 3-5 years ago they were exiting their Oil Investments

XOM / Exxon Mobile ... all-data : 10yr : 5yr / Last: $69.63 -0.49%, Yield: 5.00%. PER: 16.8 (LoYr: $64.65, 7.7% Off)

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XLE / all-data : 10yr : 5yr / Last: $58.40 -1.18%, Yield: 3.65%. PER: N/A (LoYr: $53.36, 9.4% Off)

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XLE vs. USO : 4yr : fr. 8.12.2015 : / Ratio: $58.40 / $11.36 = 514%

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RATIO :

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==

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Despite 4.5% JUMP,  Oil is is still in a Downtrend

Weekly USO / US Oil (WTI) etf - etc ... update / Last: $11.87 +0.51, +4.49%

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A move above USO-$12.25 (x4.8= WTI $58.80) might be a confirmation that a new uptrend has started

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Oilgas-UK: OILB-NGas : 6mo : 2mo : 10d :

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: 10d : NGas: .246 +1.65%, OILB: 27.27 -2.35%, UK:BP: 499 -1.59% / USO: 11.876 +4.5%, OIH: 11.83 +0.51%

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