Sunday, September 22, 2019

Clearing Out The In-Box -- Energy Stories From All Over -- September 22, 2019

First things first: Eric Jones becomes the first NASCAR driver disqualified from a Cup race under the new rules. Now we know why he was doing so well this year. Link here

Gasoline price map, link here. One state pretty much stands out.


Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, relationship, or travel plans based on what you read here or think you may have read here.

Oasis. From a SeekingAlpha contributor, September 21, 2019; archived:

  • Oasis is a $1.3 billion market cap company most of whose production (93%) is in the Bakken (North Dakota)
  • in the second quarter, the company produced 84,500 BOE/D, of which a healthy 72.5% was oil
  • with a 50% liability-to-asset ratio and negative cash flow, investors appear to be waiting for better results. However, the company expects to become free cash flow positive in 2019
Investing in publicly traded oil companies. Kiplinger's seven "strong buy" candidates at this link. See disclaimer above. COP, Parsley, Marathon, Diamondback, Pioneer Natural Resources, Hess, EOG.

Pipelines: EPD -- forward growth creates investment opportunity. See disclaimer above. From a SeekingAlpha contributor. Not archived.
Enterprise Products Partners owns one of the largest pipeline and midstream infrastructure networks in the United States. In total, the company has approximately 50,000 miles of pipelines carrying liquids, refined products, and natural gas along with enough storage to handle 260 million barrels of liquids and refined products and 14 billion cubic feet of natural gas.
The company also has numerous supporting facilities including 26 processing plants, 23 fractionators, and 11 condensate distillation facilities. Finally, Enterprise Products Partners is one of the major firms supporting the emergence of the United States as an energy-exporting nation as it owns 18 export docks handling natural gas liquids, crude oil, refined products, and PGP.
Crude oil export terminal: EPD -- will build Gulf of Mexico crude terminal in two years - Reuters. Data points:
  • Sea Port Oil Terminal (SPOT)
  • Port of Houston
  • hope to get final approval, 2Q20
  • long-term agreements signed with CVX to support SPOT
  • will be capable of handling 2-million-bbl supertankers
  • company is building a new Permian crude pipeline; refused to confirm the name of that pipeline will be Midland-to-Echo 3
  • EPD forecasts US crude exports to climb from 3 million bopd today to 8 million bopd in the next few years
  • Permian, August, 2019: projections -- 4.21 million bopd 
Alva J Field wells south of Williston, on the other side of the river:


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