EnergyNewsDesk

A great segment with our guest DRW. We cover We cover: $XOG and Colorado rules, China new lockdowns and federal drilling action taken by Biden. Follow DRW via hottakeoftheday.substack.com or www.hottakeoftheday.com

Friday trading session ends with a lull as major indices retreat from all time highs. The broad equity benchmark dipped 0.3% to 3,841.47 after closing at a record in the previous session. The Nasdaq rose 0.1% to another record close of 13,543.06, supported by Big Tech. The Dow Jones Industrial Average slid 179.03 points, or 0.6%, to 30,996.98. • S&P 500: -0.3% • Nasdaq: 0.09% • Dow Jones: -0.60% “The political reality of Washington is starting to impact markets, and it’s becoming more unclear when Democrats’ ambitious stimulus goals will become law,” said Tom Essaye, founder of Sevens Report. Crude Oil and Natural Gas News Crude oil prices dip over 2.2% as crude stocks come at a 4.4 mm bbl build, higher than the API reported on Tuesday. That drove crude oil prices to $51.99. Natural as prices stumble again amid smaller than expected stock draw (-187 vs analysts predication of -197 bcf). Natural gas prices currently trading around $2.422 US Energy News • US rigs counts +5 • Crude stocks rise 4.4 mm bbl • NG stocks draw -187 bcf • $SLB earnings International Energy News • Japan calls on oil to fight power crisis • Iraq cuts crude oil supply for India • China imports fudged • Megabattery coming soon

Article Link: https://energynewsbeat.com/2021/01/energy-news-beat-1-27-2021-oil-and-gas-gets-political/ Another choppy day for the markets as stocks finish flat ahead of big corporate earnings. • S&P 500: 0.00% • Nasdaq: 0.20% • Dow Jones: 0.04% General Electric shares jumped 9% on its better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for the year. Johnson & Johnson popped more than 3% after the drugmaker’s earnings topped expectations. Crude Oil and Natural Gas News Crude oil prices are muted as traders await fundamental data to drop this afternoon via API and tomorrow with the EIA report. Currently, crude oil prices are $52.63. Natural gas prices spike after the weather models turn colder for next week, lifting natural gas prices to $2.658 US Energy News • Ring moves headquarters • Blackstone CEO: no more investments in fossil fuels • DAPL loses appeal, shutdown likely • Enerplus buys Bruin EP • US tribes now exempt from drilling ban International Energy News • US to seize Iranian oil • Libya fixes pipelines

Tech stocks again reach all time highs as strong earnings from tech companies this week send markets to the bull side once again. • S&P 500: 0.16% • Nasdaq: 0.66% • Dow Jones: 0.16% “We see the pace of vaccinations as a key driver of equities through 2021, similar to how shifts in mobility and Covid cases drove equities in 2020,” Keith Parker, head of equity strategy at UBS, said in a note. “Removing bottlenecks for administering doses would present an upside case near-term.”

Stocks rise as President Joe Biden sworn in as the 46th President of the US. The Dow Jones Industrial Average rose 240 points. The S&P 500 advanced 1.5% to an intraday all-time high. The tech-heavy Nasdaq Composite jumped 2.1% to a record amid a pop in Netflix shares. • S&P 500: 1.39% • Nasdaq: 2.31% • Dow Jones: 0.85% “I believe we will be able to turn the page,” said Kristina Hooper, Invesco’s chief global market strategist. “I expect markets to continue to move in expectations of a robust recovery later in 2021 when vaccines are broadly distributed.” Crude Oil and Natural Gas News Crude oil prices steady as E&P sectors awaits US earning season. CL prices currently trading at $53.18. Natural gas prices fall amid warmer temperatures. NG prices currently trading around $2.543 US Energy News • Colgate Partners raises $300mm International Energy News • Iran sanctions under Biden? • TC Energy responds to Keystone XL • Chevron subsea pipelines • Equinor divests from Canada • Russian sanctions?

Markets price in larger stimulus amid changing administration and bank earnings coming in higher than expected. The Dow Jones Industrial Average rose 150 points, or 0.5%. The S&P 500 gained 0.7%, led by communication services, while the Nasdaq Composite jumped 1.1% • S&P 500: 0.95% • Nasdaq: 1.45% • Dow Jones: 0.50% While the earnings cycle started out strong, many on Wall Street believe fourth-quarter earnings have been priced in and the market is focused on the 2021 outlook and the ultimate size of fiscal stimulus that would translate into profit growth. “Neither the president-elect, nor I, propose this relief package without an appreciation for the country’s debt burden. But right now, with interest rates at historic lows, the smartest thing we can do is act big,” said Yellen in prepared remarks. “I believe the benefits will far outweigh the costs, especially if we care about helping people who have been struggling for a very long time.” Crude Oil and Natural Gas News Crude oil prices up over 2% as vaccine rollout plays huge part in bull market, driving crude oil prices up to $53.18 for a session high. Natural gas prices are trading sharply lower from Friday’s close suggesting bullish speculators have taken out the forecast for the polar vortex later in the month. Natural gas prices currently trading at $2.593. US Energy News • Biden plans to cancel Keystone XL permits • SpaceX buying offshore rigs • Halliburton kicks off earnings season International Energy News • Volkswagen takes in Tesla • Toyota-back VC targets 10K hydrogen by 2024 • EU carbon market up • French bank to exit fossil fuels

Buy the rumor, sell the news as markets fall flat with Biden proposed $1.9 trillion stimulus. The Dow Jones Industrial Average traded 89 points lower, or 0.3%. The S&P 500 dipped 0.4%, and the Nasdaq Composite slid 0.5%. • S&P 500: -0.40% • Nasdaq: -0.50% • Dow Jones: 0.3% “Plans for future historical stimulus, easy Fed policy and vaccines are now well known, and as such those catalysts simply don’t have the positive influence on stocks that they have over the past few months,” he added. Crude Oil and Natural Gas News Crude oil falls over 2% even amid an increase in rigs as bulls can’t keep control. Currently oil trading at $52.41. Natural gas spikes 2.7% after traders placing bets on a colder back-half of the month. Natural gas prices rise $2.737 US Energy News • ExxonMobil under SEC prob • Rig count +13 International Energy News • Canada oil and gas spending up • Chevron invests in carbon capture company • Total withdraws from API • China 2020 crude imports up • VZ allowing private operators?

Daily Article: https://energynewsbeat.com/2021/01/energy-news-beat-1-11-2021/ Stocks fall to begin the week amid some pullback in valuations (yes I laughed when I wrote this). Tesla shares were off by 5.8%. Bitcoin, which has been a symbol of speculation in the financial markets, was back down to $32,000 on Monday after trading above $40,000 over the weekend. • S&P 500: -0.50% • Nasdaq: -0.93% • Dow Jones: -0.40% “At extraordinarily high valuations is where we are, and its being supported by massive amounts of stimulus,” billionaire investor and DoubleLine Capital founder Jeffrey Gundlach told CNBC’s Scott Wapner on “Halftime Report.” Crude Oil and Natural Gas News Crude oil prices trade flat even after bullish reports from both Goldman Sachs and others that Brent prices could reach $65 by summertime. Crude oil prices currently trading around $52.15. Natural gas rises as weather remains the focus. Natural gas prices currently trading around $2.715 US Energy News • Antero Resources $500 million offering • Goldman sees $65 brent • Morgan Stanley increase $XOM to overweight International Energy News • Iran/South Korea tankers… • Apple/Hyundai EV deal • OPEC+ cheating AGAIN.. • India building gas reserve • TOTAL leading in renewables

Markets shake of what most people thought would be a volatile day, driving major indices to all time highs. The Dow Jones Industrial Average advanced 221 points, or 0.7%. At one point, the Dow was up more than 300 points. The Nasdaq Composite popped 2.3% — breaking above 13,000 for the first time • S&P 500: 1.47% • Nasdaq: 2.34% • Dow Jones: 0.60% Sentiment on Wall Street got a boost after the Institute for Supply Management said its index for nonmanufacturing activity in the U.S. rose to 57.2 in December from 55.9 in November. Economists polled by Dow Jones had forecast a print of 54.5. Crude Oil and Natural Gas News Oil prices traded flat today only up 0.25%, but the key is the stability of the $50 price target. With OPEC set to turn more production online soon, traders might be eyeing a top here soon. Crude oil prices settle at $50.83. Natural gas prices trade flat after an expected -130 bcf draw in NG stocks battles of warmer than expected weather to come in. Natural gas prices currently trading around $2.705 US Energy News • US crude exports fall to China • NG stocks draw -130 bcf • EIA natural gas report HAHAHAHAHAH International Energy News • BP selling stake in North Sea • $120 trillion from Blackrock

Markets split after it appears Democrats will win both Senate seats in GA, moving Dow Jones higher off fresh stimulus hopes while tech stocks loss amid what could be changing regulations for them with a now blue Senate. The small-cap benchmark Russell 2000 jumped 3.7%. Industrial giant Caterpillar surged 5.5%. • S&P 500: 0.65% • Nasdaq: -0.96% • Dow Jones: 1.32% “In the immediate term, markets are pricing in more stimulus. From an equity standpoint, that means tech underperformance and cyclical/value outperformance,” Tom Essaye, founder of Sevens Report, said in a note. “The biggest takeaway from the Democrats win is more power behind the cyclical/value/higher rates trade.” On the data front, private payrolls fell 123,000 in December, marking the first contraction since the early days of the pandemic, according to a report from ADP. Economists surveyed by Dow Jones had been expecting growth of 60,000. Crude Oil and Natural Gas News Crude oil prices stays above $50 about 8 million bbl draw from the EIA shocks the market, bringing oil to $50.94 before settling around $50.31 later in the trading session. Weather driven natural gas markets drives prices slightly higher and an expectation of a draw in tomorrow’s storage report. Natural gas prices currently around $2.718 US Energy News • Latest EIA stock data.. • EQT hedging update International Energy News • EV in Norway going WILD • New Kurdistan oil minister Follow Energy News Beat on YouTube and Twitter

Have you been late to the office?

https://energynewsbeat.com/2021/01/energy-news-beat-1-5-2021-saudi-saves-the-day/ Markets rebound to set the first positive trading day of 2021, with the Dow Jones up over 200 pts as traders weigh COVID-19 and GA Senate election outcomes • S&P 500: 0.93% • Nasdaq: 0.76% • Dow Jones: 0.80% “Today’s Georgia Senate runoff could have substantial implications for the markets if both Democrat candidates win,” wrote Tom Essaye, founder of The Sevens Report. “We don’t view a Democrat Senate as a bearish game changer in the short term because there would still be a lot of positives in this market. But it would be a new and unaccounted for initial head-wind on stocks.” Crude Oil and Natural Gas News HUGE news on OPEC+ front moves oil above $50 (PARTYYYYYYYY) as Saudi increase cuts to allow for other nations to slowly increase there production. Traders rode this bullish news to fresh oil highs. Crude oil prices currently trading $49.97 at 12:30 PM MST. Natural gas prices rise off EIA supply falls. According to data the EIA the average total supply of natural gas fell by 0.1% compared with the previous report week. Dry natural gas production grew by 0.5% compared with last week report. Natural gas pries currently trading at $2.694 AT 12:31 AM MST US Energy News • Range resources offer cash tender • $APA create holding structure International Energy News • OPEC+ update… • EIG sells stake in Gasbol pipeline Follow Energy News Beat on YouTube and Twitter

Daily Article: http://energynewsbeat.com/2021/01/energy-news-beat-1-4-2021/ Stocks drop on the first trading day of 2021 amid concerns about COVID-19 cases and the runoff election in Georgia. The Dow and S&P 500 were on pace for their biggest one-day sell-off since Oct. 28, while the Nasdaq was headed for its worst daily performance since Dec. 9. • S&P 500: -1.86% • Nasdaq: -1.84% • Dow Jones: -1.66%