00:05:00 @puckdunk opens a discussion of coal prices and $ARCH, $AMR, and when to apply dry powder. ... I lack self-control and bough CNQ, $SGY, $BTU, $ARCH and $CVE yesterday.
00:15:30 @Tsxman didn't see any block trades yesterday and doesn't see change in spending on oil-field services. Chris thinks that OFS names offer a compelling value right now.
RBC did a series of block buying.
00:23:30 @BJamz2022 notes a lot of tech went up. It felt like a rotation. ... Mark notes that crack spreads dropped.
@HalfbeardCanada noted that Saudi prices went up as oil went down. David bought a smidge of $TVE.
@AssetTraveller Germany has become a net importer with NG pricing so high. The only bullish news for oil was Citi's $65 call at the open.
@Renniestein3 people trimming oil holdings to go back into tech? Exception sees the physical market setting the price, which will be a "black-swan-like" event.
00:36:00 $CNQ and $CVE. Tourist: Nothing really happened, but they plummeted, presenting an opportunity.
@pijoe1212 Discusses Norwegian production, Germany, and UK politics.
00:48:00 Urals crude sold at $40 under WTI is applying downward pressure. Sri Lanka getting crushed. European governments moving right?
What would it take for Keystone XL to be completed?
@JamesHMackay joins and discusses corruption in international contracts.
1:06:30 James says that his trader buddy told him WTI and Brent were getting demolished before market open. Blatant market manipulation.
1:21:00 @AhmedBa44329064 joins. @thebiglong9 (get better soon!) isn't sure the Johnson government is finished. A Russian oil terminal goes offline, taking 950K Kazakh barrels with it?
Despite the bloodbath, @thebiglong9 points to MEG's buybacks kicking in, among other positive notes. $AMR, $SU buying back. James notes the low price of met coal vs. thermal. This should correct relatively soon.
1:34:00 @DerAchsenZeit continues the discussion of Kazakh supply.
1:41:00 @Lava_Flow2 joins to talk murses and PPI, how now is a great entry point for energy stocks, refiners and much more.
1:51:30 @JavierGoya7 has become bullish oil based on yesterday's price action. He thinks gasoline will be going lower. Javier pivots to agriculture. We're going to end up with lower corn yields.
2:00:00 Javier brings up refining capacity -- and how China and India will take over if the U.S. doesn't get it together. A Saudi-backed large refinery project is starting in China. Javier would expect the products to be priced yuan.
James asks about the reasons behind the oil dump yesterday morning. @ManchesterUtd81 has some optimism regarding policy to promote investment in downstream/refining.
2:23:00 90s notes how U.S. refineries aren't tailored to the products the U.S. pulls out of the ground.
What it takes to have a manufacturing base. ...
2:41:00 @RazorOil joins the stage and is wearing red. O'Hare has chosen freedom. @trentkelp joins.
3:03:30 O'Hare thinks set up is good for precious metals. @DannySTrader93 joins.
3:13:00 @whoisJGyyc asks if using a ETF is the best way to wade into precious metals.
3:38:00 @gopijm and @jamesyachyshen join.
gives his thoughts on the day in trading, coal.
4:00:00 @BJamz2022 is kindler and gentler (or not) and asks if the Fed becomes dovish, what happens to oil? @Lava_Flow2 talks about Russia demanding payment in gold.
4:18:30 Alternatives to Russian energy? Vermilion leadership didn't sound confident that Western European nations (Netherlands excluded) wanted to drill on their own lands.
4:45:00 Mark talks about getting people off coal. ... PLEASE DO IT SLOWLY!
Giving energy security to folks in the third world is critical to a long-term strategy of ensuring a clean world. @Albertagarbage: Canadian garbage by birth, American garbage by nature, discusses the right to bear arms and the right to bare all.
High-Energy Tuesday