February 23, 2017, 06:44:14 AM by TradersCom
Views: 504 | Comments: 1

EIA's Weekly Gas Storage Report Report Date: 2/23/17
Release Time: Thursday 23 Feb 2017 - 16:30 GMT 10:30 ET

Same channel, Natural gas continued to sell all week to under 2.55 and March April to -.14 as demand collapsed.   Demand continues to suffer on warmer weather the saving grace is LNG exports hum along with Mexico exports steady.  Last week’s 114-Bcf draw from storage was the smallest draw in February, ever. The surprise again was in the the south-central region. At this pace flows will reverse to injection mode around mid-March, and not April the traditional end-of-season mark.

Market Expectations
Actual - 89 Bcf* Prior -114 Bcf*
Consensus Forecast  -84 Bcf
Cons. Range: -77 to -101 Bcf
EIA swap: -84 to -85 @ CT 15.13
Last Week's Report -87 Bcf #TCNG
February 22, 2017, 01:32:40 PM by TradersCom
Views: 878 | Comments: 4

U.S. Energy Information Administration (EIA) data for the week ended February 17, 2017

DOE Weekly Petroleum Status Report Date: 2/17/17
Release Time: Thursday 23 Feb 2017 - 17:00 GMT 11:00 ET

Market Expectations
Crude +564K vs exp Build+3300k Prior +9527K API   -880k
Cushing vs exp Draw-1943k Prior -702k API -1730k
Gasoline -2628K vs exp Draw -1600k Prior  +2846K API -823k
Distillate -4924K vs exp Draw -1100k Prior-689K API -4230k
Refinery utilization  exp -1.1 exp -0.1
Weekly production +0.3%  to 9,001,000 bpd from 8,977,000
Imports -1390k
Note in bbls *exp = Reuters poll est except Cushing

View Prev Week Report & Analysis.
February 22, 2017, 10:18:55 AM by ThePitBoss
Views: 389 | Comments: 0

First Solar, Inc. (FSLR) stock is down heavily after reporting better than expected results but analysts are concerned with forward risk and past writedowns. FSLR reported a net loss of $719.8MM or $6.92 per share in 4Q16 compared to a net income of $164MM or $1.60 per share in 4Q15, hurt by pretax charges of $729MM primarily related to restructuring actions that were expected.

Credit Suisse's Andrew Hughes and Maheep Mandloi downgraded FSLR to underperform with guidance on project timing risks to the company's 2017 earnings estimates. This could further impair the value of its yieldco 8Point3 Energy Partners (CAFD).

Reaction: First Solar, Inc. (FSLR) NasdaqGS 34.42-2.19 (-5.99%) 10:38AM EST. Market open.
February 21, 2017, 08:22:50 AM by TradersCom
Views: 626 | Comments: 2

Minneapolis Fed president Neel Kashkari at a Q&A event, addressing market and banking risks

- Dodd Frank hasn't solved too big to fail
- If there was another crisis, tax payers would still have to bail out the banks
- Stock market crash wouldn't have the same effect as a housing market crash
- The fed's balance sheet will be reduced in the not too distant future
- Balance sheet will probably stay higher than previously due to nature of economy now


February 19, 2017, 05:19:09 PM by ThePitBoss
Views: 634 | Comments: 3

Continental Resources (CLR) reports Q4 earnings on Wednesday Feb 22, 2017 After Market Close in another busy week for U.S. shale companies with Carrizo Oil and Gas (CRZO) and Parsley Energy (PE) also reporting today. Over the past few weeks we have had fellow shale companies Oasis Petroleum $OAS , Concho Resources (CXO), Diamondback Energy (FANG), Devon Energy (DVN) and Pioneer Natural Resources (PXD) last week.  Expect news bytes on founder and CEO of Continental Resources Harold Hamm and US energy policy with his role as Donald Trump's top presidential campaign energy aide.

Continental Resources Consensus Forecast
Analysts expect a loss to narrow to 11 cents a share from 23 cents a year ago, with revenue seen up 5.4% to $581.1 million.
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What’s ahead this week:
Feb 22   MBA Mortgage Applications Index
Feb 22   Existing Home Sales
Feb 22   FOMC Minutes
Feb 23   Initial Claims
Feb 23   Continuing Claims
Feb 23   FHFA Housing Price Index
Feb 23   Natural Gas Inventories
Feb 23   Crude Inventories
Feb 24   Michigan Sentiment - Final
Feb 24   New Home Sales

Global stocks gained $906bn in mkt cap this week, equals GDP of Indonesia as great rotation into equities continues following strong US data


One of the most important charts of 2016
via @topdowncharts   

Bank of Japan is set to become the biggest buyer of exchange-traded funds in 2016 for the second straight year
via @vexmark   

Is Bitcoin the new safe haven. Digital currency keeps rising while Gold prices keep falling.
via @Schuldensuehner

Japan's central bank has purchased enough stock to completely offset sales by foreigners

via @HayekAndKeynes

US IPO activity has gone into decline