NYSEARCA:NRGD

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$23.76
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At Close: Jun 03, 2026
A Negative Long-Term Stance On The Energy Sector
Retail investors are leading a speculative mania over options, a trend that predates COVID but which is being exacerbated by it.

Weekly Energy Recap: Oil Slides

11:36am, Sunday, 13'th Sep 2020
Crude oil prices slid for a second consecutive week. Brent crude retreated to $39.83 per barrel and dipped below the $40 barrier for the first time since June.
The incumbent is an advocate for US energy independence. The Green New Deal on the other side of the aisle.

WTI Likely To Move And Retest $35

05:33am, Friday, 11'th Sep 2020
It's not the time to buy this dip as we see WTI testing $35. XOP has also broken down from the previous support and likely headed for $41.

Natural Gas And NGLs: A Bright Spot In Energy

08:00am, Wednesday, 09'th Sep 2020
Natural gas prices have increased significantly year-to-date on the back of an improved supply-demand balance, and NGL prices are nearly flat on the year even as oil is still down significantly.

The Daily Dose; Brent Is In Correction Mode

02:15am, Wednesday, 09'th Sep 2020
Brent is officially in correction mode, shedding just over 10% of its value during September. Lackluster demand and ill-timed OPEC liberation leaves the market off balance.
We review EIA's Weekly Petroleum Status Report for the week of August 28, 2020. Crude inventories decreased by 10.6M barrels and petroleum products increased by 1.7M barrels.
Oil prices retreated after last week's rebound, as Brent dropped to $42.66 per barrel and WTI weakened to $39.77 per barrel.
In March and April, the market was up in arms about VLCCs from the Saudis coming to the US Gulf. This move was viewed by many almost as an act of war - financial aggression aimed to take down the stil
Saudis have dropped exports to the US to just ~167k b/d in August. This will push US crude imports from Saudi even lower in the coming weeks.
Consolidation in crude oil continues. The price continues to make marginal new highs.

U.S. June Oil Production Rebounds

04:40am, Wednesday, 02'nd Sep 2020
June's production rebounded from May's low by adding 420 kb/d. May's output was revised up by 15 kb/d from the EIA's July report.
This week's EIA oil storage report will be materially impacted by Hurricane Laura. Platts estimated that ~2.3 mb/d of nameplate refinery capacity was impacted by the storm.

Oil Update - August 2020

02:19am, Monday, 31'st Aug 2020
For those that are brave enough to invest in energy companies, I suggest sticking with strong, well-capitalized companies that can withstand lower prices for longer periods.
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