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Stephan Dorfmeister, Finance Department, Deep Nature Project GmbH

Stephan Dorfmeister
Finance Department | Deep Nature Project GmbH
Untere Hauptstraße 168, 7122 Gols (AT)

office@deep-nature.at

+43 681 10139055

Like Aurora Cannabis and Canopy Growth, Deep Nature Project GmbH focuses on value chain


Alison Coutts, Executive Chairman, Memphasys Ltd.

Alison Coutts
Executive Chairman | Memphasys Ltd.
30 Richmond Road, 2140 Homebush West (AUS)

alison.coutts@memphasys.com

+61 2 8415 7300

Memphasys Executive Chairman Alison Coutts on in vitro fertilisation (IVF)


Thomas Soltau, CEO, wallstreet:online capital AG

Thomas Soltau
CEO | wallstreet:online capital AG
Michaelkirchstraße 17/18, 10179 Berlin (D)

service@smartbroker.de

+49 30 27 57 76 464

Smartbroker - wallstreet:online capital AG CEO Thomas Soltau in an interview on the market launch


21. April 2020 | 08:54 CET

BP, Royal Dutch Shell, Total - which tanker companies are getting booked now?

  • Oil

The contact restrictions around the globe have led to a decrease in the consumption of crude oil. A large part of the crude oil produced worldwide comes from OPEC countries. These countries depend mainly on the sales revenues from the black gold with their national budgets. The largest producing countries currently include the USA, Saudi Arabia and Russia. In the period before the Corona Pandemic, these countries each produced around 10 barrels (159 litres) per day. At a price of USD 65.00 per barrel, this means that the daily sales revenue was around USD 650 million. The price of WTI today costs around USD 21.50 per barrel, which at the same production rate only corresponds to sales of USD 215 million per day - the cuts are significant.

time to read: 1 minutes by Mario Hose


 

Sell or store?

The groups like BP, Royal Dutch Shell and Total all have the same problem, what to do with the oil, if nobody can use it in the usual quantity at the moment? Sell it at a low price or store it for a fee and then offer it on the market later? After all, from the producers' point of view, each barrel can only be sold once.

However, some countries or companies have no choice and have to produce and sell at any price because of their liquidity needs. Oil traders then buy the production and store it if their financial framework allows it.

Secured through the crisis

Then there are companies that have secured their production as a precautionary measure and can watch the current oil price development calmly. The young company Saturn Oil & Gas from Canada recently announced that they have hedged around half of their daily production volume at a price of over 65.00 CAD per barrel until February 2021. The management took the helm at Saturn three years ago and is now building an environmentally friendly oil producer from it.

dynaCERT CEO Jim Payne was recently appointed as a member of Saturn's Board of Directors. This is an interesting step, as dynaCERT has patented a hydrogen technology that can significantly reduce the emission of pollutants in combustion engines.

Portfolio of tanker companies

There are various tanker companies around the world that are profiting from the current oversupply on the oil market. The listed companies include Diana Shipping, Frontline, Nordic American Tankers, Scorpio Tankers, Teekay Tankers and Top Ships. As long as the major oil producers are not able to concertedly adjust their production volume to current global demand, the tanker companies will experience hype.

Who would have thought it is possible that Tankers will become popular in 2020 and that speculators will be able to move the price of oil futures into negative territory on the expiration date?


Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold shares in the aforementioned companies and that there may therefore be a conflict of interest. Further details can be found in our Conflict of Interest & Risk Disclosure.


Related comments:

19. May 2020 | 15:56 CET

BP, Chevron, ENI, Saturn Oil & Gas, Shell, Total - what investors need to know now

  • Oil

About a month ago, market participants around the world learned that the end of a price slide does not have to end at zero on the expiry date of WTI contracts. Anyone who thought that a barrel of American WTI at USD 0.01, which is 159 litres of crude oil, would be a special bargain on the expiration date and took the chance was taught an expensive lesson. The expiration date of 20 April 2020 will go down in history with an initial negative settlement price of USD -37.63. The USA is known to be the land of opportunity and this seems to be another chapter.

Read

11. May 2020 | 08:42 CET

BP, Crescent Point, Saturn Oil & Gas, Shell - the 300% chance of the billionaire?

  • Oil

When renowned financial institutions and billionaires have an opinion, it is often heard in the market, especially when it does not correspond to the current mainstream. The more established the name or the bigger the bank account, the more weight this opinion carries with investors. In recent weeks, the oil price has become a plaything for politicians. The decline in demand for crude oil in connection with the restrictions imposed to contain the spread of the corona pandemic, coupled with inconsistencies within the OPEC+ cartel, have even pushed the futures for WTI oil into negative territory on its expiration date in April. This is an unprecedented situation, which is also a foundation for the creation of new wealth. Billionaire Naguib Sawiris and JP Morgen agree on the price trend and expect high potential.

Read

06. May 2020 | 05:57 CET

BP, Exxon, Shell, Saturn Oil & Gas - Crude oil up to USD 100 in May?

  • Oil

In recent weeks, even experienced investors have learned a lot about the oil market. When the price of WTI slipped into the red in April 2020, this was a first in the history of black gold. On the one hand, the oversupply of producers put pressure on prices, but speculators also caused the distortions. It was a dangerous mixture on the expiry date of the May contracts. In two weeks' time, the June contracts expire and the price development is eagerly awaited, but this time it can also go the other way.

Read