Menu

Recent Interviews

Jim Payne, CEO, dynaCERT Inc.

Jim Payne
CEO | dynaCERT Inc.
101-501 Alliance Avenue, M6N 2J1 Toronto, Ontario (CAN)

jpayne@dynacert.com

+1 416 766 9691

dynaCERT CEO Jim Payne on attractive hydrogen opportunities


Sebastian-Justus Schmidt, CEO and Founder, Enapter AG

Sebastian-Justus Schmidt
CEO and Founder | Enapter AG
Ziegelhäuser Landstraße 1, 69120 Heidelberg (D)

info@enapterag.de

Enapter AG CEO and founder Sebastian-Justus Schmidt on the future of hydrogen


John Jeffrey, CEO, Saturn Oil & Gas Inc.

John Jeffrey
CEO | Saturn Oil & Gas Inc.
Suite 1000 - 207 9 Ave SW, T2P 1K3 Calgary, AB (CAN)

jjeffrey@saturnoil.com

+1-587-392-7900

Saturn Oil & Gas CEO John Jeffrey on the future of the company and ESG


24. September 2020 | 13:10 CET

BP, Saturn Oil & Gas, Shell: Citigroup and Goldman Sachs see oil price at USD 60

  • Oil
Photo credits: pixabay.com

Oil producers may be facing an exciting turnaround. The experts from Citigroup and Goldman Sachs see the price of oil in 2021 already back at USD 60.00 per barrel or even above. The statements of the analysts are supported by the assumption that the current oversupply will have been reduced by then. The recovery of economies around the globe will bring demand for oil back to pre-corona pandemic levels by the end of 2021.

time to read: 1 minutes by Mario Hose


 

Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author


Normalization is expected

Citigroup's head of commodities research, Ed Morse, was quite optimistic in an interview with Bloomberg. Global demand for oil will reach pre-corona pandemic levels by December 2021. At the beginning of 2020, the price of WTI still stood at over USD 61.00 per barrel. The experts assume that an annual average price of USD 55.00 will be reached.

Vaccine gives the starting signal

Even the experts at Goldman Sachs are more optimistic about the situation on the oil market. They see even more potential for 2022, after USD 60.00 in 2021, and a price level of USD 65.00 is already within the realm of possibility in the third quarter of 2021. Goldman Sachs' analysts have a conclusive explanation for their assessment: "There is a growing likelihood that vaccines will become widely available starting next spring, helping support global growth and oil demand, especially jet."

Store and wait

The current price level of crude oil is used by oil traders for storage in supertankers at sea. As long as the economy is running with the handbrake on, the price of black gold will not rise significantly. However, as soon as a vaccine from a renowned manufacturer is available on the market for a broad mass of people, the demand for goods and transportation will increase and possible catch-up effects will be seen.

Buying instead of making

In addition to the large oil companies such as BP and Shell, this recovery effect will be particularly noticeable for smaller companies such as Saturn Oil & Gas from Canada. The young producer not only attaches great importance to environmental protection and therefore also brought Jim Payne, CEO of the CleanTech company dynaCERT, on board in March 2020, but is also planning an acquisition, as already announced in a news release. An acquisition in this market environment would have advantages over a drilling program of its own, CEO John Jeffrey already announced.

Good Canadian crude oil

Canada has the strictest environmental regulations in the world and protects human rights. For these reasons, the stock is an attractive investment from a moral and return point of view.


Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author



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 long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


Related comments:

29. October 2020 | 13:36 CET | by André Will-Laudien

ENI, Royal Dutch Shell, Saturn Oil & Gas - scandals and crash!

  • Oil

Six months ago, leading oil producers and the G20 energy ministers met to coordinate an emergency package of production cuts. The aim was to at least compensate for the drop in demand caused by the COVID-19 pandemic. At that time, it was impossible to know how significant the damage from the pandemic would be and for how long a real recovery would take. Now the production is somewhat lower, and existing oil stocks are gradually fading, but the uncertain prospects remain, as can be seen from the very low forward prices. In the longer term, producers are currently not very encouraged, as the curve shows that prices are unlikely to reach the USD 50.00 per barrel mark by the end of 2023. Those who want to bring about a shortage in the oil market have a monster task ahead of them, because "there is plenty of oil and a slowing economy".

Read

22. October 2020 | 11:15 CET | by Stefan Feulner

JinkoSolar, Saturn Oil & Gas, Plug Power - Here comes the second chance!

  • Oil

The markets are correcting on a broad front. Hydrogen and fuel cell stocks, which have been booming for months, are taking a breath of fresh air. In a long-term trend, this is good and quite the norm. It is time to take a look at the fundamental aspects once again, in addition to the chart support zones and trend formations. Some companies have managed to position themselves broadly and can continue to grow solidly in the future. Others have only swum with the current and will go down in time. Now it is time to put the pearls into the account.

Read

07. October 2020 | 12:24 CET | by André Will-Laudien

BP, Royal Dutch Shell, Saturn Oil & Gas: The rebound with an announcement!

  • Oil

When someone talks about the largest commodities market in the world, they mean the oil market. Every day, almost 100 million barrels of black gold are produced and delivered worldwide, even though Elon Musk adamantly claims "Oil is out!” - He would be particularly well advised to find out how many oil products are used in a Tesla. More than 300 components are made of oil derivatives. According to British Petroleum, undoubtedly one of the major players in the industry, the global oil demand peaked in 2019. In its annual energy outlook, the energy company predicts a global decline in oil demand but a strong gas demand until 2050. Renewable energies are the fastest-growing energy sources over the next 30 years.

Read