Recent Interviews

Dirk Graszt, CEO, Clean Logistics SE

Dirk Graszt
CEO | Clean Logistics SE
Trettaustr.32, 21107 Hamburg (DE)


Interview Clean Logistics: Hydrogen challenge to Daimler + Co.

Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".

Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".

17. June 2021 | 12:54 CET

Nel ASA, Plug Power, Deutsche Rohstoff AG: Oil explosion or hydrogen hype?

  • Oil
Photo credits:

Brent prices are going through the roof! The stock markets have to digest their COVID trauma, and China is hoarding oil and other commodities to satisfy the upcoming boom. Many consumers worldwide are waiting for the delivery of their long-ordered products. Problem: Shortages of raw materials and chips are causing massive delivery delays around the globe. Then there were events like the blockade of the Suez Canal or the restrictive stance of OPEC. One would like to keep prices high; at least the Federal Reserve recently sounded the alarm: 5% inflation in a monthly rate! Warning shot or starting trend?

time to read: 4 minutes by André Will-Laudien
ISIN: NO0010081235 , US72919P2020 , DE000A0XYG76

John Jeffrey, CEO, Saturn Oil + Gas Inc.
"[...] The Oxbow Asset now delivers a substantial free cash flow stream to internally fund our impactful drilling and workover programs. [...]" John Jeffrey, CEO, Saturn Oil + Gas Inc.

Full interview



André Will-Laudien

Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.

About the author

Nel ASA - Still not in step

Gradually, a certain uncertainty is spreading in the hydrogen technology company segment. For just as Joe Biden announced his new billion-dollar funding for climate and future technologies, oil shot through the roof and all hydrogen stocks plunged downward in unison. Accompanying the rise in energy prices, of course, was an ongoing shortage and rise in the price of commodities in general.

Nel ASA is a company founded in 1927. It installed its first electrolyzer in a Norsk Hydro factory in Notodden, Norway, in the same year. It was started with the aim of reducing dependence on fossil fuels. The Company has also included Danish hydrogen fueling station manufacturer H2 Logic since 2015 and US electrolysis specialist Proton OnSite since 2017. Together with the companies PowerCell Sweden and Hexagon Composites, Nel founded the joint venture Hyon in September 2017, aiming to establish fuel cell-powered vehicles, particularly in the maritime sector.

Nel's share price was the clear crowd favorite for alternative H2 technology between the summer of 2019 and the beginning of 2021; however, the share price plummeted from EUR 3.4 to EUR 1.6 since February 2021. With a price of EUR 1.75, the share is still not in step. Analytically the valuation is unfortunately still beyond good and bad due to low sales and a factor of over 50. However, this does not have to be a reason to sell in our bubble times.

Plug Power - Many cooperations, little share price success

In the technological application of hydrogen, every apparatus first needs a specific energy input to produce electrolytic hydrogen. This energy is obtained naturally in the latest processes, i.e. without the use of fossil fuels. Plug Power is already well advanced with its technology, some energy aggregates are already finding good application fields, and the cooperations are becoming broader.

At the beginning of 2021, Plug Power already announced significant cooperation with the French car Company, Renault. Now the establishment of the joint venture has become a reality. It is called Hyvia and will be owned equally by Plug Power and Renault. Until now, hydrogen has been seen primarily as a solution for heavy-duty transport, but Renault and Plug Power are now explicitly targeting everyday vehicles with their joint venture. They cite the hydrogen cars' long-range and short refueling time as advantages, as it only takes 5 minutes to refuel for a range of 500km.

Renault is pursuing a two-pronged strategy with electric and hydrogen cars. By 2030, the group aims to capture a 30% market share in Europe for light hydrogen commercial vehicles. In addition to the fuel cells, Plug Power will also ensure the development of hydrogen filling stations and their supply via the joint venture.

The PlugPower share has found it very difficult to regain lost ground since the balance sheet discrepancies and the 75% crash on the chart. Recently, the breakout above USD 35 also failed. Wait and see and set a stop at USD 26.50.

Deutsche Rohstoff AG - Robust oil production and tactical investments

It was a shock in March 2020 when WTI oil price subsequently plummeted to USD 12 per barrel. No one knew at the time how deep the economic hole caused by COVID-19 would actually be. However, Thomas Gutschlag, the CEO of Deutsche Rohstoff AG, showed nerves of steel. He cut production and dramatically reduced exploration costs, thus cushioning the operational super-damage. Even better, he proved to have a good investment hand and took stakes in stumbling competitors, thus achieving a handsome profit in the asset management sector. Well done!

In June, Texas light oil (WTI) climbed back above the USD 70 mark, and all seems well again. Business is now booming again as China and the USA, in particular, are dramatically turning the tide of their economies around. They are doing this with substantial monetary expansions and regional stimulus programs. As a result, this is pushing up inflation and thus commodity prices, especially oil and industrial metals. Coupled with the increased volatility in oil prices, this means DRAG's current Knight and Wyoming assets have significant option value on the timeline.

In the first quarter alone, Deutsche Rohstoff AG produced 37% of its 2021 oil forecast and at a moderate cost. However, the Mannheim-based Company is also active with tungsten and molybdenum in South Korea through its stake in Almonty Industries. The Sandong mine is one of the few tungsten production sites outside of China. Financial closing for the project is expected in June. An offtake agreement with a 15-year price guarantee has also been negotiated.

Deutsche Rohstoff AG will be able to connect additional drilling sites this year and, in all probability, will produce 6,000 barrels of oil equivalent per day, significantly more than last year. Due to the good situation, the DRAG share price is moving steadily and quietly upwards. It fell below the EUR 11 mark in the first quarter, but last week it already went beyond EUR 16. Now a market capitalization of more than EUR 80 million has been reached again; the only one who is sad is the one who had watched below EUR 10 for too long. The zone of EUR 18-20 would be our next target line for the summer.


André Will-Laudien

Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.

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:

25. October 2021 | 12:36 CET | by Armin Schulz

BP, Saturn Oil & Gas, Royal Dutch Shell - Oil stocks take off

  • Oil

Anyone who has to fill up their car at the moment will not be thrilled. Prices at gas stations rose in some cases to over EUR 2. The reason is the further rising oil price. An end to this trend is currently not in sight. Morgan Stanley analyst Martijn Rats raised his forecasts for the first quarter of 2022 to USD 95 and sees the oil price at USD 70 per barrel in the long term. Falling supply due to scaled-back investments is causing prices to rise. Due to climate protection and the targets set, investments in the development of new oil wells have been significantly reduced. In 2014 it was still USD 740 billion; 6 years later, it is only USD 350 billion. Oil producers are currently benefiting the most from this development, so we take a closer look at three companies.


21. October 2021 | 10:11 CET | by Carsten Mainitz

Gazprom, Saturn Oil + Gas, TotalEnergies - Rising prices continue to create a party atmosphere

  • Oil

Europe is currently experiencing an energy crisis. Drivers are noticing it clearly at the gas pumps and users of gas heating systems in their bills. The reasons are manifold: the recovery of the economy after Corona, the curbing of coal-fired power generation for climate protection reasons, the growing hunger for energy of emerging economies and, last but not least, weather effects. In Germany, there is an additional reason: the phase-out of nuclear energy is currently causing a strong expansion of gas-fired power generation to secure the baseload. The beneficiaries of this development are the oil and gas producers - and thus their investors.


06. October 2021 | 12:56 CET | by Stefan Feulner

BYD, Saturn Oil + Gas, Royal Dutch Shell - Explosion on the oil market

  • Oil

The Organization of Petroleum Exporting Countries OPEC and its alliance partners led by Russia (OPEC+) have decided to increase production only gradually, despite tight supply. Demand is recovering strongly as the Delta variant of the coronavirus subsides. The result is skyrocketing oil prices, which are the highest they have been in seven years. In contrast, oil producer shares are still far from their highs.