The hottest Rig Count Substack posts right now

And their main takeaways
Category
Top Finance Topics

Ancova Energy Market Update

Ancova • 98 implied HN points • 11 May 23
💰 Finance Rig Count
  1. Crude oil prices closed lower due to unexpected build in inventories
  2. Rig count increased slightly, with a notable rise in the Haynesville basin
  3. Natural Gas futures remain capped due to high supply levels and mild temperatures

Ancova Energy Market Update

Ancova • 58 implied HN points • 23 Feb 23
💰 Finance Rig Count
  1. Prompt-month WTI crude oil trading at $75.87/bbl, influenced by SPR releases and refinery maintenance.
  2. Chinese firms hiring supertankers to haul US crude back to Asia, benefiting from arbitrage opportunities.
  3. US rig count up by 14, Permian basin leading with 360 active rigs, expected overall rig count growth throughout 2023.

Ancova Energy Market Update

Ancova • 39 implied HN points • 18 May 23
💰 Finance Rig Count
  1. Crude Oil prices are rising despite storage build and caution from investors.
  2. Goldman Sachs predicts crude prices could reach $100/bbl, suggesting investment in energy and mining stocks.
  3. Natural Gas prices are increasing due to Canadian wildfires, power generation needs, and declining rig count.

Ancova Energy Market Update

Ancova • 39 implied HN points • 13 Apr 23
💰 Finance Rig Count
  1. Crude oil prices are rising due to OPEC cuts and Chinese demand
  2. US plans to replenish oil reserves which could impact oil prices
  3. Natural gas prices fluctuate, influenced by weather and European-Russian relations

Ancova Energy Market Update

Ancova • 19 implied HN points • 04 May 23
💰 Finance Rig Count
  1. Crude oil prices have been falling due to various factors like interest rate hikes and negative consumer sentiment.
  2. The U.S. rig count has dropped below 800 for the first time since April 2022, with expectations of activity picking up later in the year.
  3. Natural gas futures are facing pressure from oversupply, subdued demand, and falling prices in the Midcontinent region.
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Ancova Energy Market Update

Ancova • 19 implied HN points • 22 Jun 23
💰 Finance Rig Count
  1. Crude oil prices are fluctuating due to U.S. Fed Chair's statements and various global factors.
  2. U.S. rig count has dropped significantly, particularly in the oil sector.
  3. Natural gas prices have increased due to heat wave and rising demand, with different regional impacts.

Ancova Energy Market Update

Ancova • 19 implied HN points • 13 Jul 23
💰 Finance Rig Count
  1. Crude oil prices are rising due to various positive factors like OPEC cuts and a weaker US Dollar.
  2. IEA has reduced its oil demand growth forecast, but still expects global demand to be at record highs.
  3. Natural gas prices are stable despite increased demand, thanks to record production levels and high storage.