CrudeStructure

[CrudeStructure @CrudeStructure]

@andrew_leach $BP is now on their 4th CEO since 2020, has abandoned their net zero strategy, and has been an effective destroyer of shareholder value. This is despite having a world class trading platform. Perhaps they wouldn't have made it this far without trading.

[CrudeStructure @CrudeStructure]

@andrew_leach Oil and Gas companies who prioritize net zero instead of profits get slaughtered by investors. Look at the extreme examples of this in corporate strategy of the past several years: $BP vs $CNQ.

[CrudeStructure @CrudeStructure]

@LegacyPathCA What about RESPs ?

[CrudeStructure @CrudeStructure]

@MatchsticksCGY The games are a blast. We love it every time. However, there’s more competition in town for sports: Cavalry, Surge, Wild, Dawgs. The Stamps used to be the main event in the summer.

[CrudeStructure @CrudeStructure]

@andrew_leach @MarkJCarney Harper’s government had multiple pipelines built under their tenure: Keystone, Spearhead, Alberta Clipper, Southern Lights, Cochin, and Flanagan South.

[CrudeStructure @CrudeStructure]

This isn't true. Crude stocks have not been drawing as quick as you show. Energy Aspects is showing builds this quarter. Cushing is still at 29MM. Also, your dotted line to show the projected draw is a ridiculous case for why there is a shortage. The US is still well supplied

[Eric Nuttall @ericnuttall]

Global onshore inventories have been falling by >40MM barrels per week for the past 2 weeks as the in-transit safety buffer has been exhausted. Ignoring 5 "imminent peace deal to open up the Strait" leaks for 19 days, this appears to be the ~ likely path forward. Will it matter?

[CrudeStructure @CrudeStructure]

It's funny how these same companies were drilling like crazy last decade whenever WTI was hedged above $40, but now that it's way higher margins, they are hitting the brakes on growth. Sometimes I feel these executives are effective at destroying shareholder value.

[Giovanni Staunovo🛢 @staunovo]

Frackers Are Finally Ready to Drill. Trump Won’t See a Return of the Go-Go Days.
Shale companies are cautiously dialing up output and hinting at a prolonged period of high oil prices #oott
https://t.co/9NFRcQiok7

[CrudeStructure @CrudeStructure]

The technicals look quite bad for crude all of a sudden.

[*Walter Bloomberg @DeItaone]

SAUDI STATE TV SAYS STRAIT OF HORMUZ SHIPPING BREAKTHROUGH EXPECTED WITHIN HOURS

According to reports, agreements are being discussed to ease the blockade and allow stranded ships to resume transit through the critical oil shipping route.

The strait is vital for Gulf energy exports, including from Saudi Arabia, which was also targeted during the recent Iran conflic

[CrudeStructure @CrudeStructure]

This is an important signal for the next couple weeks. It’s likely that crude traders overreacted to the bullish event and supply/demand balances aren’t as bad as many assumed it would be. Storage draws are not as bad as anticipated (yet). This buys time until we hit tank bottoms

[Javier Blas @JavierBlas]

The physical North Sea oil market has weakened further, with Dated Brent down to $104 (down ~10% in one day). More importantly, physical differentials have narrowed further, with premia at $0-$2 a barrel range, lowest since the early days of the war. The message? Plenty of oil.

[OilPrice.com @OilandEnergy]

SEB: Oil futures markets are too complacent about the impact of the supply shock.

Another eight-plus weeks of further delays in reopening the Strait of Hormuz would push Brent Crude prices to $150-$200 per barrel,

“The market is now living on borrowed time(!),”

[Energy Headline News @OilHeadlineNews]

BP considering shutting down rigs in North Sea after Europe begins process to re-implement windfall tax on oil companies

[CrudeStructure @CrudeStructure]

@Rory_Johnston The EIA is the best data source for energy. Every other country should copy them as much as possible. It would lead to better price discovery and more efficient markets.

[CrudeStructure @CrudeStructure]

@OilHeadlineNews it's quite a tough crude market to trade this year, when insiders are front running headlines that drive $10 flat price moves.

[CrudeStructure @CrudeStructure]

@UnintendedCons5 They are already at max distillate yield, especially when you include Jet.

[Giovanni Staunovo🛢 @staunovo]

US crude inventories fell by 7.537mb last week
(commercial: -2.313mb, SPR: -5.224mb)
EIA #oott

[CrudeStructure @CrudeStructure]

@SimplyGregster @electricfelix How much money could you make if you bought one of these in Canada and drove it across the border to the US to sell right away?

[CrudeStructure @CrudeStructure]

$SU needs to keep proving they can manufacture high value oil in both good times and bad. This again implies the turnaround in performance is the real deal. It's not a knock it out of the park quarter, but it proves consistency. (3/n) #oott #COM

[CrudeStructure @CrudeStructure]

$SU Q1 earnings are a mildly better than what the street was expecting. 875/d prod. vs 868 expected. 1.93 OEPS vs 1.93 exp. 3.39 AFFO vs 3.29 exp. Capex 1.08B vs 1.22B exp. Overall this is decent for a quarter with unplanned prod. outages. (1/n)

[CrudeStructure @CrudeStructure]

the buybacks continue to increase steadily in value 1.5B this quarter, 40M less than prior quarter, and 85M over Q1 25. The dividend yield is 2.5% and buyback yield is 2.9%. These are solid given the incredible run in the share price over the past few months (2/n)

[FinancialJuice @financialjuice]

Iran's Oil Minister Paknezhad: Damaged facilities will be rebuilt in the shortest possible time - IRNA