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China’s Transfer From Coal To Gas Is Well Under Way
On Tuesday, Sinopec, one of China’s top energy companies, received the first LNG cargo at its new import terminal in Beihai. The company is now moving full speed ahead with plans for three more terminals across the country in a major shift from coal to gas.
The LNG will be re-gasified at the new terminal and then supplied to household consumers in the regions of Guangdong and Guangxi, in southern China. The facility has an annual processing capacity of three million tons of LNG. The first cargo, from Australia-Pacific LNG, was 160,000 cubic meters.
Related: $91 Billion In Capex Cuts, A Serious Hangover For Oil
Beihai is the second LNG import terminal of a total of five terminals Sinopec plans to build across the country. The first started operations last year, at the port on Qingdao, and the other three will be built at Tianjin, Jiangsu and Zhejiang.
China is currently in the process of shifting its economic model from a focus on manufacturing and heavy industries to services and local consumption as the drivers of growth. This shift involves a switch from coal, which currently accounts for more than 60 percent of the country’s energy mix, to more environmentally friendly types of fuel, including natural gas as an obvious alternative.
https://finance.yahoo.com/news/china-transfer-gas-coal-well-211731206.html;_ylt=AhlVYfvLxdbTGhr2fLbAkPCHH8V_;_ylu=X3oDMTE0OHZxMnA2BHBvcwM2MQRzZWMDeWZpUHVsc2UEc2xrA2h0dHBmaW5hbmNleQ--
Natural Gas Contracts
Natural Gas June 2016 (NYMEX)
Date Open High Low Last Change Percent
04/22/16 2.198 2.281 2.179 2.267 +0.059 +2.67%
04/21/16 2.186 2.225 2.166 2.208 +0.028 +1.28%
04/20/16 2.195 2.240 2.155 2.180 -0.008 -0.37%
04/19/16 2.028 2.195 2.028 2.188 +0.143 +6.99%
04/18/16 1.980 2.050 1.972 2.045 +0.048 +2.40%
-- Period -- -- High -- -- Low --
5-Day 2.281 on 04/22/16 1.972 on 04/18/16
1-Month 2.281 on 04/22/16 1.948 on 03/28/16
3-Month 2.413 on 01/29/16 1.844 on 03/07/16
6-Month 2.655 on 10/23/15 1.844 on 03/07/16
12-Month 3.197 on 05/19/15 1.844 on 03/07/16
Year to Date 2.593 on 01/11/16 1.844 on 03/07/16
For The Last Made New High Percent From Made New Low Percent From
5-Day 4 time(s) -0.61% 1 time(s) +14.96%
1-Month 8 time(s) -0.61% 3 time(s) +16.38%
3-Month 3 time(s) -6.05% 16 time(s) +22.94%
6-Month 1 time(s) -14.61% 25 time(s) +22.94%
12-Month 13 time(s) -29.09% 41 time(s) +22.94%
Year to Date 5 time(s) -12.57% 18 time(s) +22.94%
Natural Gas Technicals
Natural Gas June 2016 (NYMEX)
Date Open High Low Last Change Percent
04/22/16 2.198 2.281 2.179 2.267s +0.059 +2.67%
Period Moving Average Price Change Percent Change Average Volume
5-Day 2.178 +0.270 +13.52% 113484
20-Day 2.092 +0.278 +13.98% 72095
50-Day 2.040 +0.035 +1.57% 43764
100-Day 2.195 -0.147 -6.09% 27290
200-Day 2.501 -0.763 -25.18% 14533
Year to Date 2.152 -0.201 -8.14% 33173
Period Raw Stochastic Stochastic %K Stochastic %D Average True Range
9-Day 95.47% 87.05% 82.77% 0.087
14-Day 95.47% 87.05% 81.80% 0.085
20-Day 95.80% 88.10% 83.50% 0.083
Period Relative Strength Percent R Historic Volatility MACD Oscillator
9-Day 68.40% 4.53% 45.81% +0.091
14-Day 63.51% 4.53% 49.81% +0.120
20-Day 59.74% 4.20% 44.75% +0.127
50-Day 51.35% 3.20% 37.66% +0.178
100-Day 47.41% 43.52% 35.60% +0.024
You should do very well with your investment.........I believe the price of NG will be on the rise for some time to come with the reduction of U.S. fracking & drill rigs at a historical low of 350 units, coal is being phased out in favor of cleaner burning NG in power plants and ocean freighters to name a couple, YTD oil has gained +21% NG YTD -8.43% in the past 30 days oil has gained +11% and NG + 18.49% NG about to run hard Imo.GLTA
CRUDE OIL PRODUCTION in the United States is finally starting to drop, and that's a good sign for rising oil prices. Output has fallen below nine million barrels per day, which is about 700,000 barrels a day below the peak rate in April 2015, and the decline seems to be accelerating.
The current oil industry downturn, which began in mid-2014, is now well into its second year, so it has taken producers a while to respond to the price collapse. In fact, oil production continued to grow for the better part of a year even as prices plummeted. If producers wanted higher prices, it seems they were hoping someone else would cut back on output.
The petroleum industry is facing some difficult issues, including just how far to cut back on production, how much oil prices will need to rise before we start to reverse those declines, and what impact labor shortages will have on producers as the industry begins to recover.
In his latest "Musing from the Oil Patch," Allen Brooks, managing director at PPHB, reminds us that we still have an estimated two million barrel per day oversupply situation in global oil markets. "While the supply surge has helped create an oil market supply/demand imbalance, the absence of robust demand growth is often overlooked."
In today's world, that means China. Industry forecasters are looking to the world's most populous country to see how long the contraction in China's economy will last. And when it does start to bounce back, how robust will growth be?
Brooks said the availability of cheap capital further contributed to the oil industry collapse. The combination of an oversupply of oil, declining markets, and easily available capital created the "perfect oil market storm," he added.
In its recently released report on "Oil Markets in 2016," Wood Mackenzie compares the current oil price collapse to the downturn in the mid-1980s and says the percentage drop in price in 1986 and 2015 was virtually the same. In both instances, amid growing oil demand, non-OPEC supply growth exceeded the gain in demand. And in yet another similarity, OPEC, largely influenced by Saudi Arabia, changed its behavior to compete for market share.
A comparison of the crude oil price (as an index) in each period shows a similar trajectory for the oil market in the year immediately following the peak price, says Wood Mac. However, there are key differences as well:
Current high level of stocks: In 1987, the year after the collapse, oil prices rose. By contrast, in 2016, the year after the market collapse started, prices are still declining. [NOTE: Prices have risen just a bit since the release of the Wood Mac report.] The present high levels of stocks have resulted in a weaker crude oil outlook than the previous history would suggest.
Responsiveness of US tight oil: Despite the brief recovery in 1987, prices then fell. This time, it should be different because by 2017, the projected decline in non-OPEC supplies will occur more quickly than in the 1980s. This is largely due to the responsiveness of US tight oil, which supports a faster recovery in prices than history suggests.
The Wood Mackenzie report is more optimistic about global demand growth than some other forecasters. Some might call it "bullish." The research firm's outlook for 2016 and 2017 shows demand growth outpacing supply growth, which did not occur in 1987 and 1988, thus prolonging that recession. With the non-OPEC oil sector responding faster due to further deep cuts in upstream investment, Wood Mac says, "This re-adjustment of the fundamentals should result in a stronger price environment."
On the heels of its annual investor conference, Raymond James' latest equity research report says the industry is in a "rough, albeit improving, commodity landscape."
Here are a few of RJ's observations:
Oil prices will bounce further by year-end, and the US rig count will begin to recover.
The consensus among attendees at the investor conference was for WTI to exit 2016 at $40 to $50 per barrel, less optimistic than RJ's forecast for recovery to $65 by year-end (and a 2017 average of $75).
Global inventories will peak by year-end 2016. However, this depends in part of the rise in Middle East supply and Chinese demand. The bulls think cheap fuel will energize the Chinese economy.
Labor constraints will hamper drilling recovery. Energy executives spoke to the difficulty of recruiting people who were laid off and left for other industries.
E&Ps plan to rebuild balance sheets before adding rigs. Although credit constraints are tight, they expect loosening as soon as activity starts to recover.
Finally, there is still bearishness on US natural gas. Close to 80% of respondents forecasted a 2016 average below $2.50/Mcf with the remainder below $2.00. RJ forecasts $2.00 and says there is slim visibility as to when meaningful demand improvement will materialize.
We are seeing glimmers of hope for an industry recovery this year. With luck, the recent uptick in oil prices isn't another false start like the one in the spring of last year. However, most industry executives and capital providers seem to be looking toward a recovery in 2017. There seems to be a broad consensus on that. To hasten a recovery, the US oil and gas industry should continue to strive to reduce both production and storage volumes. Only then can we expect to see any meaningful improvement in market conditions.
http://www.ogfj.com/articles/print/volume-13/issue-4/departments/editor-s-comment/are-we-seeing-the-start-of-a-recovery.html
Good news for natural gas
Since the 1974 Nixon oil embargo restraint lift has opened up a worldwide market for America’s WTI, substantial export quantities already are being shipped in the nascent stages of 2016.
Although Nigeria and Norway also produce relatively small quantities of this “easy-to-refine” light sweet crude oil condensate (as mentioned earlier), these are no match for the unlimited capacity available from the U.S. fracking capability.
But an even bigger surprise awaits America’s huge preponderance of natural gas, most of which had previously been flared off from U.S. oil production due to the lack of transportation to foreign markets, as well as storage capacity and minimal pricing. This now is in the process of dramatic change as the literal destruction of coal usage in utility expansion and as a resource in almost any power usage continues unabated.
As construction of conversion facilities and export port launching bases for liquid natural gas are in various stages of completion, natural gas also is finding major demand emanating from America’s huge chemical industry of which liquid natural gas is a critically important component.
With U.S. natural gas’s inordinately cheap prices and hyper-availability stateside, the giant chemical industry is bringing substantial divisions back to the U.S. due to both cost advantage and ready availability.
Although school still is out regarding the volume and prices that natural gas can look forward to in the months and years ahead, overseas prices, which range from $10 in the United Kingdom, to $12 in Japan and China and Central Europe, compared to $2.00-$2.50 in the states, it’s a sure bet prices, volume and revenue generation are bound to substantially leap forward by the second half of 2016 and the years thereafter.
While the proof of natural gas potential lies in the actual happening, a multitude of positives along with the unusual optimism by expert analysts supports an achievement waiting to happen.
The early question yet to be answered is how quickly these current multitudinous benefits manifest themselves in future months and years to benefit U.S. industry totals and revenues.
http://www.supplyht.com/articles/99369-wti-about-to-surge
Me BAD! EXXI is next to REXX on my streamer.....Sorry
1,243,067 share buy @ 16:00:00
Target $1.75....
I think shorts will start to panic around a $1.21.......
Short Interest (Shares Short)
15,662,500
Short Interest Ratio (Days To Cover)
2.9
Short Percent of Float
33.84 %
Short % Increase / Decrease
-7 %
Short Interest (Shares Short) - Prior
16,919,000
Shares Float
46,290,000
Trading Volume - Today
1,071,441
Trading Volume - Average
5,400,800
Trading Volume - Today vs. Average
19.84%
% Owned by Insiders
19.66%
% Owned by Institutions
Earnings Per Share
-1
PE Ratio
Market Cap.
$ 61,579,091
% From 52-Wk High ($ 5.74)
-80.49%
% From 52-Wk Low ($ 0.49)
128.57%
% From 200-Day MA ($ 1.34)
-16.39%
% From 50-Day MA ($ 1.13)
-0.63%
Sector
Basic Materials
Industry
Oil & Gas Drilling & Exploration
Exchange
NAS
Record Date
2016-AprA
Shorts trying hard to keep this down........
http://shortsqueeze.com/?symbol=rexx&submit=Short+Quote%99
Mass Short Manipulation today! 1 share sold A/H @ 0.98 Lol.
Short Sale Circuit Breaker
Symbol Security Name Market Category Trigger Time
WRES Warren Resources ,Inc. Q 4/18/2016 9:30:00 AM
CLMT Calumet Specialty Products Par Q 4/18/2016 9:30:00 AM
NAII Natural Alternatives Intl Inc Q 4/18/2016 9:30:00 AM
TTHI Transition Therapeutics Inc Q 4/18/2016 9:30:00 AM
LINE Linn Energy LLC Q 4/18/2016 9:30:00 AM
LNCO Linn Co, LLC Q 4/18/2016 9:30:00 AM
FWM Fairway Group Hldgs Cl A Cmn Q 4/18/2016 9:30:00 AM
AREX Approach Resources Inc. Q 4/18/2016 9:30:00 AM
LGCY Legacy Reserves LP Q 4/18/2016 9:30:00 AM
CREG China Recycling Energy Corp R 4/18/2016 9:30:00 AM
BBEP Breitburn Energy Partners LP Q 4/18/2016 9:30:00 AM
GLRI Glori Energy Inc Common Stock R 4/18/2016 9:30:00 AM
REXX Rex Energy Corporation Q 4/18/2016 9:30:00
AM
http://www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker
56,952,196 common shares, $.001 par value, were outstanding on March 11, 2016.
http://www.sec.gov/Archives/edgar/data/1397516/000156459016014863/rexx-10k_20151231.htm
E-trade showing the same........
REXX should fly tomorrow.......
Liquids from the Utica and Marcellus shales are going global.
On March 9, the first tanker departed from Marcus Hook near Philadelphia bound for Norway with 173,000 barrels of ethane, a key feedstock for petrochemical industries. Ethane gets higher prices in Europe and Asia.
The company behind the ethane shipments from Marcus Hook to Norway and Scotland is Swiss-based INEOS, a chemical company.
It has built eight 575-foot-long tankers to transport the ethane. Each shipment can handle up to 175,000 barrels.
Much of the ethane has been delivered by Texas-based Range Resources from its wells in southwest Pennsylvania. Rex Energy, with wells in Ohio and Pennsylvania, just inked a deal to send its liquids to Marcus Hook and overseas.
Austria-based Borealis AG, in cooperation with Utica driller Antero Resources, plans to ship Ohio ethane to Sweden in the future.
Those European plants now rely on dwindling ethane supplies from North Sea drilling.
Liquids like ethane are a little-known part of the Utica Shale boom in eastern Ohio.
In some areas, drilling for natural gas and oil produces ethane, propane, butane, condensate, natural gasoline and other liquids.
They are gases at normal pressure and temperatures but change to liquids under pressure.
Ohio does not keep track of those liquids. All except oil are lumped with natural gas production.
The typical Utica well in liquids-rich areas produces about 6 gallons of liquids for every 1,000 cubic feet of natural gas, and that means Ohio is producing extremely large volumes of liquids, said Andrew Thomas, executive in residence at the Energy Policy Center at the Maxine Goodman Levin College of Urban Affairs at Cleveland State University and an expert on the Utica Shale.
That means Ohio perhaps produced 1.4 billion gallons of liquids in 2014 and 2.8 billion gallons in 2015.
That 2015 total is enough to fill a train of tank cars that would extend more than 1,000 miles from Akron to New Orleans, La.
“Liquids are big,” Thomas said. But ethane is No. 1 with about 60 percent.
Pipelines into markets
Others are also increasingly interested in moving those liquids from the Utica Shale to market.
Marathon Pipe Line LLC is working on a 50-mile pipeline to transport condensates and natural gasoline from Harrison County to Marathon Petroleum’s Canton refinery. It is a $250 million project.
Texas-based Kinder Morgan is developing the $500 million Utopia Pipeline across northern Ohio that will carry liquids to an Ontario chemical plant. Construction is planned in 2017.
There is also a 1,260-mile pipeline that carries ethane from southwest Pennsylvania to Texas. The ATEX Express Pipeline can handle up to 190,000 barrels per day. It began service in early 2014.
Such shipments provide new markets for Utica drillers, but some are worried that increasing ethane shipments out of Ohio could hurt chances to land a $5.7 billion ethane cracker in Belmont County. Other crackers are planned in western Pennsylvania and northern West Virginia.
Cracker plants being built on the Gulf Coast also pose a threat to building similar plants in Ohio, Pennsylvania and West Virginia to turn ethane into ethylene, a key plastic.
Exports will likely result in less ethane for Utica and Marcellus cracker plants, although drillers will likely sell ethane to cracker operators if the plants get built, said Thomas.
Ethan production rising
The U.S. Energy Information Administration says U.S. ethane production will grow from 1.1 million 42-gallon barrels per day in 2015 to 1.4 million barrels per day in 2017.
A recent report in which Thomas was involved shows the Utica and Marcellus shales will likely produce 638,000 barrels of ethane per day by 2020. The Utica would provide about one third of that total, he said.
Supply has outgrown demand and prices have fallen, and many U.S. producers have been forced to leave ethane in natural gas. It boosts the heating power of the gas, but there are limits on how much ethane can be added to pipelines. It may be flared or burned. The oversupply is expected to be reduced in 2016 and 2017, the federal energy agency said.
In the early days of the Utica boom, the liquids provided an added financial incentive. Drillers could make more money by drilling in liquid-rich areas. But that’s changed. The prices paid for commodities have plummeted and drillers must now pay to separate the liquids from natural gas and oil, and that’s an added financial burden.
That’s part of the reason why drillers have moved away from liquid-rich areas into dry gas areas in Ohio’s Belmont and Monroe counties.
Drillers are getting less than 15 cents per gallon for ethane.
The ethane bound for Europe is being transported to Philadelphia via Sunoco Logistics Partners L.P.’s Mariner East 1 Pipeline.
Up to 70,000 barrels of ethane per day cross Pennsylvania in the pipeline, a re-purposed 8-inch-in-diameter pipeline that runs about 300 miles. Its western terminus is in Washington County in southwest Pennsylvania.
The company has plans for a second pipeline, the 350-mile Marine East 2, which would quadruple the volume of liquids moved from Ohio and other states to Marcus Hook for overseas shipment by next year. It would handle propane and butane. The pipeline has been delayed and is encountering strong grass-roots opposition.
The company is investing about $3 billion in its Mariner East pipelines. It also operates the re-purposed Mariner West pipeline that carries 50,000 barrels per day of ethane across Ohio to Michigan and Ontario.
http://www.ohio.com/business/utica/liquid-ethane-from-utica-marcellus-shales-headed-to-europe-via-pipelines-and-ocean-going-tankers-1.676310
Just reloaded 105,000 shares......GLTA
Lot's of "ask slapping" going on here.........Lol
I agree!! just added another 100k @ .0275
85,000 shares....... on bid for 15k more.
also In @ .87 & .88
The Study has been successfully completed and the results presented to Sysmex which is now clarifying the plan for the next phase of development. There can be no assurance that Sysmex will enter into additional agreements to jointly develop with us the Products or that such a manufacturing/license agreement will ever be consummated or that the Products will ever be commercially sold by Sysmex.
http://ih.advfn.com/p.php?pid=nmona&article=70935107
It looks as though the market wasn't impressed with today's PR Lol. I cant blame them as patents don't generate income,but see it as a step in the right direction......a lot of shares purchased at .05 & under the past two weeks will have to be burned through I'm happy with the shares recently purchased
I would expect .08 to .010 to be a base support again until we receive something substantial from the company.......then its off to the races.
Not me,Ive added over the past two weeks.......still a great buy at the current level Imo.
That investment in BIAD should do well for you
Some good background information on sysmex's partnership with Bio-AMD......
https://s3.amazonaws.com/assets.hvst.com/uploads/attachment/file/2454/Report_BIAD_4.pdf
Patented technology currently in commercial development with a global haematology partner. BIAD currently trading @ 0.05 let's get real here! this is a steal at this level.......
http://www.bioamd.com/technology/blood-coagulation-monitor
Also noted several 100k block buys the past few days GLTA
I think it's more then one position being liquidated here...largest volume day in over a year. would expect something tangible from management at this point given the current depressed price per share.
Looking for another 20k @ 0.045
Been playing bumper bid with M&M CDEL all morning myself.......Lol.