SEARCH
0

Dan Steffens: Low Oil Prices Stimulating Demand

Download Podcast!

Download Instruction: Right Click on the button and select “Save Link As” or click on the button and select “Save Page As” under the browser setting

Dan Steffens

Dan Steffens

website linkedin

Jason Burack of Wall St for Main St had on returning guest, oil expert Dan Steffens of the Energy Prospectus Group https://www.energyprospectus.com/

Dan has over 30 years of experience working in the oil and gas industry.

During this 30+ minute interview, Jason asks Dan about OPEC and the oil cartel’s power over the oil market?

Dan says OPEC more specifically the Saudis has tried to intentionally bankrupt shale oil companies to gain market share but that OPEC is hurting financially now with these low oil prices.

Dan thinks OPEC may cut production in the near future.

Next, Jason asks Dan why M&A hasn’t occurred in oil exploration and production companies?

Dan expects that to occur in the near future after oil prices start to rise.

Jason and Dan discuss the supply/demand fundamentals of oil. Dan says 25 times the amount of real oil is traded daily in paper oil. (Does this remind you of gold and silver futures markets?)

Jason asks about potential dividend cuts from Chevron, ExxonMobil, etc. Dan doesn’t think they will cut the dividend.

To wrap up the interview, Jason asks Dan about the natural gas and the LNG markets as well as what types of oil companies are safe investments.

Share:
  • googleplus
  • linkedin
  • tumblr
  • rss
  • pinterest
  • mail

There are 0 comments

Leave a comment

Want to express your opinion?
Leave a reply!

Leave a Reply

Your email address will not be published. Required fields are marked *