Future Oil Usage to Join Cigarette Smoking? The growth in demand growth for oil and gas has been curbing within developed nations for several years. Developments in greener energy sources and increased efficiency of energy-thirsty products like vehicles and cell phones have offset the increase in demand driven by population usage growth.  Similar to cigarette…

Natural Gas Up Over 25% Since February 1, Wells Fargo Forecasting $3.40/MMBtu A recent research report by Wells Fargo Securities calls for tightening supply/demand fundamentals, providing further support to their natural gas price forecast of $3.40/MMBtu on average for the remainder of 2017, which is 9% above consensus estimates and highest on the Street.1 The report…

ValueScope is Pleased to Announce the Sale of Victory Diesel to Conestoga Energy Holdings ValueScope acted as the exclusive financial advisor to Victory Diesel, LLC (“Victory”), a Texas based global marketing, distribution, and terminal operating company, in connection with its sale to Conestoga Energy Holdings LLC, a leading producer and marketer of low-carbon renewable fuels…

Oil & Gas Price Outlook March 2017 Oil Prices Hopefully Beginning Recovery from an $8.00 per Barrel Decline Until last week, crude oil prices had been trading within a $2.00 to $3.00 daily range and trending upward.  However, investors were alarmed in early March when data from the American Petroleum Institute (API) showed a big…

Oil & Gas Price Outlook February 2017 Rising Interest Rates’ Effect on Master Limited Partnerships Oil and gas MLPs (“Master Limited Partnerships”) are publicly traded limited partnerships.  MLPs are most commonly present in the energy industry, providing and managing resources such as oil and gas pipelines.  These types of business endeavors are conducive to producing…

Oil & Gas Price Outlook January 2017 2016 Price Review and Looking Forward to 2017 As is popular this time of year, we wanted to do a quick review of the range of prices suggested by the strip price and the options markets as of the beginning of last year (2016). – Oil & Gas…

Oil & Gas Price Outlook December 2016 Happy Days are Here Again? As reported by Bloomberg, OPEC clinched a deal to curtail oil supply, its first cuts in eight years.  OPEC will reduce production by 1.2 million barrels a day to 32.5 million a day in an effort to push inventories down (according to two…

Oil & Gas Price Outlook November 2016 Industry Survey Results Compared to Futures Pricing The investment bank Credit Suisse recently surveyed a group of 128 investors on their outlook for oil prices in February 2018. According to the report, the survey group was comprised primarily of “Long Only” investors, hedge funds and energy companies. A…

Oil & Gas Price Outlook October 2016 Oil and Gas are Political Commodities After last Monday’s debate, when the media declared Hillary Clinton the winner, the overall stock market (S&P 500: SPX) increased by 20 points and oil prices declined by over a dollar per barrel. Oil & Gas Price Outlook October 2016. As a…

Tesla SolarCity Valuation Error What’s a $400 Million Valuation Error Between Friends? The Issue Lazard, the investment bank that advised SolarCity on its $2.6 billion sale to Tesla Motors, made an error in its analysis that discounted the value of the U.S. solar energy company by $400 million, according to a regulatory filing by Tesla.1…

OECD Aligning Transfer Pricing In December of 2015, the US issued proposed regulations related to the implementation of OECD/G20 Base Erosion and Profit Shifting (BEPS) Project, Action 8-10 – Aligning Transfer Pricing Outcomes with Value Creation. (Have we lost you yet?) These proposed regulations would require US Multi-National Enterprises (MNEs) with annual revenues of $850…

Oil & Gas Price Outlook September 2016 End of August Supply Concerns WTI oil prices fell over 3.5% on Wednesday, paring their 20%+ gains in August, based on new supply information from Saudi Arabia and the EIA.  Oil prices’ recent gains had been driven by speculation that OPEC and other producers would agree to curb…

Playboy Mansion Sells for $100 Million A principal of a private equity firm purchased the Playboy Mansion, but Hugh Hefner is allowed to remain at the residence until he moves or dies – reportedly for $1 million in annual rent.  The purchaser also bought the next door property in 2009 for $18 million.  Once Hefner…

Value of High-Intensity Exercise As part of my never-ending quest to value everything, I have attempted to value exercise – not just any exercise, though. I’m talking rigorous, consistent, intense exercise.  The kind of exercise that “gym rats” do – once a day, maybe twice a day. Value of High Intensity Exercise. I’m talking a…

Oil & Gas Price Outlook August 2016 Gasoline Prices Not Costing an “Arm and a Leg” This Summer According to CNBC1, gasoline prices — at $2.16 per gallon nationally — could fall another 10 percent or more, and while that’s good for consumers, it may not be so for stock market investors. That’s because there’s…

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