Summary of the Simmons and Company Oil and Gas Macro Outlook

Summary of Simmons and its oil and gas prospects Oil Simmons reported that the average price of crude oil in 2000 was 24 WTI, in 2001 it was 21 WTI, 1 in Q28, 2 Q00 in 24 dollars, 3 Q 00 in 23 Q, . In 2001, they saw a dollar for 1Q01, $ 20 for 2Q01, $ 21 for 3Q01, and $ 21 for 4Q01. Their papers depend on stock price dependency as follows. Crude oil inventory is the lowest in the long run, OECD inventory is nearly 23 million barrels, US inventories are well below 6.4 million barrels. All US gasoline and distilled oil stocks recorded record lows of 200 barrels and less than 1 million barrels, respectively.

Please briefly summarize the role of Vopak. Established more than 400 years ago, the company stores petroleum, chemicals and natural gas in large white tanks at 66 ports around the world. Their customers include major petrochemical companies. "In fact, there is the same business model as the hotel," explains Katan. "We released capacity, customers rented a tank and transported or picked up cargo with ships, pipes, railroads and trucks.The product was brought into the tank through the dock or landing phase. "

Ambiguity 1: Oil Company Most of the oil companies sell the produced oil and natural gas. Because I have technical bias on natural gas, I will explain "natural gas and oil companies". Gas fields can be designed more accurately than oil fields, especially if the gas remains "dry", and water and condensate do not stay. But people pay more for petroleum energy than natural gas. Salmon roe? The iPod application for my oil and gas says that today's price is 72 dollars per barrel and 3.80 mcra ly. My iPod application PCalc Lite discovered that customers currently pay about three times as much petroleum energy as natural gas, using about 6 Mcf / BOE (barrel oil conversion): ~ ($ 72 / Barrel × 1 barrel) / ($ 3.8 / Mcf) × 6 Mcf / bbl). Natural gas is a cleaner fossil fuel and we can design these things better than petroleum. One day, natural gas may become a preferred fossil fuel, which requires a higher energy price than petroleum.