Hart Energy Headlines 1 31 19

Hart Energy Headlines 1 31 19


HELLO EVERYONE. THANK YOU FOR JOINING US FOR HART ENERGY HEADLINES. I’M JESSICA MORALES. THE CRISIS IN VENEZUELA TOPS OUR REPORT ONCE
AGAIN. NOW THAT THE U.S. HAS ANNOUNCED LARGE-SCALE
SANCTIONS ON VENEZUELA’S NATIONALLY OWNED OIL COMOANY PDVSA THE INDUSTRY, PARTICULARLY
REFINERS, ARE STILL DECIPHERING WHAT THE MEASURES PROHIBIT. AND AS FOR THE IMPACT ON VENEZUELAN OIL SUPPLIES,
IT’S TOO EARLY TO TELL, SAID IEA CHIEF FATIH BIROL DURING AN INDUSTRY EVENT IN NEW DELHI. TRADERS HAVE ALREADY STARTED LOOKING FOR WAYS
TO WORK AROUND THE SANCTIONS WHICH WILL HIT 500,000 BARRELS PER DAY OF HEAVY CRUDE THE
U.S. IMPORTS FROM VENEZUELA. INDIA AND CHINA ARE THE OTHER TOP IMPORTERS
OF VENEZUELAN CRUDE. FOURTH-QUARTER EARNING REPORTS CONTINUE TO
COME IN FROM PRODUCERS. AS THEY POUR IN AND PLANS ARE SET FOR 2019,
ANALYSTS EXPECT U.S. SHALE PRODUCERS TO ORGANIZE AROUND SOME COMMON THEMES. WILLIAMS CAPITAL GROUP PREDICTS THOSE THEMES
COULD INCLUDE LOWER 2019 BUDGETS REACTIVE TO STRIP PRICE SHIFTS, PRODUCTION GROWTH WITHIN
CASH FLOW, INFILL DRILLING AND SPACING OUTCOMES, AND RESTS TO LOWER COMMODITY PRICE REALITIES. THE FIRMS SENIOR EQUITY ANALYST GABRIELE SORBARA
NAMES DIAMONDBACK ENERGY, PIONEER NATURAL RESOURCES, WPX ENERGY, CONCHO RESOURCES, CALLON
PETROLEUM AND SM ENERGY AS THE TOP PICKS TO DISTINGUISH THEMSELVES THIS YEAR. ANOTHER STEP TOWARD RELIEVING THE PERMIAN
TAKEWAY BOTTLENECK WHEN MODA MIDSTREAM REVEALED ITS UPGRADES TO BERTH 2-A AT THE MODA INGLESIDE
ENERGY CENTER AT THE PORT OF CORPUS CHRISTI. HART ENERGY’S LEN VERMILLION TOURED THE
FACILITY AND THE FOURTH VLCC ITS LOADED SINCE THE UPGRADES WHERE FINISHED IN LATE DECEMBER. MODA CAN NOW HANDLE LOADING THE CRUDE CARRIERS
AT RATES OF UP 80,000 BARRELS PER HOUR. WITH THE GROWING PRODUCTION IN THE PERMIAN
AND EAGLE FORD, CEO BO McCALL TOLD REPORTERS THE CENTER NOW HAS THE U.S. GULF COAST’S
MOST EFFICIENT CRUDE EXPORT LOADING RATES AND UNMATCHED TURNAROUND TIMES. HE SAID THE VLCC’S CAN BE TURNED AROUND
IN 24 HOURS. WITH THE PORT WORKING TO DEEPEN THE CHANNEL
AND TO MAKE OTHER UPGRADES, IT SHOULD GO ALONG WAY TOWARD HELP TO EASE EXPORT BOTTLE NECKS
ALONG THE GULF COAST. AND BEFORE WE GO I WANT TO REMIND YOU THAT
WE’LL BE CHANGING THINGS UP HERE. ON MONDAY WE’RE LAUNCHING THE NEW AND IMPROVED
HARTENERGY.COM AND I’LL BE HOSTING A BRAND NEW EXECUTIVE INTERVIEW AND NEWS PROGRAM FOUR
DAYS A WEEK CALLED HART ENERGY CONNECT. I’LL STILL HAVE THIS WEEKLY NEWS REVIEW
AS PART OF THAT PROGRAM SO YOU WONT MISS ANYTHING. OUR FIRST EPISODE IS TUESDAY, FEBRUARY 5TH
WHEN WE’LL CONNECT WITH HALLIBURTON CEO JEFF MILLER. I’M JESSICA MORALES, SEE YOU THEN.

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