Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>The U.S. has continued to separate itself from broad emerging market and developed international indexes. One positive is that MSCI EM and MSCI EAFE have been able to stabilize <em>from a price perspective </em>in recent weeks despite relative strength weakness vs. MSCI ACWI.<em>  </em>In today’s report we scour the globe for attractive investments, ex-U.S., in an environment where selectivity is key.  </p>

The U.S. has continued to separate itself from broad emerging market and developed international indexes. One positive is that MSCI EM and MSCI EAFE have been able to stabilize from a price perspective in recent weeks despite relative strength weakness vs. MSCI ACWI.  In today’s report we scour the globe for attractive investments, ex-U.S., in an environment where selectivity is key.  

Global Equity Strategy: Where to Hide Outside the U.S.

Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

VAC Investments

Thematic (Sector/Industry)

<h2>Oil Price</h2><p>Crude Oil prices remained fairly flat for the week, with markets awaiting further clarity on OPEC + Russia's likely production increases at their meeting later this month. WTI ended the week at USD 65.67/bbl (flat w/w) while Brent ended at USD 76.37/bbl. Crucially, the Brent/WTI spread remains elevated at c.USD 11/bbl, likely driven by continued robust US production growth. </p><hr><h2>Last Week in E&amp;Ps</h2><p><strong><a href="https://www.smartkarma.com/entities/22143" target="_blank" data-smartkarma-citation="entities:22143:1">Soco International PLC (SIA LN)</a></strong> ,<strong> 07 Jun</strong> - We like Soco's high-quality Vietnam production and…</p>

Oil PriceCrude Oil prices remained fairly flat for the week, with markets awaiting further clarity on OPEC + Russia's likely production increases at their meeting later this month. WTI ended the week at USD 65.67/bbl (flat w/w) while Brent ended at USD 76.37/bbl. Crucially, the Brent/WTI spread remains elevated at c.USD 11/bbl, likely driven by continued robust US production growth. Last Week in E&amp;PsSoco International PLC (SIA LN) , 07 Jun - We like Soco's high-quality Vietnam production and…

<h2>Oil Price</h2><p>WTI continued its slide this week, ending c.3% lower w/w at USD 65.61/bbl. However, Brent oil prices remained fairly resilient and ended the week broadly flat at USD 76.51/bbl. Consequently, The Brent/WTI spread has expanded to &gt;USD 10/bbl, the highest since late-2015, driven by surprising robustness in US Shale oil production and continued OPEC production cuts. The planned OPEC meeting later this month should give us greater clarity on when and how these production cuts would be scaled…</p>

Oil PriceWTI continued its slide this week, ending c.3% lower w/w at USD 65.61/bbl. However, Brent oil prices remained fairly resilient and ended the week broadly flat at USD 76.51/bbl. Consequently, The Brent/WTI spread has expanded to &gt;USD 10/bbl, the highest since late-2015, driven by surprising robustness in US Shale oil production and continued OPEC production cuts. The planned OPEC meeting later this month should give us greater clarity on when and how these production cuts would be scaled…

<h2>Oil Price</h2><p>Crude oil's relentless rally YTD has been largely driven by concerted and coordinated OPEC + Russia supply cuts, and a perfect storm of geopolitical tensions. Consequently, we saw Brent flirt briefly with USD 80/bbl recently, due to the likelihood of "will they / won't they?" tensions around US/North Korea talks and further Iran related sanctions. However, this week saw the first signs of OPEC and Russia signal that the oil market was overheating, with announcements of likely additional…</p>

Oil PriceCrude oil's relentless rally YTD has been largely driven by concerted and coordinated OPEC + Russia supply cuts, and a perfect storm of geopolitical tensions. Consequently, we saw Brent flirt briefly with USD 80/bbl recently, due to the likelihood of "will they / won't they?" tensions around US/North Korea talks and further Iran related sanctions. However, this week saw the first signs of OPEC and Russia signal that the oil market was overheating, with announcements of likely additional…

<h2>Oil Price</h2><p>Crude continues its relentless rise, with Brent briefly hitting USD 80/bbl for the first time in 4 years this week, before ending the week at USD 78.87. WTI similarly ended the week at USD 71.53. Continued OPEC + Russia compliance on oil quotas, coupled with robust Asian demand amidst risks of prolonged Iranian export disruptions underpin the oil price rally, more than making up for steady US oil production growth. We would expect the broader upward trend to stay in the near-term, with…</p>

Oil PriceCrude continues its relentless rise, with Brent briefly hitting USD 80/bbl for the first time in 4 years this week, before ending the week at USD 78.87. WTI similarly ended the week at USD 71.53. Continued OPEC + Russia compliance on oil quotas, coupled with robust Asian demand amidst risks of prolonged Iranian export disruptions underpin the oil price rally, more than making up for steady US oil production growth. We would expect the broader upward trend to stay in the near-term, with…

United Kingdom

Harbour Energy PLC operates as an oil and gas company. The Company offers oil and gas exploration and products services. Harbour Energy serves customers worldwide.

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Harbour Energy (HBR LN)

Global Equity Strategy: Where to Hide Outside the U.S.

The U.S. has continued to separate itself from broad emerging market and developed international indexes. One positive is that MSCI EM and MSCI...

Vermilion Research

Global E&Ps: Energy Weekly Vol. 20

Oil PriceCrude Oil prices remained fairly flat for the week, with markets awaiting further clarity on OPEC + Russia's likely production increases...

Aaditya Chintalapati, CFA

Global E&Ps: Energy Weekly Vol.19

Oil PriceWTI continued its slide this week, ending c.3% lower w/w at USD 65.61/bbl. However, Brent oil prices remained fairly resilient and ended...

Aaditya Chintalapati, CFA

Global E&Ps: Energy Weekly Vol. 18

Oil PriceCrude oil's relentless rally YTD has been largely driven by concerted and coordinated OPEC + Russia supply cuts, and a perfect storm of...

Aaditya Chintalapati, CFA

Global E&Ps: Energy Weekly Vol. 17

Oil PriceCrude continues its relentless rise, with Brent briefly hitting USD 80/bbl for the first time in 4 years this week, before ending the week...

Aaditya Chintalapati, CFA

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