Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

The Energy Cable #39: A Maturing Bull Market

The Energy Cable #40 – Time to follow crack spreads!

The Energy Cable #37 – The good old fossil fuels are back in business

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macroeconomics

<ul><li>Warren and 3Fourteen Research has been bang on with their bullish crude trade posted in July, which has returned approx. 33%</li><li><span style="font-weight: 400;">On the other side of the energy space, Natural Gas is starting to look like a possible substitute for a long crude position, while the uranium and nuclear trade could be running on fumes.</span></li><li><span style="font-weight: 400;">We had headline numbers in CPI and PPI jump on the back of a strong month in crude and we also note that the nuclear sector is flying higher with Sprott’s physical ETF being up 13% last week on the back of FOMO and political acceptance in nuclear space. </span></li></ul>

Warren and 3Fourteen Research has been bang on with their bullish crude trade posted in July, which has returned approx. 33%On the other side of the energy space, Natural Gas is starting to look like a possible substitute for a long crude position, while the uranium and nuclear trade could be running on fumes.We had headline numbers in CPI and PPI jump on the back of a strong month in crude and we also note that the nuclear sector is flying higher with Sprott’s physical ETF being up 13% last week on the back of FOMO and political acceptance in nuclear space. 

The Energy Cable #38: Time to switch exposures in Energy space?