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Energy Prospectus Group
4718 Yorkshire Street
Energy Prospectus Group (EPG) is a networking organization for private investors that are heavily invested in the energy sector. Our members are geologists, engineers, landman, financial professionals and small business owners. Many of them have decades o
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The energy sector presenters include: Mike Mercer, CFO of EV Energy Partners; William Schreier, portfolio manager of Infrastructure Energy Income Fund, a NYC Hedge Fund specializing in energy investments; Jonathan Hoopes, president of Green Hunter Energy; Sterling McDonald vice president of Evolution Petroleum; and Dan Steffens, president of Energy Prospectus.
"They probably did because I think ...
"They probably did because I think they need those tax credits to survive," Dan Steffens, president of the Energy Prospectus Group, said in a telephone interview from his office in Houston.
News | Broadwind Energy
Dan Steffens, president of the Energy Prospectus Group, recently explained that without the shale boom, gas prices could easily be at least $6 a gallon.
Weekday Wrap-Up: Gold, Cashless Societies, Bubbles, and Bull Markets | FS Staff | FINANCIAL SENSE
We had an interesting line-up of guests and topics this week for our premium channel: Ross Hansen discussed gold and our slow move towards a cashless society, Urban Carmel talked about the tech bubble and not to expect such euphoria again, Marc Chandler talked about a multi-year bull market in the dollar, and, lastly, Dan Steffens addressed falling oil prices and the energy market.
On Friday, Dan Steffens, the President of Energy Prospectus Group in Houston, came on to discuss the energy sector and explained how a rising dollar is the key factor driving oil prices lower.
"The main reason that oil has dipped in the last couple of months is because the US dollar has gained in strength against the euro.
The US dollar is up about 8 or 9% in the last couple of months and oil is down about 8 or 9% because crude oil trades globally and it trades in US dollars and so as the value of the US dollar goes up, the price of crude oil goes down.
So really the long-term trend or trading channel for crude oil is still intact it's just kind of shifted down about 7 or 8 dollars so as I said in my last newsletter I think the strong support level of about $90 is still intact..."
also noted the still plentiful supply and strong economics behind drillers here in the U.S., which is helping to keep prices low as well:
Unocal Gulf Coast Alumni Club - Acitvities
Dan Steffens who is the founder and current President of the Energy Prospectus Group (EPG) based in Houston.
His topic was current issues in the Energy sector including worldwide production and pricing and the factors influencing both.
Dan Steffens, Managing Member of the Energy Prospectus Group; his topic was "E&P Fundamentals and How Investors Can Profit".