Global Editor, Base Oil News

Iain Pocock

Global Editor

Global Base Oils and Lubricants Markets

Base Oil News

Base Oil News focuses on the interplay between fundamentals and prices in the global base oils and lubricants markets.

Baseoilnews.com combines daily, weekly and monthly base oils and lubes fundamentals data from every region of the world to build the most comprehensive and up-to-date global picture of the state of the market.

The data and analysis provide key tools to understand current market developments and opportunities and to anticipate how the market is likely to behave in the coming months.

Base oils producers, lube blenders and consumers can then better plan accordingly.

Baseoilnews.com analyses and publishes market news and data every day as it breaks.

Commodities

<ul><li>Base oils prices extend rise vs feedstock/competing fuel prices in Asia and Europe, pointing to tighter supply-demand fundamentals.</li><li>US base oils premium to VGO/heating oil stays in narrower range, lagging rise in Asia and Europe.</li><li>Dynamic points to diverging fundamentals between US and other regions.</li></ul>

Base oils prices extend rise vs feedstock/competing fuel prices in Asia and Europe, pointing to tighter supply-demand fundamentals.US base oils premium to VGO/heating oil stays in narrower range, lagging rise in Asia and Europe.Dynamic points to diverging fundamentals between US and other regions.

Global base oils margins outlook: Week of 10 March

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Calumet Specialty Products Par / Equity Bottom-Up

Key points (machine generated)<ul><li>Calumet is expected to experience positive catalysts in the next six months despite facing challenges such as its MLP structure, operational issues, and credibility concerns.</li><li>The company has the potential to generate significant EBITDA numbers from its Specialty and MRL divisions, indicating strong growth prospects.</li><li>The Performance Brands and legacy refinery businesses are also expected to contribute to EBITDA, assuming favorable market conditions.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)Calumet is expected to experience positive catalysts in the next six months despite facing challenges such as its MLP structure, operational issues, and credibility concerns.The company has the potential to generate significant EBITDA numbers from its Specialty and MRL divisions, indicating strong growth prospects.The Performance Brands and legacy refinery businesses are also expected to contribute to EBITDA, assuming favorable market conditions.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Calumet Specialty Prods  -Lp (CLMT) - Tuesday, Oct 24, 2023

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

Dow Jones Industrial Average / Technical Analysis

<ul>
<li>We still believe it's possible we've seen the lows for this pause/pullback on the SPX, and we see low probability of meaningful correction if SPX is above 4300-4325 (1.5-year support).</li>
<li>As initially discussed in our 8/29/23 Compass, we wouldn't be surprised to see another month+ (i.e., through the end of September, and possibly longer) of consolidation between 4325 and 4600.</li>
<li>Downgrading Industrials (XLI) to market weight due to 1.5+ year RS uptrend violation. Buys highlighted in Uranium and Energy (refiners and coal).</li>
</ul>


We still believe it's possible we've seen the lows for this pause/pullback on the SPX, and we see low probability of meaningful correction if SPX is above 4300-4325 (1.5-year support).
As initially discussed in our 8/29/23 Compass, we wouldn't be surprised to see another month+ (i.e., through the end of September, and possibly longer) of consolidation between 4325 and 4600.
Downgrading Industrials (XLI) to market weight due to 1.5+ year RS uptrend violation. Buys highlighted in Uranium and Energy (refiners and coal).


Downgrading Industrials to Market Weight; Major Supports Holding; Buys in Uranium and Refiners

United States

Calumet Specialty Products Partners, L.P. produces specialty hydrocarbon products for domestic and international customers.  The Company processes crude oil into a variety of customized lubricating oils, solvents, and waxes.  Calumet also processes crude oil into a variety of fuel and fuel-related products, including unleaded gasoline, diesel fuel, and jet fuel.

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Calumet Specialty Products Par (CLMT US)

Global base oils margins outlook: Week of 10 March

Base oils prices extend rise vs feedstock/competing fuel prices in Asia and Europe, pointing to tighter supply-demand fundamentals. US base oils...

Base Oil News

Calumet Specialty Prods -Lp (CLMT) - Tuesday, Oct 24, 2023

Calumet is expected to experience positive catalysts in the next six months despite facing challenges such as its MLP structure, operational...

Value Investors Club (VIC)

Downgrading Industrials to Market Weight; Major Supports Holding; Buys in Uranium and Refiners

Downgrading Industrials/Manufacturing $XLI to market weight. Still see low probability of a meaningful correction if the $SPX is above 4300-4325....

Vermilion Research

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