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Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>Brent oil gained ~$10/barrel over the past two weeks (Figure 1) in reaction to lack of progress toward ending the Iran war along with fears that the military action could resume.</li><li>President Trump said Monday that he agreed to delay his plan to strike Iran in hopes of further diplomatic negotiations and at the request of Middle East leaders (the major attack was reportedly planned to take place yesterday).</li><li>Adding to the regional tension, a nuclear plant in the United Arab Emirates was struck by a drone attack Sunday, resulting in a facility fire. </li></ul>

Brent oil gained ~$10/barrel over the past two weeks (Figure 1) in reaction to lack of progress toward ending the Iran war along with fears that the military action could resume.President Trump said Monday that he agreed to delay his plan to strike Iran in hopes of further diplomatic negotiations and at the request of Middle East leaders (the major attack was reportedly planned to take place yesterday).Adding to the regional tension, a nuclear plant in the United Arab Emirates was struck by a drone attack Sunday, resulting in a facility fire. 

Energy Roundup : Brent Oil Price Back Near $110/Barrel as US-Iran Peace Negotiations Drag On

Cross Asset Strategy

<ul><li>That’s a lot of volatility – continued Strait of Hormuz shutdown sends shockwaves through energy complex only to see prices substantially decline less than 24 hours later. </li><li>As the Iran war continued into week two with the Israeli military striking several Iranian fuel sites, oil prices began trading this week with the one of the largest one-day price moves on record.</li><li> After climbing ~30% last week to just under $93/bbl, Brent oil spot prices spiked as high as $117/bbl (+26%) when trading opened Sunday evening.</li></ul>

That’s a lot of volatility – continued Strait of Hormuz shutdown sends shockwaves through energy complex only to see prices substantially decline less than 24 hours later. As the Iran war continued into week two with the Israeli military striking several Iranian fuel sites, oil prices began trading this week with the one of the largest one-day price moves on record. After climbing ~30% last week to just under $93/bbl, Brent oil spot prices spiked as high as $117/bbl (+26%) when trading opened Sunday evening.

Energy Roundup : Oil Prices Swing Wildly...

United States

United States Brent Oil Fund LP is an exchange traded fund incorporated in the USA. The Fund's objective is to have changes in percentage terms of its unit's net asset value reflect the changes of the price of Brent Crude Oil, as measured by changes in percentage terms of the price of an average of the Brent Crude Oil futures contracts on the ICE-UK.

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United States Brent Oil Fund (BNO US)

Energy Roundup : Brent Oil Price Back Near $110/Barrel as US-Iran Peace Negotiations Drag On

Brent oil gained ~$10/barrel over the past two weeks (Figure 1) in reaction to lack of progress toward ending the Iran war along with fears that...

Water Tower Research

Energy Roundup : Oil Prices Swing Wildly...

That’s a lot of volatility – continued Strait of Hormuz shutdown sends shockwaves through energy complex only to see prices substantially decline...

Water Tower Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)