Independent Energy Equities & Commodities Research, WHB Energy Research LLC

William H Brown III

WHB Energy Research LLC is an independent energy industry equity and commodity boutique providing analysis and trading/investment recommendations to hedge funds, mutual funds, oil and gas producing companies, energy consuming companies and high net worth individuals. WHB Energy Research LLC fills a major void by providing top level fundamental and qualitative research complemented by state of the art quantitative modeling. WHB Energy Research LLC also engages in physical oil trading activity as an agent/intermediary and also provides expert witness consultation and testimony. From 2003-2005 Mr. Brown established and managed an energy hedge fund for a single investor/client. Specialties: Economic and financial analysis and forecasting of the NYMEX, ICE, and international physical petroleum markets and energy equities in the integrated, independent producer, refining, drilling, service, and transportation sectors.

Independent Energy Equities & Commodities Research

Independent energy equity and commodity boutique

WHB Energy Research LLC

WHB Energy Research LLC is an independent energy industry equity and commodity boutique
providing analysis and trading/investment recommendations to hedge funds, mutual funds, oil
and gas producing companies, energy consuming companies and high net worth individuals.
WHB Energy Research LLC fills a major void by providing top level fundamental and
qualitative research complemented by state of the art quantitative modeling. WHB Energy
Research LLC also engages in physical oil trading activity as an agent/intermediary and also
provides expert witness consultation and testimony. From 2003-2005 Mr. Brown established and
managed an energy hedge fund for a single investor/client. Specialties: Economic and financial
analysis and forecasting of the NYMEX, ICE, and international physical petroleum markets and
energy equities in the integrated, independent producer, refining, drilling, service, and
transportation sectors.

Commodities

<ul>
<li>The oil market continued its selloff under the belief that a return to the negotiating table is likely, but again, we will believe it when we see it.            </li>
<li>• Our energy equities may be telling a bit different story, however, generally holding up better than the commodity thus far.                          </li>
<li>While the prompt NYMEX crude oil contract remains in our “no-man’s land,” we are buyers in December if October falls below $80.00 per barrel toward our $75.00 per barrel trough.      </li>
</ul>


The oil market continued its selloff under the belief that a return to the negotiating table is likely, but again, we will believe it when we see it.            
• Our energy equities may be telling a bit different story, however, generally holding up better than the commodity thus far.                          
While the prompt NYMEX crude oil contract remains in our “no-man’s land,” we are buyers in December if October falls below $80.00 per barrel toward our $75.00 per barrel trough.      


Morning Market Notes: Oil Prices Are Telling One Story, Our Energy Equities May Be Telling Another

Crude Oil

Morning Market Notes: Oil Prices Are Telling One Story, Our Energy Equities May Be Telling Another