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

Energy Weekly (W/E 31/Jul): Oil Reprices Risk, Positioning Steadies, and Chevron Outshines Exxon

Crude Oil Tactical Outlook: Bottom Near, May Rise Again

Oil futures: Crude rebounds as Hormuz, CPC disruptions eyed

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 once again is taking President Trump at his word that a deal between the U.S. and Iran is close, if not virtually consummated.       </li>
<li>We would note, however, that our energy equities appear to be taking a somewhat different view, i.e. in general they declined less than the commodity yesterday.                 </li>
<li>In any event, as discussed on Monday, we will believe a comprehensive deal when we see it, and as such we do not rule out a return to open conflict.            </li>
</ul>


The oil market once again is taking President Trump at his word that a deal between the U.S. and Iran is close, if not virtually consummated.       
We would note, however, that our energy equities appear to be taking a somewhat different view, i.e. in general they declined less than the commodity yesterday.                 
In any event, as discussed on Monday, we will believe a comprehensive deal when we see it, and as such we do not rule out a return to open conflict.            


Morning Market Notes: Oil Prices Say a Deal Is Near; Our Energy Equities Suggest Otherwise