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

Fund Crude Oil Buying Over the Last Several Weeks Reflects Iran Hype, and Not Fundamentals

Oil futures: Crude rows back as US-Iran agree to talks in Oman

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>Crude oil prices are retracing in response to a return to the "mega surplus" theme, with Iran risk placed on the back burner for now.</li>
<li>Current energy commodity and energy equity prices are therefore moving back into neutral, "no man's land" territory. If negative sentiment continues, our buying opportunity may yet come.</li>
<li>If so, we will buy, anticipating a f<em><strong>undamentally based, sustainable</strong></em> rally in both the commodity and our energy equities., not based on transient geopolitical hype or headlines.</li>
</ul>


Crude oil prices are retracing in response to a return to the "mega surplus" theme, with Iran risk placed on the back burner for now.
Current energy commodity and energy equity prices are therefore moving back into neutral, "no man's land" territory. If negative sentiment continues, our buying opportunity may yet come.
If so, we will buy, anticipating a fundamentally based, sustainable rally in both the commodity and our energy equities., not based on transient geopolitical hype or headlines.


The IEA Still Expects a World Oil Market "Mega Surplus" This Year; We Continue to Disagree