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>A leaked CIA analysis, if true, fully supports our Base Case of a progressive tightening of the U.S. commercial crude oil balance.</li>
<li>There is no indication of any change in the status quo, with little traffic through the Strait. As we anticipated, any serious U.S.-Iran negotiations on a deal remain highly elusive.</li>
<li>Given the recent surge in NYMEX RBOB cracks, we have established a 10% short position in the August crack as a hedge against our long MPC and VLO equity positions.  </li>
</ul>


A leaked CIA analysis, if true, fully supports our Base Case of a progressive tightening of the U.S. commercial crude oil balance.
There is no indication of any change in the status quo, with little traffic through the Strait. As we anticipated, any serious U.S.-Iran negotiations on a deal remain highly elusive.
Given the recent surge in NYMEX RBOB cracks, we have established a 10% short position in the August crack as a hedge against our long MPC and VLO equity positions.  


CIAの報告書と合意に向けた進展の欠如は、我々の米国原油価格強気の見方を完全に裏付けている。

Crude Oil

CIAの報告書と合意に向けた進展の欠如は、我々の米国原油価格強気の見方を完全に裏付けている。