Dan Steffens: Oil Supply Glut is a Myth? Wall St Loves Permian Plays

Jason Burack of Wall St for Main St interviewed returning guest, President of the Energy Prospectus Group http://energyprospectus.com/ for oil & natural gas investors, Dan Steffens. Dan has over 20 years experience working in the oil and gas industry. Dan has produced many winning oil investments for growth investors and also for income investors. During this 25+ minute interview, Jason start off by asking Dan if President Trump has done any pro oil or pro energy things in his 6 weeks in office? Dan says it hasn't happened yet but Trump's corporate tax cuts will also benefit the oil and gas industry once they are implemented. Next, Jason asks Dan about the inventory increases in gasoline in the US? Dan says it's not a sign of a massive supply glut and he points out how there's been absolutely enormous (hundreds of billions of dollars) in capex cuts for the oil industry to bring on new long lead time projects and find new oil reserves. Jason also asks Dan about the margins of onshore independent oil producers like EOG Resources and what margin they have at current WTI prices? Dan gives out some oil and natural gas stocks he likes with good valuations and also good growth and he offers Wall St for Main St listeners $100 off an Energy Prospectus Group membership and a free month's copy of his newsletter if they email him! Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Mo Dawoud on Twitter @m0dawoud Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: wallstformainst@gmail.com

Comments

1. It's a buck people. Pass the buck! One a month. You won't miss it!
2. Why don't you cheapskates donate to this channel?
3. If this etf is denied and you don't buy the dip you're crazy
4. Jason Stapleton is such a loser. I told him to buy the dip on bitcoin but he's dumb dumb dumb.
5. how'd i get here? i thought i clicked squirrels falling off a birdfeeder
6. Excellent interview, Jay.
   Could you quickly review Dan's stockpicks ? They're scattered around the entire interview !
7. what is your opinion on uranium?