Bullboard - Stock Discussion Forum Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s): TNEYF

Energy Oil & Gas E&P

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its... see more

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Tamarack Valley Energy Ltd > EIA Inventory:Big draw.

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Post by spurwing2 on Sep 25, 2024 10:32am

EIA Inventory:Big draw.

Summary | Data & Chart | Forecast | News & Analysis

US Energy Information Administration

Source:
Frequency:	Weekly

The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, and it's released by the Energy Information Administration. This report tends to generate large price volatility, as oil prices impact on worldwide economies, affecting the most, commodity related currencies such as the Canadian dollar. Despite it has a limited impact among currencies, this report tends to affect the price of oil itself, and, therefore, had a more notorious impact on WTI crude futures.

		Actual	Dev.	Consensus
	Last release Wed Sep 18th, 2024 14:30	-1.63M	-0.47	-0.1M
	Current release Wed Sep 25th, 2024 14:30	-4.471M	-1.23	-1.2M

Actual

Dev.

Consensus

Last release

Wed Sep 18th, 2024 14:30

-1.63M

-0.47

-0.1M

Current release

Wed Sep 25th, 2024 14:30

-4.471M

-1.23

-1.2M

117

Comment

Comment by Re1ndeer2 on Sep 25, 2024 11:14am

. Total commercial petroleum inventories decreased by 14.6 million barrels last week...

Comment

Comment by robert41 on Sep 25, 2024 11:53am

I guess the big question is will it ever matter? Doesnt seem too.

Comment

Comment by Lousnews on Sep 25, 2024 12:05pm

WTI down regardless of the current demand stats. Wondering what bone the algos are chewing on today? I got nothing...

Comment

Comment by Jimmy1page on Sep 25, 2024 12:38pm

It's the Chinese economy as usual

Comment

Comment by Re1ndeer2 on Sep 25, 2024 12:06pm

. Total commercial petroleum inventories decreased by 14.6 million barrels last week...

Comment

Comment by Lousnews on Sep 25, 2024 12:21pm

From what I'm reading (HFI Research) The EIA is carrying a chunk of WTI export numbers forward. I suspect they are hoping for a week with a build to apply that against in order to soften the impact of what a huge draw of 14.6 million barrels would have (although zero impact is also possible the way oil is currently trading these days).

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