Chad Brownstein – Colorado is “The Permian for Water”
Chad Brownstein, CEO of Rocky Mountain Resources, discusses the potential market value and actual logistics of investing in water.
Chad Brownstein on Bloomberg – The new oil economy
Transcript:
Alix: I’m Alix Steel and welcome to Bloomberg Commodities Edge. It’s 30 mins to focus on the companies and physical assets and the trading behind the hottest commodities with the smartest voices in the business. Let’s first kick it off with ‘spot on’ our expert and investor take on our big story and this week, the big story is President Donald Trump’s decision to pull out of the Iran Nuclear Deal.
Why real assets are the real deal
Chad Brownstein, CEO of Rocky Mountain Resources (RMR), was recently interviewed by Market Currents ahead of the Family Office Event. He talked about real assets, why Colorado is experiencing extraordinary growth, and why there is a growing market from family offices from Asia.
To read the complete interview, go to http://www.marketcurrentswealthmanagement.com/.
Chad Brownstein on taking advantage of the new Corporate Tax Rate
Chad appeared on Fox News to discuss some of the implications of the new tax bill that comes into effect on 1/1/2018.
Transcript:
Fox News:There’s something else that’s coming up this new year the new tax code. You know, we’ve heard a lot about that after President Trump signed the sweeping tax bill into law earlier this month. Well our next guest has some tips on how we can all make the law work for us let’s bring in Chad Brownstein CEO of Rocky Mountain Resources joining us now.
So Chad, I mean right now the average tax refund is like they say over three thousand dollars how do you think people can maximize this you know for next year. What do we do?
Chad: You got to benefit your business. When you have a corporate tax rate of 21% and the ability to buy things and depreciate it immediately, your business is what’s going to drive it if you own a small business and if you own a large business you’re going to be busy buying capital equipment so it’s time to buy in America.
Chad Brownstein on 2018 Shale Production
Chad Brownstein, CEO of Rocky Mountain Resources, appeared on Bloomberg to discusses his forecast for 2018 Shale production coupled with aggregate and infrastructure spend.
MarketCurrents interview with Chad Brownstein
Chad Brownstein was recently interviewed by MarketCurrents, about the advantages for family offices in real asset ownership and investing in natural resources.
In the interview, Chad discusses Rocky Mountains Resources’ focus in the Colorado Market, return on investments and the strategy that differentiates Rocky Mountain Resources from its competitors.
To read the full interview, go to http://www.marketcurrentswealthmanagement.com/real-asset-ownership-marketplace-family-offices/
LA Rams picks Banc of California for foundation partner
The Los Angeles Rams foundation chose the Banc of California to be its official banking partner.
“The Rams Foundation is committed to benefiting the Los Angeles region directly and through its non-profit community partners. As we come home to Southern California, we will continue using our visible platform to make our community a better place.”
This announcement expands the Banc’ existing involvement which includes the Los Angeles Football Club, USC Athletics along with the 2024 Los Angeles Olympic Bid.
“In California, sports is a connector to communities. Banc of California is proud to partner with the Los Angeles Rams Foundation. We believe in supporting organizations that strengthen California’s diverse citizenry and the Rams organization and Foundation are doing exactly that. Our partnership with the Rams Foundation will continue our meaningful impact on the at risk youth of Los Angeles,” said Chad Brownstein, Vice Chairman of Banc of California and a member of the LA 2024 Committee.
To read more about the partnership between Banc of California and Los Angeles Rams, click here
Banc of California gets behind US Olympic Bid
Los Angeles 2024 Olympic bid teamed up with Banc of California for it to serve as its commercial bank.
Los Angeles was elected to be the United States’ candidate city to host the 2024 Olympic and Paralympic Games. LA 2024 is led by bid chair Casey Wasserman, Chairman and Chief Executive Officer of Wasserman Media Group, and bid CEO Gene Sykes, a partner at Goldman Sachs and former member of its Management Committee. NBA icon, Olympic gold medalist, and business leader Magic Johnson and legendary labor leader Maria Elena Durazo were recently named as LA 2024 Vice Chairs, along with four time Olympic gold medalist swimmer Janet Evans. It also has strong backing from the current LA mayor Eric Garcetti.
Chad Brownstein, Vice Chairman of Banc of California is excited to part of the bid. “Banc of California is thrilled to partner with LA 2024 to help bring the Olympic Games back to Los Angeles. We believe in partnering with organizations that strengthen our communities and empower our private businesses, entrepreneurs and homeowners to pursue their California Dreams. This bid, under the stewardship of Mayor Eric Garcetti, Casey Wasserman and Gene Sykes, will benefit Los Angeles’ economy and strengthen our diverse community,”
To read the complete release on streetinsider.com about Chad Brownstein and Banc of California’s involvement with the Olympic Bid, click here.
Chad Brownstein Discusses Oil Prices on CNN International
The drop in oil prices has caused a stir among countries that depend on the high prices to meet their national quotas. Venezuela, Nigeria and Russia are among the countries that have been under pressure due to the sudden drop in oil prices. In an interview with CNN, Chad Brownstein, revealed that one of the primary causes of this drop in prices is the fact that there have been over drilling, particularly in the United States.
Competition between the United States and the Saudi Arabia as well as the United Arab Emirates also is also causing this drop in prices. The country that will be benefiting the most is China, where importing oil at $70 per barrel or less actually lowers the country’s overall production cost by quite a big margin.
“It’s very important to diversify,” Mr Brownstein reemphasises his thoughts on how the United States can survive this price drop and the stress it puts on the US monetary. “I think 70 is the new 100 ‘from a 5 year strip perspective’. It’s the new standard by which the US operators are going to have to view their drilling strategies.”
The energy analyst and chief executive officer of Rocky Mountain Resources is firm in his analysis about the situation. If oil price is going to level at the $70 per barrel over the coming years, the US policy makers need to re-evaluate their policies, invest more in job-creating projects and rethink their national pipeline strategy.
Chad Brownstein Appears on CNN International – Black Friday for Large Cap Oil Stocks
After the oil prices drop by 2%, the cost of Light Sweet Crude dipped below $60 per barrel for the first time since 2009. Rocky Mountain Resources CEO Chad Brownstein said that the price drop may continue all the way to around $40 per barrel, causing a Black Friday for large capital oil stocks.
Today, there are 18 times financial leverage in the market for every barrel of oil. There were only 3 times in 1997, and 13 times in 2007. The high leverage is caused by high-yield bonds and structured funds used by high capex oil company’s to fund their operations. Once the senior debt started to trade below a certain level, in this case .90 on the dollar reflective of less than $70 a barrel, the initial plans must be altered.
There will be companies that suffer from the loss of margin – or profit altogether – levered to $100+ per barrel oil price. These companies will most likely lower production or close down altogether. In terms of production numbers, however, there is a potential increase next year, with production being at around 9 million plus barrels a day in the US. The cost of production specific to oil services will also drop as smaller oil fields survive the storm.