Chad Brownstein on Bloomberg – Has Oil Hit Bottom?
This clip aired on aired February 4, 2015 on Bloomberg.
This clip aired on aired February 4, 2015 on Bloomberg.
Check out my appearance today, Mon February 2, 2015 on CNBC’s “Closing Bell” between 3:30-5:00 PM. We will be broadcasting from the New York Stock Exchange.
This clip aired on December 12, 2014 on CNBC’s Closing Bell
Chad Brownstein, CEO of Rocky Mountain Resources, discusses the impact of current oil prices, OPEC’s recent moves and pressures faced by US oil drillers.
More quotes from Chad Brownstein:
“We’re have a global margin call.”
“We hit 75 because of OPEC.”
“We’re at a technical level that’s being pushed by the forced selling in the global markets.”
“I think we can hit the mid 40’s but I clearly believe the stabilized number is closer to the 70’s longer term.”
This clip aired on aired December 15, 2014 on Bloomberg.
Rocky Mountain Resources CEO Chad Brownstein discusses investing in oil and global prices. He speaks on “Market Makers.”
I think we’ve had an overreaction that’s a function of a global margin call.
When we gapped down from $100 to $75, it really was a supply and demand issue related to the OPEC strategy of not further reducing cuts.
The latest gap down is a function of the financial markets coming to grips with eighteen times leverage for every barrel of oil produced. And to give you a perspective on that, in 2008 it was
thirteen times, in 1997 it was three times.
So we’re basically unwinding the $500 billion dollars raised right now. Investors can’t understand and can’t price risk on either side of the balance sheet so I think we’re going to settle in the mid 70s over time.
I do believe we could gap down further than where we’re at today but all of my underwriting is being done on the concept that oil is going to be somewhere in the mid 60s to mid 70s over the next 36 months.
This clip aired on December 11, 2014 on CNN International
Quotes from Chad Brownstein, CEO of Rocky Mountain Resources.
“It’s Black Friday for Large Cap oil stocks.”
“You’re seeing large cap debt infrastructure trading down in the 70s and 80s. And that’s forcing a global sell off on the debt side.”
“There’s 18 times leverage in the market for every barrel of oil.”
Rocky Mountain Resources CEO Chad Brownstein on CNN Newsroom / CNN International on December 1, 2014 discussing oil production and the near-term future of oil prices.
Beverly Hills, CA – November 26th, 2014
Rocky Mountain Resources CEO Chad Brownstein appeared on CNBC’s “Closing Bell” to discuss OPEC’s expected announcement on oil production later this week.
OPEC (Organization of the Petroleum Exporting Countries) is set to meet on November 27th to discuss the cartel’s response to falling crude prices. According to MarketWatch.com, “Oil prices have plunged more than 30% since midyear on growing global supplies of oil and weak demand growth.”
Brownstein discussed the impact of the “Iran versus Saudi issue” in the Middle East as well as the state of US oil markets. He went on speculate how low oil prices could fall in the months ahead.
Brownstein will appear again on “Closing Bell” on Wednesday, November 26th, 2014 to continue the OPEC discussion.
About Chad Brownstein
Chad Brownstein is the Chief Executive Officer of Rocky Mountain Resources and responsible for the corporate strategy and board oversight for all investments. Mr. Brownstein, a Colorado native, has been an active member of the resource community for 18 years having founded and financed multiple hydrocarbon and mining companies. Mr. Brownstein is the Co-Founder and Vice Chairman of the Banc of California (“BANC”).
For more information on Chad Browenstein, please visit https://chadbrownstein.com/.
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Contact:
Rocky Mountain Resources
9595 Wilshire Blvd, Suite 310
Beverly Hills, CA 90212
(310) 409-4113