KRONOS MANAGEMENT
Energy Investment
Home

The energy industry is an exciting marketplace. It is currently experiencing a revolution, especially in the US. Decades-long trends of rising consumption, declining production, and increasing imports for oil and natural gas are being reversed. The heightened environmental concern about greenhouse gases created an urgency to develop alternative energy solutions. There are many market dynamics and investment opportunities within the energy sector that are unique and not well understood by the wider investment communities.

We are a team of seasoned professionals with extensive knowledge in energy project development, investment valuation, and trading strategies in the energy industry. 

We approach energy investing with a macro view. We research the underlying drivers for the energy industry and study the inter-relations of various markets and subsectors to seek the best returns.  

We create value by

1. Exploiting our Edge: specialized knowledge and unique insight in the energy industry through careful research and interpretation of trends and data,

2. Sound Risk Management principles: balancing long/short exposure on commodities futures/equities to implement our relative value arbitrage strategy and generate superior return,

3. Discipline: execution of strategies backed by solid analysis and entry/exit planning.





Today in Energy

EIA logo

Short, timely articles with graphics on energy facts, issues, and trends.

1 - Eleven states generated electricity from nonhydro renewables at double U.S. average
2 - Gulf Coast crude oil inventories reach record level
3 - Personal travel growth significantly influences projected transportation energy demand
4 - Twelve states produced 80% of U.S. wind power in 2013
5 - Liquefied natural gas shows potential as a freight locomotive fuel
1 - Eleven states generated electricity from nonhydro renewables at double U.S. average

About 6.2% of total U.S. electricity supplies in 2013 were generated from nonhydro renewable energy sources such as wind, solar, biomass, and geothermal, up from 5.4% in 2012. But 11 states produced electricity at more than twice the national average from these sources—accounting for between 14% and 32% of their net electric generation—according to preliminary 2013 generation data in EIA's Electric Power Monthly report.

4/18/2014 9:00:00 AM

2 - Gulf Coast crude oil inventories reach record level

Crude oil inventories on the U.S. Gulf Coast (USGC) reached 207.2 million barrels (bbl) on April 11, a record high. The elevated inventory levels are the result of the continuing strong crude oil production growth, the opening of TransCanada's Marketlink Pipeline, and a drop in crude oil inputs at USGC refineries as a result of seasonal maintenance.

4/17/2014 9:00:00 AM

3 - Personal travel growth significantly influences projected transportation energy demand

Personal travel, measured in light-duty vehicle miles traveled per licensed driver, reached 12,900 miles per year in 2007 and decreased to about 12,500 in 2012. This shift in travel behavior is important because it directly influences light-duty vehicle energy demand for transportation fuels such as gasoline and diesel.

4/16/2014 9:00:00 AM

4 - Twelve states produced 80% of U.S. wind power in 2013

In 2013, 12 states accounted for 80% of U.S. wind-generated electricity, according to preliminary generation data released in EIA's March Electric Power Monthly report. Texas was again the top wind power state with nearly 36 million megawatthours of electricity. Iowa was second, with more than 15 million MWh, followed by California, Oklahoma, Illinois, Kansas, Minnesota, Oregon, Colorado, Washington, North Dakota, and Wyoming.

4/15/2014 9:08:00 AM

5 - Liquefied natural gas shows potential as a freight locomotive fuel

EIA projects that liquefied natural gas (LNG) will play an increasing role in powering freight locomotives in coming years. Continued growth in domestic natural gas production and substantially lower natural gas prices compared to crude oil prices could result in significant cost savings for locomotives that use LNG as a fuel source, according to EIA's Annual Energy Outlook 2014 (AEO2014).

4/14/2014 9:04:00 AM


 

Oil and Gas

Latest news on oil prices, fracking, drilling, refining, and processing for gas.

4/3/2014 3:26:00 PM

1 - National energy boom blurs political battle lines
2 - Delay won't quell 2014 wrangling over Keystone XL
3 - UPDATE 5-U.S. further delays final decision on Keystone XL pipeline
4 - Railroad says it's committed to hauling fertilizer
5 - Keystone pipeline decision delayed
6 - US puts off decision on Keystone XL pipeline
7 - Brazilian tycoon Batista investigated for financial crimes -reports
8 - UPDATE 1-U.S. to extend Keystone XL comment period, delaying decision -sources
9 - General Electric predicts healthy China growth
10 - UPDATE 1-PetroChina hikes shale gas spending to more than $1.6 bln -sources
11 - INSIGHT-Compensation battle rages four years after BP's U.S. oil spill
12 - UPDATE 1-Turkey to seek discount in Russian gas price - minister
13 - As opposition grows, China defends plans for petrochemical plants
14 - The robot is ready - so when will deep sea mining start?
15 - Cramer wishes CNBC a Happy 25th birthday!
16 - Apache CEO, Vermont activist build alliance on climate issues
17 - UPDATE 10-Brent oil falls as Ukraine, Russia seek to end violence
18 - Commodities tomorrow: Gold under $1,300
19 - UPDATE 4-Schlumberger & Baker Hughes results point to improving North America
20 - Coffee surges on renewed concern about crop
21 - Kudlow: Raise dollar, will knock oil down
22 - INTERVIEW-Brazil's Campos targets taxes, Petrobras to boost economy
23 - UPDATE 9-Brent falls as Ukraine, Russia seek to end violence
24 - PREVIEW-Energy sector to drive Canada first-quarter profit gains
25 - Ex BP-employee settles US insider-trading charges
26 - UPDATE 8-Brent, U.S. oil rise as Ukraine tensions mount
27 - UPDATE 3-Schlumberger, Baker Hughes results point to improving N.America
28 - Green UK lawmaker cleared over fracking protest
29 - Argentina forced by ailing economy to change populist policies
30 - Minnesota Pipe Line seeks to expand capacity
1 - National energy boom blurs political battle lines

Democrats are split between environmentalists and business and labor groups, with the proposed Canada- to- Texas oil pipeline a major wedge.

4/19/2014 8:52:00 AM

2 - Delay won't quell 2014 wrangling over Keystone XL

An indefinite extension of the government's review of the contentious oil pipeline, announced late Friday by the State Department, almost certainly pushes a final decision past the November elections, keeping the project in a politically expedient holding pattern.

4/19/2014 12:12:00 AM

3 - UPDATE 5-U.S. further delays final decision on Keystone XL pipeline

President Barack Obama has said he will have the final say on whether to allow the pipeline connecting Canada's oil sands region to Texas refiners, and several government agencies had been given until May to weigh in.

4/18/2014 6:59:00 PM

4 - Railroad says it's committed to hauling fertilizer

BISMARCK, N.D.— Canadian Pacific Railway told a federal oversight board Friday that moving fertilizer for spring planting does not present a "significant challenge" for the railroad.

4/18/2014 3:09:00 PM

5 - Keystone pipeline decision delayed

An extension for the government comment period will probably postpone a final decision until after the November elections.

4/18/2014 3:04:00 PM

6 - US puts off decision on Keystone XL pipeline

In a surprise announcement Friday as Washington was winding down for Easter, the State Department said federal agencies will have more time to weigh in on the politically fraught decision— but declined to say how much longer.

4/18/2014 2:48:00 PM

7 - Brazilian tycoon Batista investigated for financial crimes -reports

RIO DE JANEIRO, April 18- Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.

4/18/2014 2:04:00 PM

8 - UPDATE 1-U.S. to extend Keystone XL comment period, delaying decision -sources

WASHINGTON, April 18- The U.S. State Department will on Friday extend the government comment period on the Keystone XL pipeline, said sources familiar with the plans, likely postponing a final decision on the controversial project until after the Nov. 4 midterm elections.

4/18/2014 2:00:00 PM

9 - General Electric predicts healthy China growth

General Electric expects healthy growth in China this year, despite mounting concerns about the economy, its CFO said.

4/18/2014 12:03:00 PM

10 - UPDATE 1-PetroChina hikes shale gas spending to more than $1.6 bln -sources

*PetroChina to triple spending from $500 mln past few years. BEIJING, April 18- Chinese state energy giant PetroChina plans to spend more than 10 billion yuan on shale gas this year, sources with knowledge of the matter said, as domestic competition heats up after rival Sinopec announced a commercial find.

4/18/2014 7:09:00 AM

11 - INSIGHT-Compensation battle rages four years after BP's U.S. oil spill

*BP pays billions in compensation but some claims still unpaid. April 18- Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.

4/18/2014 6:03:00 AM

12 - UPDATE 1-Turkey to seek discount in Russian gas price - minister

ANKARA, April 18- Turkey will seek a discount in the price of gas it buys from Russia in talks with the deputy head of state-controlled Gazprom next week when he visits Ankara, Turkey's energy minister said on Friday.

4/18/2014 4:33:00 AM

13 - As opposition grows, China defends plans for petrochemical plants

BEIJING, April 18- China has launched an intense media campaign to defend the safety of producing a chemical used to make polyester fibre, as public opposition to new petrochemical plants threatens to disrupt expansion plans by state energy giants such as Sinopec Corp..

4/18/2014 3:34:00 AM

14 - The robot is ready - so when will deep sea mining start?

*Canadian company ready to mine off Papua New Guinea. NEWCASTLE, England/ LONDON, April 18- The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea- when a wrangle over terms is solved. The world waits for the judgement of a United Nations agency based in Jamaica.

4/18/2014 3:30:00 AM

15 - Cramer wishes CNBC a Happy 25th birthday!

Mad Money's Jim Cramer reflects on CNBC's evolution over the past 25 years.

4/17/2014 6:40:00 PM

16 - Apache CEO, Vermont activist build alliance on climate issues

NEW YORK, April 17- Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. These draw representatives from mainstream investment firms like T. Rowe Price, Gabelli& Co and Morgan Stanley& Co..

4/17/2014 5:43:00 PM

17 - UPDATE 10-Brent oil falls as Ukraine, Russia seek to end violence

*U.S., Russia, Ukraine and EU issue joint statement. LOS ANGELES, April 17- Brent crude oil fell on Thursday, stalling below $100 a barrel after the United States, Russia, Ukraine and the European Union jointly called for an end to the violence in Ukraine, taking some risk premium out of the market, while U.S. oil rose on positive economic data.

4/17/2014 4:01:00 PM

18 - Commodities tomorrow: Gold under $1,300

CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.

4/17/2014 4:00:00 PM

19 - UPDATE 4-Schlumberger & Baker Hughes results point to improving North America

April 17- Oilfield services providers Schlumberger Ltd and Baker Hughes Inc each posted better-than-expected quarterly profit on Thursday, though they said pockets of weakness loom in Brazil, Canada, Russia and other drilling regions.

4/17/2014 3:43:00 PM

20 - Coffee surges on renewed concern about crop

Coffee for July delivery jumped 15.25 cents, or 8.1 percent, to $2.04 per pound. Brazil is the world's largest coffee producer, accounting for about a third of global production, according to the International Coffee Organization. Coffee in Brazil isn't harvested until June.

4/17/2014 3:19:00 PM

21 - Kudlow: Raise dollar, will knock oil down

American oil companies are telling our U.S. state department they don't want a full-scale financial sanctions war, explains CNBC's Larry Kudlow. He makes the case for raising the value of the U.S. Dollar by 15 percent which he says will kill the price of oil.

4/17/2014 2:18:00 PM

22 - INTERVIEW-Brazil's Campos targets taxes, Petrobras to boost economy

SAO PAULO, April 17- Eduardo Campos, the centrist former state governor running third in Brazil's presidential race, plans to lower the tax burden and set a formula to automatically raise fuel prices at state-run oil company Petrobras if he wins the October election.

4/17/2014 2:01:00 PM

23 - UPDATE 9-Brent falls as Ukraine, Russia seek to end violence

*U.S., Russia, Ukraine and EU issue joint statement. LOS ANGELES, April 17- Brent crude oil fell on Thursday after the United States, Russia, Ukraine and the European Union joined to call for an end to the violence in Ukraine, taking some risk premium out of the market, while U.S. oil rose on positive economic data.

4/17/2014 1:53:00 PM

24 - PREVIEW-Energy sector to drive Canada first-quarter profit gains

Gold in particular has fallen from more than $1,500 an ounce in early 2013 to briefly below $1,200 at the start of this year. "We're not expecting miraculous numbers," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver.

4/17/2014 1:40:00 PM

25 - Ex BP-employee settles US insider-trading charges

WASHINGTON— A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in BP stock.

4/17/2014 1:22:00 PM

26 - UPDATE 8-Brent, U.S. oil rise as Ukraine tensions mount

LOS ANGELES, April 17- Brent crude oil climbed above $110 a barrel on Thursday as rising tensions in Ukraine raised fears of potential supply disruptions from Russia. With Russian troops massed on the border with Ukraine and three separatists killed overnight in eastern Ukraine, prospects of defusing the crisis at talks in Geneva appeared slim.

4/17/2014 11:53:00 AM

27 - UPDATE 3-Schlumberger, Baker Hughes results point to improving N.America

*Schlumberger first-quarter profit $1.21/ share vs est. *Baker Hughes first-quarter adjusted profit $0.84/ shr est. April 17- Oilfield services companies Schlumberger Ltd and Baker Hughes Inc reported better-than-expected quarterly profits and signaled an improvement in the North American market, driven by increased drilling in the Gulf of Mexico.

4/17/2014 11:47:00 AM

28 - Green UK lawmaker cleared over fracking protest

LONDON— Britain's only Green Party lawmaker has been acquitted of charges stemming from her participation in a protest against shale gas extraction. Caroline Lucas was arrested in August after she and other demonstrators linked arms outside a fracking site near the southern English village of Balcombe.

4/17/2014 10:46:00 AM

29 - Argentina forced by ailing economy to change populist policies

BUENOS AIRES, April 17- Argentine President Cristina Fernandez is reversing some of the populist policies that defined her first six years in power and will have little choice but to stick to the new, more pragmatic path over the remaining 20 months of her final term.

4/17/2014 10:20:00 AM

30 - Minnesota Pipe Line seeks to expand capacity

MINNEAPOLIS— Minnesota Pipe Line Co. announced plans Thursday to nearly double the capacity of a crude oil pipeline that carries oil from Canada and North Dakota to the two refineries in the Twin Cities that produce most of Minnesota's and much of Wisconsin's transportation fuels.

4/17/2014 10:13:00 AM