Jeffrey Currie ++

Latest positions

• JCJeffrey Currie ++Strongly bullish on financial-physical settled contracts Currie argues these contracts will become the most important marginal molecule in the global energy complex over the next decade. “will likely become the most important marginal molecule in the global energy complex over the next decade” Open the post Confirming the demand for Abaxx’s financial-phys… · 26 May
• JCJeffrey Currie ++Strongly bullish on gas Currie expects gas to entrench itself as the swing molecule, with a continued growth trajectory. “This growth trajectory is set to continue as gas entrenches itself as the swing molecule.” Open the post Confirming the demand for Abaxx’s financial-phys… · 26 May
• JCJeffrey Currie ++Strongly bullish on Abaxx Technologies Currie says demand for Abaxx's financial-physical settled contracts in global gas is confirmed and will keep growing. “Confirming the demand for Abaxx’s financial-physical settled contracts in global gas” Open the post Confirming the demand for Abaxx’s financial-phys… · 26 May
• JCJeffrey Currie ++Bullish on global energy complex Currie sees gas becoming the most important marginal molecule in the global energy complex over the next decade. “the most important marginal molecule in the global energy complex over the next decade” Open the post Confirming the demand for Abaxx’s financial-phys… · 26 May
• JCJeffrey Currie ++Bullish on Iran Iran's leverage grows as time passes and inventories fall, while the West's shrinks. “Iran's leverage increases with every day that passes and inventories decline, while it decreases for the West.” Open the post Five "deal" announcements, zero closed (yet). Th… · 25 May
• JCJeffrey Currie ++Bullish on oil Oil has become cheaper per unit of GDP but more irreplaceable in function, making it the rare earth of the macro system. “50 years of efficiency made oil cheaper per unit of GDP but more irreplaceable in function -- it is the rare earth of the macro system.” Open the post Five "deal" announcements, zero closed (yet). Th… · 25 May
• JCJeffrey Currie ++Strongly bullish on BCOM index A rolled BCOM index slopes hard up and to the right, consistent with the largest supply shock in history. “a rolled BCOM index, or the USO ETF — and the picture inverts: it slopes hard up and to the right” Open the post @robin_j_brooks your comments below reveal a pro… · 23 May
• JCJeffrey Currie ++Strongly bullish on USO ETF USO keeps climbing because the shortage shows up in the futures curve, with carry paying nearly 50% a year. “USO keeps climbing because the shortage is showing up in the futures curve” Open the post @robin_j_brooks your comments below reveal a pro… · 23 May
• JCJeffrey Currie ++Strongly against on Washington Washington mismanaged the SPR drawdown, spending strategic stocks first and managing headlines rather than risk. “this time Washington spent them first, managing headlines not risk” Open the post @robin_j_brooks your comments below reveal a pro… · 23 May
• JCJeffrey Currie ++Strongly bullish on oil There is a massive supply shortage in oil that will eventually force spot prices up to destroy demand. “When you have no crude in storage, THEN and only then will the spot price move to a level to destroy demand.” Open the post @robin_j_brooks your comments below reveal a pro… · 23 May
• JCJeffrey Currie ++Bearish on Brent The Brent headline price is a misleading proxy that inverts the real picture; it is not a risk anyone can hold. “The Brent price in your graph is not a risk anyone can actually hold — it's a spot contract stitched together at each expiry.” Open the post @robin_j_brooks your comments below reveal a pro… · 23 May
• JCJeffrey Currie ++Bearish on spot contract The spot contract is a stitched-together series that misrepresents the true market and is not holdable. “it's a spot contract stitched together at each expiry” Open the post @robin_j_brooks your comments below reveal a pro… · 23 May