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Title : The Market, Energy, Political, And Fake News Page, T+70 -- August 9, 2018
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The Market, Energy, Political, And Fake News Page, T+70 -- August 9, 2018

Regardless of where the trade war stands on T+75, I plan to move on after that date. We'll have to see what the president tweets on Day 75 of the trade war. Right now I'm leaning toward "T+1 on Iran sanctions."

From CNM today:

Now, back to the market.

Disclaimer: this is not an investment site.

Wow, I'm in a good mood.

WTI: for investors, we are still well above the sweet spot. The sweet spot for me, is around $55-WTI. That's low enough to prevent any adverse effect on the overall economy, and the oil companies will do just fine. At $66-WTI, the oil companies should be doing very, very well, and the economy should do just fine. Saudi Arabia will pretty much implode if they can't get oil above current price point.

WTI: the consensus on the street suggests that oil will trend higher, although I have a bit of trouble thinking it will trend much higher than its recent highs.

Ticker symbols:

• AAPL: hit a new high today. And it wasn't subtle: up over 1%; up for $2.25/share. Wow. Who wudda guessed? I was thinking that by now folks would be taking profits. My hunch: before the year is out, talk of a dividend increase will crescendo.
• BRK-B: up slightly; nothing to write home about but going in the right direction.
• NOG: nimble traders -- which I'm not -- could have done well on NOG today. It dropped almost ten percent shortly after the opening, trading below $3.00/share, but recovered, and is now down less than 5%, trading at $3.16. Had one bought 10,000 shares of NOG at $2.98 ($29,800) and then sold at $3.15, a nice gain of $1,700 in about one hour. Again, remember, this is not an investment site. 
• ENB: up 1%; earlier this week it was reported that Enbridge would be bringing on-line $7 billion worth of projects by the end of the year
• EEP: up 2%
• EPD: up slightly less than 1%; also, the July, 2018, distribution was a bit higher than the July, 2017, distribution
• KMI: up a bit less than 1%
• TRP (the Keystone XL; the Trans Mountain folks): up over 1%; could "charge" Canada 26% more to complete the Trans Mountain project, and Canada really has no choice but to pay whatever it takes at this point
• SRE: up slightly
• S: up half a percent
• COP is up 1% but CVX is down a bit

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