The Market, Energy, And Political Page, T+42 -- The Sky Is Falling, The Sky Is Falling -- September 24, 2018

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Title : The Market, Energy, And Political Page, T+42 -- The Sky Is Falling, The Sky Is Falling -- September 24, 2018
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The Market, Energy, And Political Page, T+42 -- The Sky Is Falling, The Sky Is Falling -- September 24, 2018

WTI: $72.06.


OPEC, "friends of OPEC": no hike in production; let them eat cake (or rather, let them build slicers, dicers, and fryers)

Curious price divergence: Iranian sanctions results in shortage of "right-type" of oil from the Mideast, but it's Brent that is rising in price. Note:
  • WTI: up 1.81%
  • Brent: up 2.28%
  • but, OPEC basket: up 0.09% (flat)
  • no one gets it, it appears; I certainly don't.
Panic: shipping lobby starts to panic. Wants phased start to 2020 fuel change. Now we know it's serious.

Panic in Oklahoma: stockpiles at a key pipeline nexus in Oklahoma are shrinking so fast that fears are growing that some tanks may bottom out.

Big story on Wall Street: Comcast wins bid for Sky. $40 billion bid (will eventually go higher). Sky share price soars 8.5%. CMCSA sinks.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, relationship, cable TV/Dish decisions based on what you read here or think you may have read here.

Putting the Bakken into perspective: Pemex signs landmark deal. Link here.
  • "landmark deal"
  • "world class oil discovery"
  • 1.2 to 1.8 billion bbls OOIP (as I read it)
  • 400 - 800 million bbls of oil
  • "world class oil discovery"
  • the Bakken produces 475 million bbls/year
  • the Bakken: 500 billion bbls OOIP 
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The Market

The Dow (irrelevant):
  • overnight utures: down 84 points
  • two hours, pre-market opening: CNBC -- it's all about the Chinese trade war; wait, it's the Comcast deal
  • one hour, pre-market trading: down 27 points
Pre-market, selected stocks:
  • RDS-B: up 1.6%
  • COP: flat
  • CVX: up almost 1%
  • BRK-B: down, but practically flat
  • UNP: flat
  • TSLA: down, but practically flat
  • SRE: flat
  • CMCSA: down 3.4%, oh-oh
  • T: up 1%






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