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