Wednesday, January 16, 2013

Market -- Idle Chatter

CVX melting up; solidly above $112 now, but COP and XOM down a bit. But, wow, PSX -- which has a connection with the Bakken -- is jumping today, up over 3%. Nice jump.

ENB: down but essentially flat, flirting with 52-week high.

CLR: up, but essentially flat
OAS: down, but essentially flat
KOG: down; but essentially flat, also
TPLM: down 1%

TRP: down, but essentially flat, and trading near its 52-week high; interesting in light of recent news coming out of the Canadian oil sands

Delta: hit a new 52-week high; see an earlier MDW post regarding Delta
BRK-B: down, but around its 52-week high
UNP: up a bit; flirting with 52-week high

SRE: flat, down a bit, but wow, the "MAX" chart looks incredible
MDU: flat, down a bit

Nothing jumps out at me, except a) PSX action today; b) SRE appreciation over the years.

Oh, one other thing: with all the talk about the oil sands shutting down, all things being equal, this should be good news for the Bakken. 

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here. I generally look at companies that interest me for a variety of reasons. I hold shares in some of the companies listed above, and have no plans to buy or sell any shares in the next 10 days or so.

2 comments:

  1. Bruce,
    Thanks for the update on the Hamlet field. I commented on the field a few weeks ago. We are mineral owner and are keep updated by the land man in that area. Check the 14 wells in 159-96-sec 2-11 and160-96-sec
    26-35. This is the 2580 acre field that are the Hamlet-Salo wells. Our land man even told us CLR may put even more wells in the spacing. They may also continue to expand the Milton and Rosenquist from 3 wells to 8-14. I appreciate your updates.
    Dennis

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    1. Thank you. I completely missed that: this, too, was 2560-acre spacing. And, again, a horizontal going north into two sections, mineral rights owners in the southern two sections will share in royalties.

      Another example of why I did the poll a long time asking whether folks preferred smaller spacing units, or larger spacing units.

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