Wednesday, January 9, 2013

Random Look At The Market

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read hear.

CLR continues to hold onto gains made yesterday.

Although OAS is down a bit today, it has held up very, very well. (I haven't checked in on Oasis for about four weeks; I am blown away that OAS has held up this well despite some headwinds.)

KOG up a bit today, but certainly nothing to suggest any "big" news coming out of KOG this week.

ENB down a bit at the opening, as is GLP.

TransCanada has just hit a new 52-week high and pays 3.7%. News? TransCanada will build a $5 billion NGL pipeline to Pacific Coast:
TransCanada Corp., builder of the Keystone XL oil pipeline, agreed to build and operate a C$5 billion ($5.1 billion) natural-gas conduit to Petroliam Nasional Bhd’s proposed export terminal in British Columbia.
The Prince Rupert Gas Transmission project has a proposed initial capacity of 2 billion cubic feet a day from the Montney region to the proposed liquefied natural gas terminal in Port Edward, British Columbia, TransCanada said today in a statement. The pipeline may begin operation in 2018.
BRK, the railroad company, has pulled back slightly from almost hitting a new 52-week high.

EEP and EPD are both up a tad.

Except for XOM, all the majors are up a bit.

Did Halcon Resources "change" its name? It shows up as "Halc" at Yahoo!Finance. Will have to check in later on that.

4 comments:

  1. Bruce, I hope you will do an analysis of the Hamlet field. I tried but to no avail. I see there are multiple wells all over the area. Just got word there are now 3 Milton wells to go along with the 16 Hamlet and Salo wells.

    It seems that so many of the single wells drilled a few years ago are now becoming multiple wells.

    This is very good for ND environment and all the things you mentioned. I finally looked at the confidential well list and noticed so many of the companies are doing multiple wells from just a few pads. No wonder the rig count is down.
    Dennis

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    1. Dennis,

      It looks like you are ahead of the curve, farther ahead of me on the Hamlet, but I will see what I can do. Thank you for all the kind words. It's a slow day, so maybe I will get to the Hamlet.

      Two years ago I never would have guessed the enthusiasm for Divide County; you saw the story no doubt posted earlier this morning about Hunt getting ready to go into the Crosby area in a huge way.

      Delete
  2. No name change.


    anon 1

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    Replies
    1. Thank you; it must just be a "temporary" Yahoo thing.

      Delete