Wednesday, September 4, 2013

Around The Horn: The Market Takes A Surprsing Turn; Oil Drop A Dollar; I Guess Syria Over Sold; Natural Gas Story? COP Just Hit A 52-Week High

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KOG flat. But something changed. They show the range with a top of $10.10. Yesterday the range had a top of $10.22.  optionsMonster says data suggests more gains for KOG.

Oasis continues to struggle.

CVX and XOM up slightly; COP with a 1% gain. COP hit a 52-week high. But not because of natural gas play; because court ruled Venezuela will need to pay COP for "illegal" nationalization some years ago (2007).

EOG up slightly.

CHK is down a nickel.

SD up slightly; SD continues its nice run.

HK flat/maybe up a penny; TPLM up about 1.5% -- very nice move. 

UNP up a $1.13, almost a percent.

I don't follow BNSF (BRK) much any more; BRK follows the market in general.

ENB, EEP mixed; one up, one down. Often seen.

SRE struggles; someone noted that SRE now pays > 3%.  TransCanada up slightly.

Market surprised me -- a quick move to the upside, and oil dropping a dollar. I guess after five days of speeches, and "I didn't set a red line personally" traders are getting tired of Syria. Ready to move on to the next crisis du jour.

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