Monday, October 14, 2013

Around The Horn -- 14th Day Of The Government Shutdown

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here. 

30-second sound bite: oil continues to slide toward the $100 support. Bakken operators are significantly outperforming the majors. Sweet. The market is extremely volatile today: futures were down as much as 128 points; during the day gradually clawed itself into the green.  This is a snapshot at noon. Things could be easily changed by the end of the day. [End of the day in brackets.]

KOG trading at a new high, up over 1%. I used to consider KOG the bellwether stock to track the Bakken. About a month ago (sometime in September, 2013), I began re-thinking this. I now consider HK the bellwether stock to track the Bakken. [Closes up 1.5%; new high, $12.77.]

HK is up about 1.4%; about $4.95. [Closes up almost 3% at $5.5.]

Oasis is trading at a new high, up over 2% today. [Closes up almost 4%, at new high.]

WLL is up 1.4%; near its 52-week high.

CLR is up a bit today; well off its 52-week high; has been on a tear past few weeks. [Closes up almost 1%; less than a buck off its all-time high.]

CVX, COP, XOM: CVX finally in the green; warned on 3Q13 earnings; COP up slightly, but trading at a new high; and XOM up slightly also.

EOG is up slightly; near its 52-week high. [Closes up over 1.1%; trades at a new high.]

CHK is down slightly; about a buck below its 52-week high.

SD is down about one-half percent; in a trading range.

AMZG is ten cents over a nice entry point of $2.00. [Closes at $2.12.]

TPLM is up about 2%; near its 52-week high. [Dropped back at close; up about 1.1% for the day.]

UNP is in its trading range well below its 52-week high. Down slightly today.

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

ENB, EEP are both in a trading range, well below their highs.

SRE continues to struggle. But paying 3%. I wonder if the Mexican economy can be seen as a proxy for SRE's prospects? Down about a percent today. [Closes half-a-percent today.]

TransCanada is down slightly; well below its high.

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