Updates
Later, 1:49 p.m. CT: see first comment with regard to rig count.
Original Post
The number of Americans filing new claims for unemployment benefits fell last week, pointing to
an improving labor market.
Data points
- initial claims dropped by 17,000 to seasonally adjusted 297,000;
- analysts had expected a drop to 295,000
- four-week average increased by 4,750 to 299,000
Natural gas fill:
- The number this week: -22 (a dynamic link).
Active rigs in North Dakota:
RBN Energy: update on propane situation in US. This is a must-read; includes a map of five new CHS terminals in North Dakota, Minnesota, and Wisconsin.
When I saw the Enbridge dividend news, I thought I needed to check in on Enbridge, something I have (had?) not done in quite some time.
Dividend increase: 33%. Link here.
Moving assets, restructuring. Link here. Also here.
Enbridge acquires interest in E.ON's wind portfolio. Link here. Press release here. Earlier story on E.ON at the blog here.
12/4/2014 | 12/04/2013 | 12/04/2012 | 12/04/2011 | 12/04/2010 | |
---|---|---|---|---|---|
Active Rigs | 191 | 192 | 181 | 199 | 164 |
RBN Energy: update on propane situation in US. This is a must-read; includes a map of five new CHS terminals in North Dakota, Minnesota, and Wisconsin.
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Update On Enbridge
Shares Pop Almost 12%; Surge Almost $6/Share
When I saw the Enbridge dividend news, I thought I needed to check in on Enbridge, something I have (had?) not done in quite some time.
Dividend increase: 33%. Link here.
Moving assets, restructuring. Link here. Also here.
Enbridge acquires interest in E.ON's wind portfolio. Link here. Press release here. Earlier story on E.ON at the blog here.
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More On E.ON
DW/DE is reporting:More On E.ON
Germany's largest power supplier E.ON is quitting conventional energy to focus entirely on renewables. The overhaul comes amid mounting debt and as Germany gears up to phase out nuclear energy by 2022.
The energy giant announced plans to spin off its nuclear, oil, coal and gas operations - a move that will include selling its businesses in Spain and Portugal to Australian investment firm Macquarie for 2.5 billion euros ($ 3.11 billion).
"We are convinced that it's necessary to respond to dramatically altered global energy markets," the company's CEO Johannes Teyssen said in a statement late Sunday.
European energy suppliers are experiencing a price slump on the wholesale electricity market, and as E.ON braces for impairment charges of 4.5 billion euros on its operations in southern Europe in the fourth quarter of 2014. The company is already struggling with massive debts.
The only problem with the rig count being up one is that it went up because a rig was listed twice. Right now there are three rigs listed twice
ReplyDeleteThank you; that will help explain when the number drops back into the 180's.
DeleteThis problem has been discussed many times.