Monday, February 27, 2017

The Energy And Market Page, T+38 -- February 27, 2017

The Bakken:  not dead yet -- Mike Filloon over at SeekingAlpha Will follow at stand-alone post.


The Market

That's a wrap: twelfth (12th) consecutive day of record-setting closes; breaks 30-year record. I believe one more day and it's an all-time record.

Trump speech to the governors: during the speech the market went from a -40 to a positive 10 points. Now about 5 points into the green. 

Opening: after eleven consecutive days of record-setting Dow, the market crashes at the opening -- down 12 points. -- Alt-left headline.

WTI: up 43 cents, and now at $54.43. The tea leaves suggest we could see pretty significant move on oil.

Stone Energy incurs wider-than-expected losses in 4Q16.


  1. Nothing says the economy should take off like that graph, interesting times.

    1. Yes, it's an incredible graph, isn't it? One wonders if the Canadian "imports" is actually too optimistic in the out-years -- I could see Canadian pipeline imports dropping to zero with all the Marcellus/Utica and now the Permian production.