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.

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