Saudi Arabia: Without question, the top energy and market story over the weekend had to do with all the deals being announced in/with Saudi Arabia as a result of President Trump's visit there.
Norway: reports production decline, Norwegian Continental Shelf, month-over month (April vs March).
BRK: Barron's has a great article on Warren Buffett / Berkshire Hathaway in the May 22, 2017, issue. This is what caught my eye (business, 2016 net billion revenue, 2016 net income, % of latter):
- Berkshire Hathaway Energy: $17.9 -- $2.3 -- 12.85%
- BNSF: $19.8 -- $3.6 -- 18.18%
- Geico: $25.5 -- 0.5 -- 1.96%
- Manufacturing, service, and retailing: $120.1 -- 5.6 -- 4.66%
Highs: new 52-week highs -- BAX, XLNX.
Cash flow. My understanding is that once Tesla begins ramping up automobile production, it will take much more money to ramp up than what it has taken to get to where they are today. Here's someone's synopsis of Tesla's cash flow over the past three years: