RBN Energy: a new, more competitive era for LNG shipping.
I'm shocked! Shocked! From The Wall Street Journal -- global oil supply grows on higher OPEC output despite deal. Cartel's crude production hit new 2017 high in July -- IEA.
The Market And Energy Page, T+203
Dividends! six energy stocks set to raise dividends as oil prices stabilize -- the story is a bit weak on specifics, but mentions these companies, some of them simply in passing. Take this article with a grain of salt. The six companies: XOM, COP, Marathon (MPC), ONEOK, WMB, and KMI.
Enerplus: not surprising, considering results in the Bakken. Enerplus posts a 2Q17 profit after reporting a loss a year earlier. Adjusted, EPS, 24 cents per share.
More restaurant closings: from Syracuse.com, data points --
- parent company, DineEquity: IHOP and Applebee's
- will close 160 locations
- originally only 40 - 60 Applebee's locations expected to close; now 105 - 135 locations
- IHOP: 20 - 25, up from the original 18 expected
- in another story, it was reported that although both will close locations, they will open some new locations, also
AAPL: shares took big hit yesterday when the Dow pulled back 250 points; today it's up a percent or two.
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Tea leaves: scrolling through energy news this morning, the tea leaves suggest --
- traders think the worst is over for oil
- oil companies can adjust to any oil price, as long as it remains stable; WTI seems to be stabilizing; seems to have a new floor -- $45, and the trend is up
- global storage inventories dropping albeit very, very slowly, but on a reasonable track
- "fast and fury" already "old news" -- except on CNN and MSNBC (neither of which are followed by investors)
- being ignored: the end of the US driving season is upon us