So Much For That Sell-Off -- The Market And Energy Page, T+214 -- August 22, 2017

Updates

Later, 9:21 p.m. Central Time: this was posted earlier but with mentioning Sempra below, I thought I would bring this Sempra post up here for the archives:

Sempra said to have the inside track for Oncor; $9.3 billion. Let's see if Warren refuses to get into a bidding war; he said his $9 billion offer was as high as he would go.  Reuters wonders. A contributor over at SeekingAlpha explains how Sempra and Oncor are a good fit.

Original Post

FWIW: the Spratley wells have been updated; many went from loc to drl. Several DUCs. The original Spratley well is pushing toward 500,00 bbls.

• 19946, 1,474, Oasis, Spratley 5494 34-13H, Alkali Creek, cased hole, 4.4 million lbs (sand + ceramic), t10/11; cum 491K 6/17; still producing at 3,000 bbls/month (6/17)

Trump rally. CNBC was quick to put the blame on Trump when the market "fell" on Friday. CNBC has not been so fast to give any credit to Trump for the rally since November 9, 2016. Even today, I don't think anyone on CNBC gave any credit to Trump after his remarkable speech last night, the speech in which he said "we were in it to win." No red lines; no time lines. Simply in it to win.

The close: the market (Dow 30) was up 200 points just before the close. Whether it holds or not ... it looks like we are just shy --- about 197 points.

Blue Apron: "temporary" hiring freeze. For whatever reason, of the 100s of thousands of public companies out there, CNBC seems fixated on Blue Apron. Whatever.

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There's Growth And Then There's Growth

Take a look at this graph. It's a bit hard to say for sure, but it appears that the pink - dark pink -light red "areas" of the graph have shown the most growth between 2010 and 2016.

The greatest growth seems to be in northwest Mexico and perhaps all along the north. This would be the border area, of course, and the northwest would be along Arizona and California, west of Texas.

One has to ask: if this is accurate, is there a reason? My first question would be where is trade between the states and Mexico taking place and/or where it is easiest to move back and forth across the border?

Whether it can be backed with statistics or not, I don't know, but the "word on the street" seems to be that it is getting increasingly difficult to cross the border into Texas, and relatively easier to cross into California and Arizona. California has gone so far as to encourage sanctuary cities (and all that follows); Texas has taken the opposite path.

Regardless of how that plays out or if it's even accurate, the first thing I thought of when I saw the graph: Sempra.

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