From oilprice.com, all in 24 hours:
Enerplus: quarterly profit beats expectations. 27 Canadian cents/share vs 17 Canadian cents/share. ERF shares up 7% today.
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Other News
Canadian Kinder Morgan's TransMountain: British Columbia backing down? It appears Alberta oil may, in fact, reach the west coast despite objections of "British Columbia."
Turkey becoming unhinged: Turkey's navy threatens to sink Eni drilling ship offshore Cyprus. Go ahead, do it. And kiss your aspirations to be a full member in the EU goodbye. Wow, what idiots. (Yes, I know there's a bit more to this. But not much.)
Wow, Mexico to emulate Venezuela? The front runner in the Mexican presidential election?
A "leftist" candidate who plans to "scrupulously review" his countries oil sector policies. Wants to discontinue crude oil exports to the US. Wow. From wiki:
As in the 2006 and 2012 elections, the 2018 campaign has featured numerous accusations and attack ads directed at the leftist frontrunner candidate Andrés Manuel López Obrador (AMLO), who will be contesting the elections with the support of his party MORENA ("Movimiento de Regeneración Nacional", "National Regeneration Movement").
A Red Scare-like campaign has been used by the PRI and PAN candidates to convince voters that an AMLO victory would turn Mexico into "another Venezuela". In a speech, PRI president Ochoa Reza stated that "if the people from MORENA like Venezuela so much, they should just go and live in there".The wall: come 2021, even the Californians will want that wall. See previous note above.
Oil imports from Mexico:
- 800,000 bopd: US imports from Mexico
- generally heavy to medium-light; sulfur content
- Isthmus: 21.8°.3.3% sulfur
- Maya: 33.4°; 1.35% sulfur
- Olmeca: 37.3°; 0.84% sulfur
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