Tuesday, April 30, 2019

CVX -OXY - APC -- The Saga Continues -- April 30, 2019

This is absolutely fascinating to follow. After it was revealed that OXY sought and received support from Warren Buffett in the former's goal to buy Anadarko:
  • OXY: down a whopping 2.89%; losing almost $1.75; trading at $58.30
  • CVX: up a whopping 3.22%; adding $3.79 to its under-value value; now trading at $121.51
WTI is up slightly today, so one can argue that the change in OXY / CVX share price is due completely to the Warren Buffett story. Apparently investors would like CVX  and OXY to stay away from Anadarko, which is not uncommon.

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Perhaps this explains why SRE has been "down" the last couple of days.
  • McDermott says initial production from the second and third liquefaction trains at Sempra Energy's Cameron LNG export terminal is expected in 2020, months later than previously expected.
  • LNG startup from trains 2 and 3 at Cameron is now set for Q1 2020 2020 and Q2 2020, respectively, MDR CFO Stuart Spence said on yesterday's earnings conference call.
  • SRE said as recently as February that it hoped to have all three trains at the Louisiana facility operational by the end of this year.
  • Production from Train 1 is expected to begin within weeks, and eventually the terminal will be ready to ship cargoes.

AAPL: reports after market close today .

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