CVX melting up; solidly above $112 now, but COP and XOM down a bit. But, wow, PSX -- which has a connection with the Bakken -- is jumping today, up over 3%. Nice jump.
ENB: down but essentially flat, flirting with 52-week high.
CLR: up, but essentially flat
OAS: down, but essentially flat
KOG: down; but essentially flat, also
TPLM: down 1%
TRP: down, but essentially flat, and trading near its 52-week high; interesting in light of recent news coming out of the Canadian oil sands
Delta: hit a new 52-week high; see an earlier MDW post regarding Delta
BRK-B: down, but around its 52-week high
UNP: up a bit; flirting with 52-week high
SRE: flat, down a bit, but wow, the "MAX" chart looks incredible
MDU: flat, down a bit
Nothing jumps out at me, except a) PSX action today; b) SRE appreciation over the years.
Oh, one other thing: with all the talk about the oil sands shutting down, all things being equal, this should be good news for the Bakken.
Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here. I generally look at companies that interest me for a variety of reasons. I hold shares in some of the companies listed above, and have no plans to buy or sell any shares in the next 10 days or so.
Bruce,
ReplyDeleteThanks for the update on the Hamlet field. I commented on the field a few weeks ago. We are mineral owner and are keep updated by the land man in that area. Check the 14 wells in 159-96-sec 2-11 and160-96-sec
26-35. This is the 2580 acre field that are the Hamlet-Salo wells. Our land man even told us CLR may put even more wells in the spacing. They may also continue to expand the Milton and Rosenquist from 3 wells to 8-14. I appreciate your updates.
Dennis
Thank you. I completely missed that: this, too, was 2560-acre spacing. And, again, a horizontal going north into two sections, mineral rights owners in the southern two sections will share in royalties.
DeleteAnother example of why I did the poll a long time asking whether folks preferred smaller spacing units, or larger spacing units.