I see that oil is back in the green later in the trading day.
And the energy stocks are doing very well. The majors are hitting new highs, or flirting with new highs.
CNP hit a new high; SRE up almost a buck, near its previous high.
Some riding the coattails of ONEOK, I assume.
ONEOK up an incredible 21% -- up over $9 on a $45 stock. Is this all about the Bakken? Is that the real story line? The Bakken is the gift that keeps on giving. I was introduced to ONEOK when it started building all those natural gas gathering and processing plants in McKenzie and Williams counties. This is not rocket science. Bloomberg has an article on the spin-off, reported earlier.
Disclaimer: This is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.
The refiner, PSX, is up.
Enbridge, other pipelines, also up. EPD down a bit (half a percent).
The railroads, UNP and BRK-B, diverge. UNP is down (very, very slightly; essentially flat); BRK-B is up about half a percent.
So much to look at, so little time. Good luck to everyone.
I'm still traveling; limited time in cyber cafes as I cross the country.
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