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Wednesday, September 4, 2013

Around The Horn: The Market Takes A Surprsing Turn; Oil Drop A Dollar; I Guess Syria Over Sold; Natural Gas Story? COP Just Hit A 52-Week High

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. 

KOG flat. But something changed. They show the range with a top of $10.10. Yesterday the range had a top of $10.22.  optionsMonster says data suggests more gains for KOG.

Oasis continues to struggle.

CVX and XOM up slightly; COP with a 1% gain. COP hit a 52-week high. But not because of natural gas play; because court ruled Venezuela will need to pay COP for "illegal" nationalization some years ago (2007).

EOG up slightly.

CHK is down a nickel.

SD up slightly; SD continues its nice run.

HK flat/maybe up a penny; TPLM up about 1.5% -- very nice move. 

UNP up a $1.13, almost a percent.

I don't follow BNSF (BRK) much any more; BRK follows the market in general.

ENB, EEP mixed; one up, one down. Often seen.

SRE struggles; someone noted that SRE now pays > 3%.  TransCanada up slightly.

Market surprised me -- a quick move to the upside, and oil dropping a dollar. I guess after five days of speeches, and "I didn't set a red line personally" traders are getting tired of Syria. Ready to move on to the next crisis du jour.

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