Around The Horn; Very Early Morning Trading

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. 

Oops, KOG does it again. KOG hits a new high ($10.85).

Oasis up nicely; flirting with a new high.

CVX, COP, XOM: all up slightly.

EOG up nicely again.

CHK is up, flirting wit new highs; but SD is down slightly, essentially flat. Re: CHK --

Thursday, September 5, will most likely go down as one of the worst days in the history of Chesapeake Energy. Why is that, you ask? According to Jacqueline Sahagian, "Chesapeake is being forced to give up a substantial chunk of land in New York, as the state doesn't look like it will lift its existing ban on hydraulic fracturing anytime soon and the company must also pay a $7.5 million settlement to Pennsylvania landowners who accused the company of making illegal deductions from their royalty payments". In the wake of Thursday's news, I wanted to take a closer look at Chesapeake and highlight a number of additional catalysts that I think could be beneficial to any investment related decision regarding shares of the company's stock. [Later, September 10, 2013: Rigzone is reporting that CHK "terminates" 13,000 acres in New York State.]

If in fact, we are entering a period of "global cooling," CHK should do well, and Warren Buffet with his COP will look like a genius, again (although I think he sold off a lot of his COP; I lost the bubble on that).

AMZG flat.

TPLM up 2%. HK flat/up a penny.

UNP up a bit. Zacks is reporting:

UNP recently introduced “Arrowedge,” an aerodynamic fuel and locomotive technology that reduces emissions from double-stack intermodal freight trains. With the latest technological development, the company expects to enhance fuel efficiency on its locomotives, ultimately resulting in improved costs.

Union Pacific currently holds two patents for this new technology in the U.S. and is awaiting additional patents in the U.S. and Canada. Over the near term, the company expects to utilize Arrowedge in its double-stack train service between Joliet, IL and Long Beach, CA.

Double-stack and double-track, I believe.

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

ENB, EEP both up slightly.

SRE down; TransCanada flat.