Active rigs: up to 182.
There is still a lot of news to report, but I am too excited after yesterday's market action, especially the effect it must have had on those shorting the market, to wait. So, here we go.
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.
Oil is really holding its own. Up almost $3.00 yesterday, it's only down 17 cent today. I would assume a lot of companies showing green on a day that the market is down slightly is due to shorts covering.
See comments after Halcon.
KOG up over 1%; new high ($11.55).
Oasis, also, a new high, but not up quite as much percentage-wise as KOG.
HK is up over 1%. I used to follow KOG as the bellwether for the Bakken (I personally don't own any KOG), but now, for the short term, HK is a better Bakken indicator in my mind.
CVX, COP, XOM: all up slightly; COP could hit a new high.
EOG did hit a new high.
CHK: flat, but it has had quite a run.
SD: actually up, surprisingly, over 2% gain.
TPLM: a new high. Sweet. Up over 2%.
UNP up almost a percent on a day that the market is trading a bit lower. Speaks well for the economy.
I don't follow BNSF (BRK) much any more; BRK follows the market in general.
ENB, EEP: both up strong today. Enbridge announced today it will sell 8 million preferred shares at $25/share (US dollar).
EPD: up almost 2%.
SRE flat but more red than green.
TransCanada: wow, up a percent.
CLR: trades at a new high.
WLL: trades at a new high.