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30-second sound bite: oil continues to slide toward the $100 support.
Bakken operators are significantly outperforming the majors. Sweet. In early trading, the market surges despite the impending government default. We all know the fix is in. [In the bracket, after market close. Oil recovered; up $1.04 for the day; I guess even oil traders were happy to see government getting back on track.]
KOG trading at a new high, up over 2%. I used to consider KOG the
bellwether stock to track the Bakken. About a month ago (sometime in
September, 2013), I began re-thinking this. I now consider HK the
bellwether stock to track the Bakken. [Closes up 2.1%; new high, $13.10.]
HK is up about 3%; about $5.27. [Closes up over 4%.]
Oasis remains on a tear, up over 2.2%; up another dollar. [Closes up 3.2%; new high.]
WLL is up 2.35%; reaching a new 52-week high. [Closes up 2.58%; new high.]
CLR is up over 2%; trading at a new high. [Closes up over 3%; new high.]
CVX, COP, XOM: CVX is up 1%; COP is up 1.2% and trading at a new high; XOM is up but not quite as much. Both CVX and XOM are well off their highs.
EOG is up less than a percent; well off its 52-week high. [Closes up almost 1.3%; new high.]
CHK is up almost 2%; back near its 52-week high. [Closes up almost 4%; new high.
SD is up another 1.4%; breaking out of a trading range, but below its 52-week high. [Closes up 2.8%.]
AMZG is fourteen cents over a nice entry point of $2.00. [Some profit taking? Back down to $2.09.]
TPLM is up almost 3%; near its 52-week high. [On a tear; up 5%; new high.]
UNP is in its trading range well below its 52-week high. But, along with the rest of the market, is up today.
I don't follow BNSF (BRK) much any more; BRK follows the market in general.
ENB, EEP are both in a trading range, well below their highs.
SRE seems to have broken out of its slump -- up 1.5% today; about $2 below its high.
TransCanada is up slightly; well off its high.
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