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Wednesday, October 16, 2013

Around The Horn -- The 16th Day Of The Government Shutdown

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. 

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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