For Investors Only

I'm traveling, so I can't predict when I will post again today.

Natural gas to $10? -- Gartman. I think Gartman is a bit "behind the 8-ball" as they say; now trying to catch up with the obvious.

WTI crude above $100/bbl for the 11th day -- Bloomberg. 

West Texas Intermediate crude traded above $100 a barrel for an 11th day on speculation that inventories at Cushing, Oklahoma, fell. The price of Brent rose.

WTI gained as much as 1.2 percent. Supplies at the delivery point for WTI futures probably slid for a fourth time last week, three analysts forecast, as the southern leg of TransCanada Corp.’s (TRP) Keystone XL pipeline moved oil to Texas. Prices also increased as the Standard & Poor’s 500 index reached a record. The Brent-WTI spread shrank to as narrow as $7.05 a barrel.

“We should see some further declines in Cushing inventories,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy.

“With the stock market charging higher, we are getting some overall support there. The rally is mostly spread-related.”

For investors only. Market opened strong, and oil is up slightly.

KOG already trading at new highs. [Mid-day trading: some of the Bakken operators are surging.]

Disclaimer: this is not an investment site. Don't make any investment decisions based on anything you read here or what you think you may have read here. I don't own any shares in KOG. I did at one time; I have no plans to reinvest in KOG. 

18 companies announce increased dividends or distributions, including previously announced ARII with a huge bump from 25 cents to 40 cents, plus additional announcements at original post.

Coca-Cola is also increasing its dividend.

Chesapeake Energy announces it is pursuing strategic alternatives for its Oilfield Services Division: Co announces that it is pursuing strategic alternatives for its oilfield services division, Chesapeake Oilfield Services, including a potential spin-off to Chesapeake shareholders or an outright sale. COS' operations are currently conducted through Chesapeake's wholly owned subsidiary, Chesapeake Oilfield Operating. COS had revenues in 2013 of ~$2.2 billion, and its service offerings include drilling, hydraulic fracturing, oilfield rentals, rig relocation, and fluid handling and disposal.

 SRE trading near all-time highs; MDU, also trading near all-time highs.

EOG should report earnings after market close today. Forecast: $1.94.