Deloitte's Analysis of CAPEX For Oil And Gas Sector -- August 22, 2016

A reader sends a link to a Deloitte presentation on the capital (CAPEX) needs for the oil and gas sector going forward. Well worth taking a look. I'll have to go back and compare their findings with my musings of a few days ago. I think "we" are all on the same page with regard to the "big picture." It's now just a matter of tweaking, a) the time frame; and, b) the pricing.

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The Market

The market is a bit schizoid today; can't seem to make up its mind. Too much Janet Yellen talk? Maybe. At worse, it's "one and done" but the market is certainly obsessed by the Fed.

Closing. It looks like the market may close slightly in the red. Waiting the announcement from the Oracle at the Fed. NYSE:

• new highs: 120; add Domino's Pizza (and it's not even NFL season yet); XLNX (not on the NYSE, a big whoop);
• new lows: 11

Mid-day trading.  The market is back on the positive side, but barely; up 5 points. NYSE:

• new highs: 102, including Deere; Edwards Lifesciences (a huge whoop); Baxter may not be trading at a new high, but it sure is close (a huge whoop)
• new lows: 10