Pages

Wednesday, September 7, 2016

NASDAQ Notched Another All-Time Closing High; Normal Butane Exports This Winter -- RBN Energy -- September 7, 2016

Big story today: the Apple Show -- begins at 12:00 noon today. I assume live streaming on Safari browsers. Macrumors will have full coverage.  Apple's online store is already down -- happens every time -- ahead of today's iPhone 7 "event."

Active rigs:


9/7/201609/07/201509/07/201409/07/201309/07/2012
Active Rigs3375196184191

RBN Energy: what will happen to normal butane exports during motor gasoline winter blending season?

Maybe this pipeline will be approved. Williams Partners seeks FERC consent for expansion project.
....seeking consent to build a 475,000 dekatherm per day (Dth/d) expansion in Texas and Louisiana. The expansion – Gulf Connector Project – will link the U.S. natural gas supplies with global liquefied natural gas markets.
..... two phases. The Gulf Connector Project is intended to provide 75,000 Dth/d to Freeport LNG Development, L.P.’s liquefaction project by the second half of 2018, while it will deliver 400,000 Dth/d to Cheniere Energy’s Corpus Christi liquefaction terminal in 2019.
Currently, both the liquefaction facilities are under construction. ... will commence in the third quarter of 2017 ... expected to come online during the second half of 2018.
Say not! A new pipeline in Minnesota? From the press release, data points:
  • MDU/WBI Energy
  • Valley Expansion Pipeline Project
  • eastern North Dakota and western Minnesota
  • will connect WBI Energy’s existing system near Mapleton, North Dakota, with the Viking Gas Transmission Company pipeline near Felton, Minnesota
  • 38 miles
  • 16-inch
  • 40 million cubic feet of natural gas / day
  • $55 to $60 million
  • construction to begin in 2018; to be in service by end of 2018
That $400 million payment to Iran for the four American hostages? It was a downpayment. The big payout occurred over the next 19 days: $1.3 billion payout. No links. Easy to find.

******************************
The Market

Closing: NASDAQ notched another all-time closing high
Stocks ended mixed but the Nasdaq notched another record closing high after Wednesday's big Apple event, in which the gadget maker unveiled the latest version of its popular iPhone.
The Nasdaq ended the day at 5283.93, up 0.2% or 8 points from its previous closing high set Tuesday.
Early afternoon: market is still down about 30 points, but we now have 196 issues on the NYSE hitting new highs. Only six issues trading at new lows. Several energy issues hitting new highs. 

At the open: fairly flat; down 11 points (Dow 30). Did SRE hold its gain? Yup, flat this morning. Did ENB hold its gain? Yup, actually up a bit this morning. EW and XLNX both down a bit, but essentially flat. NYSE --
  • new highs: 99 -- ONEOK (a big whoop); WPX (the saga continues)
  • new lows:  4 -- only 4

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.