GE-BHI update: from The Wall Street Journal. From Forbes. From Zeits. From Bloomberg. From CNBC. And Rigzone (GE, BHI "shrewd move" cold avert anti-trust issues). Slide presentation at SeekingAlpha. These are the words in the headlines and stories of the linked articles that regulators do not like to see:
- energy
- oil
- deals
- mega-deal
- energy powerhouse
- BHI-HAL
Rumor, unsubstantiated, and likely to be untrue: Standing Rock Reservation protesters are being encouraged to boycott Sears outlet stores that sell GE microwave ovens, and asking FBI Director Comey to look into why this deal was announced one week before the election. BHI is being given a pass due to its "peculiar" three-letter ticker.
OPEC: never mind. No cut. WTI this morning on that really, really surprising news: down $1.20 to less than $48.
The Permian: skyrocketing West Texas land prices have oilmen uneasy.
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Back to the Bakken
Active rigs:
10/31/2016 | 10/31/2015 | 10/31/2014 | 10/31/2013 | 10/31/2012 | |
---|---|---|---|---|---|
Active Rigs | 35 | 70 | 193 | 180 | 186 |
RBN Energy: supplying Mexico's growing natural gas demand, part 3.
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The Market
Mid-day trading: after opening a bit negative, now a bit positive; up about 20 points. NYSE:
new highs - 45: BHI (a big whoop);
new lows - 69: again, not good when the number of "new lows" outpace the number of "new highs"
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