CLR's Breakeven Drops Below $40; Top 5 Energy Deals Of 2016 -- Zacks

Continental Resources: may reach breakeven at under $40 oil. Over at SeekingAlpha:

Summary 

• Continental's oil breakeven point has been reduced to an estimated $38
• due to reduced operating costs and improved capital efficiency, combined with lowered base decline rates
• exit rate for 2016 is expected to fall only 5% to 10% below 2015's exit rate with $1.1 billion in capital expenditures
• exit rate for 2017 can probably be flat compared to 2016's exit rate with under $1 billion in capital expenditures
• decreasing breakeven points will likely prevent oil from surging too much higher. US production growth would likely be strong at $60+ oil

Remember: some time ago, Whiting told its employees it could make money at $26/bbl or some such ridiculous number.

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Top Five Energy Deals of 2016 -- Zacks

Link here.

1. General Electric - Baker Hughes, $30 billion; a new company to be spun-off from GE
2 Spectra - Enbridge, $28 billion; true merger; Enbridge (57% ownership); Spectra (43% ownership)
3. Sunoco Logistics - Energy Transfer, $21.3 billion
4. TransCanada-Columbia Pipeline, $13 billion
5. FMC Technologies - Technip; Houston-based FMC, a major underwater energy equpment maker; Technip, Paris-based, offshore oil and gas field developer

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Global Warming

Climate Change

Extreme Weather

Ice Age Now

Bloomberg: Siberian snow theory points to an early and cold winter in US. Northeast natural gas supply and delivery eyed.