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Will we have ten consecutive days of record setting Dow? One word: yup!
Who wudda ever guessed? Folks asking if Oklahoma has enough natural gas processing for all fossil fuel coming out STACK and SCOOP.
Movin' on up. Whiting Petroleum increases 2017 capital expenditures to $1.1 billion to drive significant growth.
Denbury Denbury Resources: Q4 EPS of a loss of $0.02 beats by $0.01. Revenue of $271.62M (+0.7% Y/Y) beats by $40.62M. In pre-market trading, DNR up over 6%.
WTI: up $1.28. Dennis Gartman turns bullish on oil. We closing in on $55.
Liquor: Amazon applies for liquor license in Seattle.
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Opening
Closing; looks like the Dow will set another record-setting high; ten in a row; up 35 points; closes at 20,810.
NYSE:
- new highs, 204: BAX (a huge whoop); BRK (another huge whoop); Dow Chemical;
- new lows, 11
- CVX, up, at $111
- XOM, up, at $82; down for the 1-year, 2-year, and 5-year; but "green" for the 10-year graph
- XLNX, down slightly;
- SRE, up nicely; at $108
- EOG, down slightly, at $97
- T, flat, slightly positive
- DNR, down 2.4% after earnings report
- TSLA: down over 5%; burning through cash; most expect more share dilution; Barclay's suggest a $2.5 billion stock offering;
- FSLR: surges almost 10%; one can never understand the market
- Sempra Energy (SRE) declares $0.8225/share quarterly dividend, 8.9% increase from prior dividend of $0.755. Forward yield 3.03%.
Up 50 points on opening? Actual -- up 42 points. The two top Dow winners -- XOM and CVX. The S&P winners: EW, RIG, MRO, National Oilwell Varco.
Jobs report:
- prior: 239K
- prior revised: 238K
- consensus forecast: 244K
- actual: right on target -- 244K -- a jump of 6K
- four-week average: 241K
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