The unemployment rate is forecast steady at a 16-year low of 4.3 percent. It has dropped five-tenths of a percentage point this year and matches the most recent Fed median forecast for 2017.Jobs miss - CNBC:
- forecast: 185,000
- actual: 158,000
- for first time, rose to 248,000
- forecast: a dip to 243,000 from the prior unrevised 244,00
- actual: 248,000
- four-week moving average: 243,000; up 750 from prior week
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Back To The Bakken
Active rigs:
| $45.96 | 7/6/2017 | 07/06/2016 | 07/06/2015 | 07/06/2014 | 07/06/2013 |
|---|---|---|---|---|---|
| Active Rigs | 57 | 31 | 76 | 191 | 188 |
RBN Energy: crude output, petrochemical growth drive Enterprise Products Partners' margin rise.
Midstream giant Enterprise Products Partners (EPD) has attracted significant investor interest because of its simplified structure, 51 consecutive quarters of dividend growth and strong coverage — $2.7 billion in retained cash in the past three years.
The company, with a market capitalization of $58 billion, has also quietly continued to build out its large integrated midstream network despite the plunge in commodity prices, investing almost $18 billion in organic growth projects and acquisitions in 2014-16.
The end result is impressive: Enterprise is now connected to every major U.S. shale basin, every U.S. ethylene cracker and 90% of the refineries east of the Rocky Mountains.
As a result, the company is well positioned to benefit from the recovery in oil and gas production, especially in the Permian Basin and Eagle Ford Shale; the surge in hydrocarbon exports; and the rapid growth of the U.S. petrochemical industry.
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