Tuesday, October 7, 2017

Enbridge: I can hardly wait to read this story over at Twin Cities Pioneer Press: US State Department grants permit for Alberta Clipper pipeline. It took the US State Department five years to study this 3-mile section of pipeline that was already in place; and the oil was being "re-routed" through a parallel older pipeline until the permit was approved. See this post and this post. And folks still wonder why I support this administration. Wow, eyes wide shut.

Saudi Aramco IPO: more and more talk it ain't gonna happen. 

I'll be back to the blog in an hour or so after taking the granddaughters to school, but, wow, did you see the earnings being reported by Goldman Sachs? Absolutely incredible. And the subscriber growth being reported by Netflix. One of my favorite companies (I have never invested [directly] in Netflix; never will; but I love the company.)  TSLA appears to be struggling. United Health beats estimates.

And after being flat most of the night, Dow 30 futures are up nicely again this morning.

Forbes top 500 richest Americans is out.

Disclaimer: this is not an investment site. Just trying ot put the Bakken into perspective.

Active rigs in North Dakota:

$52.01→	10/17/2017	10/17/2016	10/17/2015	10/17/2014	10/17/2013
Active Rigs	58	32	67	190	185

RBN Energy: gas-weighted E&Ps' second-quarter profits decline with prices.

Natural gas pipelines: huge story on gas pipeline businesses. Very, very interesting. Cheaper to buy than to build. Southern is trading at new highs. Worth a read. 

Short-sighted: I can't wait to read this article. The headline suggests that someone doesn't know much about investing. Jordan Weissman over at Slate. In case the link breaks, the headline says it all: We Could Send $1,000 a Year to Every Worker in America for the Cost of Trump’s Corporate Tax Cut.

Iraq: biggest story in the Mideast today -- Iraqi forces seize oil city Kirkuk from Kurds in bold advance. Nothing like the US destroying ISIS to free up the Iraqis to go after the Kurds.

Financial "expert"? Writer doesn't appear to understand anything about the "theory" of investment.