The Market And Energy Page, T+299 -- November 16, 2017

The Market: the market has been down four of the past five days. One would assume many issues had a significant decline, suggesting it would be difficult for issues to hit a new 52-week high today. So, let's see, any new highs on the NYSE, when the market is up almost 200 points today? Yup, an astounding 88, including:

• Dollar General; NRG; WMT

Saudi: All that talk about Saudi princes liquidating their positions in the US market? That may be accurage. From Bloomberg today:

Saudi Arabia’s market regulator has frozen the trading accounts of individuals being detained or investigated as part of the kingdom’s crackdown on alleged corruption, according to three people familiar with the matter.

The Capital Market Authority is asking brokerages to suspend the accounts of dozens of princes, billionaires and officials being held so they’re unable to buy or sell shares on the Tadawul stock exchange.

The kingdom last week said Saudi Arabian Monetary Agency, or SAMA as the central bank is known, had frozen the bank accounts of individuals being investigated, but not those of the companies they own or manage. In Saudi Arabia, some are in talks with banks and asset managers to move money outside the country.

F-15s: I never get tired of looking at pictures like these. The F-15 was my primary a/c when assigned to Bitburg AB decades ago. From thedrive:

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Below The Fold

DAPL operator nominated for API award. In the Williston Herald.

Update: won "Outstanding Achievement" --

Energy Transfer Partners — Outstanding Achievement, group, for construction of the Dakota Access Pipeline, a game changer for the Bakken oil and gas industry, that is helping Bakken crude get to the markets where it can get the best price. The pipeline has already eased the discount against Bakken crude by $2, bringing in more tax revenue for the state and more royalties for mineral rights owners.