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Friday, June 15, 2018

The Keystone XL "Might" Be Completed Before My Investing Days Are Over -- But I Doubt It -- June 15, 2018

PTI: WTI falls over 2.5%; loses $1.71/bbl; now trading just above $65. WTI risks dropping below $65. RBN Energy practically predicted this decline in today's report. My comment after reading the RBN Energy post this morning:
  • This is what concerns me: the MEH-WTI differential chart at the RBN Energy post.
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"Update" On The Keystone XL

From The Bismarck Tribune:
Separately in Nebraska, a husband and wife who don't want the proposed Keystone XL pipeline to run through their farm this week deeded a plot of their land to a Native American tribe, creating a potential roadblock for the project.
Art and Helen Tanderup signed over a 1.6-acre plot of land to the Ponca Indian Tribe on Sunday. The Ponca enjoy special legal status as a federally recognized tribe.
The land has been used as a planting space for sacred Ponca corn for the last five years, and it was chosen in part because it sits on the $8 billion pipeline's proposed route. It's also part of the historic Ponca route that tribe members were forced to take when the U.S. government relocated them to present-day Oklahoma in 1877.
"What the impact will be, I don't know," Tanderup said. "But now, they'll have a voice in this issue. They will be a player at the table."
And when that court case ends, some other farmer will deed another 1.6 acre plot along the route. Ad nauseum.

These guys are wearing out their welcome.

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The US Open

 Updates

Later, 2:04 p.m. CDT it was "interesting" to listen to Fox sports commentators while Tiger Woods was playing. Based on everything I knew, I expected the cut line to be about +7 / +8 (see below). At that cut line Tiger Woods was going to miss by a mile. The commentators were doing everything they could to keep fair weather PGA fans like me tuned in. They knew the only reason folks like me were watching was because Tiger Woods was playing. If he's out of the picture, we won't be watching. So, as Tiger was shooting +10 and then +11, the color analysts kept suggesting the cut line would be +12 and Tiger would make the cut. LOL. Yes, that was possible but unlikely. The weather was improving and one would assume the scoring would get better.

I just tuned back into the tournament, and I see that the projected cut is at +7. If so, Tiger Woods will miss the cut. Phil Mickelson is likely to miss the cut. Jason Day and Rory McIlroy are also likely to miss the cut. Jordan Spieth is "coming back" and may make the cut. He's fortunate to be playing in better weather this afternoon. Now, some of the players not doing well are suggesting they don't like the "featured group" format. The PGA put together "featured groups" made up of well-known golfers.

Original Post
 
Tiger Woods may be playing better than ever. The problem: the younger players are playing even better. Tiger Woods, currently +11, early in the second round. He bogeyed the first two holes in today's second round.

Halfway through the second round for Tiger Woods, the weekend "cut" line looks like it will be +7 / +8. Tiger is currently +11 through thirteen holes.

Fox Sports getting worried. Weekend ratings will plummet if Tiger Woods misses the cut. Fair weather golf fans won't tune in if Tiger Woods is not in the hunt. As it is, I can already feel the enthusiasm waning.

But the PGA / US Open / Shinnecock Hills folks are getting nervous. They are predicting the cut line at +12 which would mean Tiger will probably make the cut.  

Not sure how "they" decided on the "pairings." Tiger Woods, +11, who is in danger of missing the cut, is paired with Dustin Johnson who leads the US Open with a -2 and appears to be in control. The third in this "pairing": Justin Thomas.

Certainly doesn't look like global warming on Long Island. Cold, raining. Announcers are suggesting that players may need to wear long underwear. They were impressed that Tony Finau was one of the few players wearing a short-sleeve shirt this morning (second day, June 15, 2018).

The only sports event worth watching this month. Except perhaps the Belmont Stakes and the Triple Crown. I think my comment can be justified. LOL. 

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