Disclaimer: do not make any investment, financial, job, career, travel, or relationship decisiosn based on what you read here or what you think you might have read here.
Disclaimer: I am inappropriately exuberant about the Bakken.
Several big stories. These are at oilprice.com; will come back to them later.
- Mexico goes forward with $8 billion oil refinery against advice
- tensions mount in the Mideast; oil dropped to $55 yesterday; recovered this morning to $56
- China added more coal power in 2019 and 2020 to meet energy demand
- Trump administration announces huge Gulf of Mexico oil and gas lease sale
- China's oil consumption rises almost 6% in 1H19 -- previously reported/posted
- Ohio delivers "death blow" to renewables
The US equity markets: I assume this is why I"m in a great mood. All three major indices trading at near record highs, and after a couple of days "in the red," are now "very green" before market open.Earnings for 2Q19 reported so far are not nearly as bad as pundits/companies warned. The banks in general, first to report, did very well, it appears. I am most interested in how natural gas gathering and processing companies do going forward.
IBM: reported a good 2Q19, apparently; saw the headline, nothing else
West Texas Light: just a reminder that it's a new benchmark; not easy to find;
- Dow futures: up almost 100 points
- S&P futures: up over 7 points
- NASDAQ: still flirting with 8,000. This site shows that the NASDAQ closed at 8,207.24 yesterday, July 18, 2019; but NASDAQ futures show it closed at 7,954 yesterday and is trading up 20.50 points in pre-market trading. I'm obviously missing something.
- NOG: down to $1.58
- JAG: down to $7.51
- SRE: great day yesterday, up $1.22 yesterday; closed at $141.17; near all-time high
- OKE: down a bit yesterday
- BA: pre-market, surging; up 2%; up almost $8/share; all I've seen is that Boeing announced what the MAX 737 write-off would be; must be a lot less than what analysts/investors expected
- BAC: up 1% yesterday
- XLNX: had a nice day yesterday
- TSLA: back to $255 where it was in April, 2019; was as low as $178 at the end fo May, 2019