Canadian crude oil prices tumbling; Keystone (not the XL) pipeline shutdown due to leak. WSJ update. Western Canadian Select (WCS) trades for $22/bbl less than WTI.
It's been worse. One year ago, November, 2018, the discount was an astounding $44.Shale. "The drawdown is for real this time" -- HFI Research. Archived for future reference. At SeekingAlpha but will probably disappear behind paywall soon. Still using a) conventional oil metrics; b) the Red Queen analogy; and, c) rig counts. No mention of advantaged oil.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.
Momentum stock: Walgreens Boots Alliance.
ND Supreme Court:
For those interested (I'm note): the link.Under Trump's watch: the first trade surplus in petroleum in more than forty years helped the US post a lower trade deficit in September compared to August, 2019.
Futures: again, green. Amazing. Two of the three major indices closed higher today; the S&P 500 was down four points.
- BA: up 2%
***************************************
Nothing To Do With Anything -- I Just Felt In The Mood
It's funny ... when I play The Blues loud and and play it over and over I can take myself back to I-40 from Nashville to Knoxville, June, 1971.
Reading (and re-reading for the umpteenth time), volume II of The Life of Graham Greene, 1939 - 1955, by Norman Sherry, c. 1994. My edition is signed by the author.
WWII. Cold War. Kim Philby. Vivien. Dorothy. Catherine.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.