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Fast and furious:
- AAPL: futures, up; AAPL could propel NASDAQ to new high;
- Gun sales: most revealing poll of all -- ZeroHedge;
- What? Me Worry? A key prediction about the economic aftermath of the Covid crash has been confirmed -- Yahoo!Fiance;
- Covid-19: why the US should adopt the Swedish model -- ZeroHedge;
- Mideast: Israelie-UAE peace deal marks tectonic shift in Middle Eastern balance; story ignored by mainstream press; ZeroHedge;
- Barrick: increases dividend same month Warren Buffett buys; on a percentage basis, a fairly substantial dividend boost; boosts dividend 14%; stock pays 1.2%.
- Bankruptcy: Chaparral Energy (previously posted);
Crude oil, fast and furious:
- China, oil: another under-reported story -- China plans to boost US crude oil imports even as tensions rise;
- US production: US oil drillers look to restart shut-in production this year; most expect year-end shale oil production to be about 5 milllion bopd;
- Against all odds: Venezuela ramps up oil exports -- oilprice.
- China diesel surge: trucks, excavators to help push China's diesel demand to record, Reuters in the "Environment" section of the on-line magazine;
Canada
Suncor: production and refining hemmed in -- Fitzsimmons -- SeekingAlpha;
- like most energy companies, Suncor has been heavily affected by the demand destruction caused by Covid-19.
- but the truth is, Suncor's business had been in decline well before the pandemic hit and throughout most of 2019.
- in fact, the stock is now trading at roughly the same level it was 15 years ago and the dividend was cut by 55%.
- with production and refining both hemmed in, it's hard to find a positive catalyst for the stock.
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