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Friday, April 23, 2021

Is This The End Of The DAPL? -- April 23, 2021

Link here.

I doubt the US Supreme Court wants to wade into this mess. 

If I understand this correctly, nothing has really changed. The court simply maintained the status quo: it is still up to "the judge" to determine whether the DAPL can remain open during the environmental review that will continue through 2022. 

I could be wrong, but that's how I'm reading it. More to follow, I'm sure.

Immediately following the news, the face of the Bakken, CLR:

  • up 1.62%; up 41 cents trading at $25.72.

But, than again, WTI is up about 0.65% today.

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The US Market

I don't think I've seen anything like in the recent past. 

  • Dow: up almost 300 points
  • S&P 500: up 54 points
  • NASDAQ: up 233 points
  • Russell: up 45 points

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The stocks that shocked today:

  • AAPL: up 2.3%; up $3.01/share; trading at $135 
  • BRK-B: up 1%; up $2.32/share; trading at $272 
  • UNP: up 2.4%; up $5.31; trading at $223
  • KMI: up 2.23%; up 36 cents; trading at $16.73
  • OKE: up slightly; trading at $50
  • EPD: up 1.1%; up 26 cents; trading at $23.27
  • ENB: up slightly; trading at $37.03 
  • DFS: up 3.24%; up $3.23; trading at $102.75 
  • AMD: up 5.2%; up $4.11; trading at $83 
  • XLNX: up 5.6%; up $6.82; trading at $130
  • MRNL: up 1.4%; up 22 cents; trading at $16
  • EOG: up 1.4%; up almost a buck; trading at $70
  • WMT: up slightly; trading near $140
  • PFE: up slightly; trading at $38.69;
  • MRK: flat; trading at $78
  • BK: up 2.2%; up a buck; trading at $47.58

2 comments:

  1. I'm speculating, but I continue to get the impression Biden admin is doing a tepid defense. Trying to get the court to squash DAPL but blame it on them, not the admin. Thus the meager efforts made.

    ReplyDelete
    Replies
    1. I sure hope you are right. A lot of livelihoods depend on the DAPL.

      Delete

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