Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
Goldman Sachs: their advice. Make a lot of money.
Hess: massive underinvestment in new production is a major wildcard for oil. Link to Tsvetana Paraskova. Let's look at some energy companies:
- HES: up 5%; up $3.70; trading at $79; pays 1.33%;
- CLR: up 7%; up $3.06; trading at $47.28; pays 1.35%;
- DVN: up 6%; up $1.90; trading at $35; pays1.33%;
- EOG: up 5%; up $3.76; trading at $81.85; pays 2.11%;
- CVX: up 2.4%; up $2.40; trading at $103; pays 5.33% -- whoo-hoo!
- EPD: up 2%; up 45 cents; trading at $21.90; pays 8.4%;
Russia: wow, wow, wow. Exactly what I said earlier today or yesterday.
- from twitter: an interesting tidbit from my earlier Trafigure interview about natural gas supplies from Russia. Trafigura is of the view that Moscow doesn't have the extra gas (direct to Bloomberg paywall here);
US: Covid-19 is so behind us.
- from twitter: according to Pay with GasBuddy data, weekly US gasoline demand last week (Sunday through Saturday) rose 1.1%, ending the five-week streak of falling demand. Weekly demand was the highest since the week of 8/29
- I mentioned yesterday, on my bike ride, I had never seen such heavy automobile and pick-up traffic as OI saw yesterday;
- and if there is any question of whether Covid-19 is behind us, one is not tuning into Saturday college football and Sunday NFL; stadiums of 100s of thousands of unmasked folks; drinking beer, yelling, coughing;
- from twitter: PennEast pipeline axed ... good job greenies .. have fun paying sky-high energy prices and freezing your butts off this winter ... and winters to follow ...
- the burggraben widens: $500 million+ went into the development of this project ... to date ..
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