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Sunday, February 27, 2022

Sunday Night -- One Week Into "The Invasion" -- February 27, 2022

For Monday morning at the open, first group "financial / economic" indicators:

For the archives:

The exit of BP from Rosneft raises big question about the future of others:

  • Global oil services companies: SLB, HAL
  • TTE is a big shareholder in gas producer Novatek
  • oil traders Vitol and Trafigura are pouring billions into Rosneft's flagship new Vostok project
    • it will be no surprise when Vitol becomes bigger than BP
  • Norway's sovereign wealth fund will divest its Russian holdings
  • Shell has a big stake in an LNG plant in the east and a retail footprint
  • US dollar explodes

Putin's army:

  • more than 3,000 Russian dead in four days;
  • 40 Russian tanks destroyed yesterday (Saturday) alone;
  • entire Chechen special forces brigade Putin brought in to create chaos and fear among the Ukrainians were instead slaughtered yesterday (Saturday) / completely destroyed

Add President Biden to the winner's list, also add cryptocurrency to the winner's list:


Other data points:
  • Russia continues its advance in/on Ukraine;
  • Putin plays the nuclear card;
  • EU, USA, UK seem to be aligned with overwhelming sanctions;
    • most notable: banning Russia from SWIFT
    • Russian generals launch nuclear weapons at their own country's peril
    • social media suggests Russia military leaders have lost confidence in Putin
  • with all that, how is oil doing? first note at 6:42 p.m. CT, Sunday night
    • WTI: up 5.3%; up $4.84; trading at $96.43. Later, around midnight: $96.47.
    • Brent: up 5.2%; up $5.05; trading at $102.98. Later, around midnight: $103.15.
    • natural gas: up 2.8%; up 13 cents; trading at $4.596.

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ABBA

Waterloo, ABBA

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