Anticipation -- May 26, 2022

Updates

Later, 9:31 a.m. CT: wow, wow, wow -- is anyone paying attention? WTI just surged 3% while Brent jumped 2% --

• Brent: $116.60
• WTI: $113.70

Windfall profits tax:

• Hungary announced windfall profits tax earlier this week;
• UK hits oil and gas companies with 25% windfall tax;

Earlier Notes

Opening trades, pre-market:

• CVX: up $1.02; would be a new intra-day 52-week high
• EOG: up $1.42; ditto
• XOM: up 66 cents; ditto
• PSX: up 65 cents; ditto
• MNRL: up 94 cents; ditto; could hit $30 today
• DVN: up 91 cents; may be one of the laggards, not hitting a new intra-day 52-week high
• HES: up $1.23; would be a new intra-day 52-week high; and, would hit $120

At the open:

• CVX: up 53 cents; up 0.4%
  
• EOG: up $2.78; up 2.1%; trading at $136 -- all well above pre-market
  
• XOM: up 82 cents;
  
• PSX: up $1.19; up 1.1%; trading at $100 -- all well above pre-market
  
• MNRL: up 63 cents; has not yet hit $30
  
• DVN: up 97 cents
• HES: up $2.06; up 1.8%; trading at $121 -- all well above pre-market

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Mid-morning:

• CVX: up 92 cents
  
• EOG: up 93 cents;
  
• XOM: up 45 cents;
  
• PSX: down 6 cents; say what?
  
• MNRL: up 91 cents; has not yet hit $30
  
• DVN: huge -- up almost 3%; up $2.00; trading at $74;
  
• HES: down 24 cents; say what?

Lunch hour:

• CVX: up $2.16 -- what happened? Oh, there is it, WTI surged 3.5%; up $3.86; and trading above $114, again.
  
• EOG: up $2.27
  
• XOM: up 80 cents;
  
• PSX: up 45 cents;
  
• MNRL: up $1.34; trading above $30, now
  
• DVN: huge -- up almost 3%; up $2.00; trading at $74;
  
• HES: up $1.37;