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Wednesday, June 8, 2022

On Fire -- June 8, 2022

I need to take a break. 

Huge story this afternoon, yet to be posted, if the spirit moves me.

One last check of oil prices and the market.

Despite a yawner of an EIA weekly petroleum report, WTI is on fire: trading up 2.22%; trading up $2.65 and trading at $122.10.

Brent: up 2.41%; up $2.90 -- that's almost $3.00 for Greta; now trading at $123.50.

Natural gas: up another 3.17%; up 30 cents; on it's way to $10, now trading at $9.588 / million Btu. 

The equity market:

  • CVX: new intraday, 52-week high; up another $1.90 trading at $182.
  • COP: ditto; up another $1.05; trading at $123.76
  • MPC: ditto; after hitting that intra-day high, dropped back to $113.56, down 9 cents:
  • ENB: ditto; up slightly at $47.56
  • EPD: ditto; up slightly at $28.58; pays 6.51%
  • SRE: well off it's all-time; down $2.22 today; trading at $161.48; I consider this a $124-stock
  • OKE: ditto, but it's up a bit today;

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