SCCO: New 52-Week High In Early Trading; RBN Energy With A Great Texas Permian NGL Story -- Manic Monday -- BANGL — May 13, 2024

Locator: 47141B. 

PSX: activist Eliott takes a $1 billion stake in PSX; seeks two board seats, link here. PSX down 52 cents in mid-morning trading. Pays 3%.

CRH: increases variable dividend.

NYSE 52-week highs: link here. As the day goes on, the number will increase.

Goldilocks.

Americans ready to travel: link here. Memorial Day travel expected to hit 20-year record. 

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Back to the Bakken

WTI: $7.42. 1.5%; up $1.16. In anticipation of US driving season. Biden watching closely. One can almost guess the administration's next action.

Tuesday, May 14, 2024: 20 for the month; 84 for the quarter, 283 for the year
None.

Monday, May 13, 2024: 20 for the month; 84 for the quarter, 283 for the year
39880, conf, Liberty Resources Management, Temple W 159-96-36-25-2MBH
39879, conf, Liberty Resources Management, Temple W 159-96-36-25-1MBH, 

Sunday, May 12, 2024: 18 for the month; 82 for the quarter, 281 for the year
39407, conf, Whiting, Olson 31-31HU,
39406, conf, Whiting, Olson 31-31-4H,
38737, conf, Petro-Hunt, Hartman 144-97-5A-8-3H,

Saturday, May 11, 2024: 15 for the month; 79 for the quarter, 278 for the year
39349, conf, Hess, TI-T Lalim-157-95-0214H-2,

RBN Energy: new pipe will upend Permian NGL flows to non-Belvieu markets -- again. Archived.

For years, the South Texas NGL market was a world of its own — a self-contained liquids ecosystem centered around the refineries and petrochemical plants in the Corpus Christi area. But that all changed about six years ago when EPIC Midstream built a new NGL pipeline from the Permian into Corpus and a new fractionator to process those liquids. Corpus morphed into a vibrant NGL market in its own right. But nothing with South Texas NGLs is easy. Before the EPIC system was even up and running, a consortium calling itself BANGL — short for Belvieu Alternative NGL — announced another pipeline to compete for Permian NGLs that would parallel EPIC’s route out of the Permian, but then make a hard left toward Sweeny and Texas City, setting up a battle of the pipes for Permian NGLs.

Call me irresponsible but I think RBN Energy missed an incredible trifecta: Manic Monday, today, the Bangles, and BANGL. And then tie in today's early trading in the market.