13 Responses to “Wrap – Week Ended 6/15/12 (In Progress)”
wanted to say that your call on PVA was superb. the flag, pennant formation you spotted earlier in the week was confirmed in the move higher yesterday. the move higher topped the earlier top reached in February. once the 50dma crosses over the 200dma, i think the stock will pick up more interest from TA guys.
Happy Fathers Day to all the dads!!!!!!!!!!!!
Just reviewed YTD NGL component pricing and was surprised at how much they have dropped in 2012, most of it in the last 3 months: Ethane is down 60.6% ytd and Propane is down 42.3% ytd. They both bumped up a little this past week along with natgas, but those figures are after the bump up. With all of the liquids-rich drilling, both current and projected, the pricing prospects cannot be robust for NGLs until significant new demand is brought on-stream. This should be bullish for the domestic petrochemical industry. XOM, DOW, and CVX/PSX have announced major new petrochemical plants to be built on the Gulf Coast, no doubt to take advantage of the domestic supply/pricing of NGLs.
With all of the attention directed to Greece and the Euro mess, this article is off-topic–but shouldn't be. This stands at the heart of what needs to be done soon to really energize our economy. Love the title:
This is a thoughtful presentation of the challenges. I'm happy to see this topic being brought into the mainstream media. I have been sensing that momentum is building toward this reality–even if may still be awhile before we see it.
TransCanada’s (NYSE:TRP) Keystone Pipeline is in the spotlight again, as the State Department files plans for a new supplemental environmental impact statement for the controversial project. The Pipeline was rejected on January 18th, so TRP worked out a new application offering a different route which goes around the Sand Hills region of Nebraska, that contains a large aquifer. The proposal’s comment period started Friday and continues until July 30.