Market Sentiment Watch: Economic data flow likely to be eclipsed market machinations in the run up to Friday's inauguration. News flow in the group cranking up rapidly. On the heels of acquisitions and offerings in the Permian and a major acquisition in the Eagle Ford last week and the corporate deal of NBL buying CWEI over the weekend, we anticipate news flow in energyland should continue to increase through month end and into February. This we also get fresh monthly data out of OPEC and additional monthly data out of EIA. In today's post please find The Week That Was, comments on the CWEI acquisition, comments on REXX, comments on LPI, and some other odds and ends.
- We get Empire State at 8:30 am EST (no forecast, last read was 9.0),
- EIA's Drilling Productivity Report later in the day,
Wednesday - CPI, industrial production, capacity utilization, homebuilders' index, Beige Book, OPEC Monthly,
Thursday - Jobless claims, housing starts, building permits, Philly Fed,
Friday - No economic data releases scheduled, Inauguration Day.
In Today’s Post:
- Holdings Watch
- Commodity Watch
- The Week That Was
- Stuff We Care About Today – Permian Deals, NBL buys CWEI, REXX, LPI
- Odds & Ends
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