OPEC Leaves Quotas Alone For Now. No cut from the Saturday OPEC meeting. Cut at the December 17 meeting is assured. Could be a dip on Monday as we had a short covering rally into the close on Friday over the possibility the Cartel would cut but no one really expected an output decision at […]
Hopefully everyone had a safe and happy first half of the holiday! Now the word for the rest of the week is Football, followed by Exercise. Pretty much everyone needs to watch and do more of each. This will be a short post for a short day as U.S. equity trading closes up shop at […]
EIA reported a bigger than expected withdrawal Wednesday. If weather were the only factor I would have been looking for a number just under 100 Bcf. However, the recent string of resilient late season injections (despite cooler weather) and anecdotal and statistical evidence that gas-intensive segments of U.S. manufacturing are grinding closer to a […]
Be Safe and Have a Happy Thanksgiving. In Today’s Post: Holdings Watch Commodity Watch Oil Inventory Preview Natural Gas Inventory Preview Stuff We Care About Today Odds & Ends Holdings Watch: XOM – $10KP trade – (5) XOM Demcember $85 calls (XOMLQ) for $1.73 with the stock about flat on the day. XOM – […]
Sentiment Watch: Guarded. Fed creates TALF, Term Asset-Backed Securities Loan Facility, in an effort to jump start lending to consumers. The $200 billion TALF (come on guys, get better acronyms) is "designed to increase credit availability and support economic activity by facilitating renewed issuance of consumer and small business ABS at more normal interest […]
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