ELAM: Energy Shares Continue Bull Rally

first_imgLocal NewsBusiness By admin – January 14, 2018 Facebook WhatsApp Twitter Pinterest ELAM: Energy Shares Continue Bull Rally Previous articleMASTER GARDENERS: A greenhouse for every gardenerNext articleHubbard to moderate JBS lecture admin Facebook Pinterest WhatsApp Twitter West Texas Food Bank Logo “U.S. President Donald Trump is set to review whether to waive or re-impose sanctions on Iran this week, a decision that has implications on Iran’s oil exports.”—Wall Street Journal, January 11, 2018As I write Friday morning oil is off a smidge of $0.35. Everything energy rallied yesterday. And reason number one is the weak U.S. Dollar.Thursday the U.S. Dollar Index dropped .46 to close at 91.61. The prior low set in September was 91.00. So a test of that level is coming up. When the U.S. Dollar drops in value, commodities priced in dollars rise in value to compensate for the currency loss. So industrial metals, gold, and energy have been on a tear lately. Keep an eye on the 91 level, a break below there would likely spur even more energy bullish speculation.Wall Street Journal, January 11, 2018U.S. President Donald Trump is set to review whether to waive or re-impose sanctions on Iran this week, a decision that has implications on Iran’s oil exports.Apache APA is attempting to break out of its trading range, bounded by $39-46. Volume rose significantly on Thursday. Apache rose $2 or about 4.5 percent on Thursday. It is now set to probably challenge the $51 previous high set last July.The Energy Service Sector is always of interest in the Permian Basin. The ETF for that sector is XES. XES is finally rallying. It rose 3 percent yesterday to $19.11. It is posed to challenge the last high several months back at $24.FRAK is the ETF for Shale Producers. It too is rallying at $16.69. The last high was $19. But the high recorded during triple digit prices was $32. An indicator termed on balance volume is just now turning up on the weekly chart for FRAK. This is quite bullish.What about the actual prices of the commodity itself? The previous high for West Texas Intermediate was about $60 recorded in mid-2015. A close today at this $65-66 level breaks oil out of this multi-year range. That would set my sights on $80. You heard it here first. This is further confirmed by unleaded gasoline breaking out of its range to $1.84. The cold weather in the Northeast has heating oil up from $1.75 three months ago to $2.07 today. So all three sectors are confirming breakouts.The laggard group has been the Drillers. These stocks are still mostly trading literally below book value. And yes I purchased more of them Thursday. Ensco ESV broke out of its trading range going back to last March of 2017. ESV has $5.90 cash per share. But it is trading for $7.36! That means one is only paying $1.46 for all the fixed assets the company owns! Warning, do your homework, the drilling business is a dicey play. But if oil prices continue upward it seems reasonable to expect these stocks would at least return to book value.BP Prudhoe Bay BPT has broken out of its year long range. This is based on its all Alaska exposure and the fact that the U.S. Government is expanding drilling opportunities there. Whether Big Oil will take the challenge with a November election looming, well we shall see.Natural gas futures rose a whopping 10.34 percent Thursday. That is very close to reversing the downtrend that has kept price below $3.So for now things are quite bullish for energy.If you have an extra $2.8 million lying around, here’s another idea. Lyndon Johnson’s ‘ranch’ is for sale. Okay by West Texas standards, 142 acres is a back yard, but this is scenic Central Texas. An Italian painter owns it now. Included is the 2,848 square foot home, as well as various other buildings. Yes that is almost $20,000 an acre but this is not just land, it’s history. For the J. R. Ewing yearning to make a statement, this is surely the way to do it.last_img read more

Protests in Amsterdam, Dublin over killing of black American

first_imgAround 3,000 protesters packed Dam Square in the centre of Amsterdam, standing close together despite coronavirus social distancing measures, local media said.The protest was partly organized by a group that aims to stop the Dutch Christmas tradition of “Black Pete” — one of Santa’s helpers who is dressed in blackface.In Dublin, protestors marched on the US embassy on Monday afternoon, chanting Floyd’s name and taking a knee at the gates of the compound in a moment of silence.Police on the scene told AFP they estimated between 2,000 and 3,000 took part in the peaceful demonstration, surprising officers who had expected a modest turnout. Thousands of protesters rallied in the Dutch and Irish capitals on Monday against the death of a black man during an arrest by police in the United States.Defying coronavirus restrictions, demonstrators in both Amsterdam and Dublin carried signs saying “Black Lives Matter”, referring to the death of George Floyd in Minnesota.The protests that have roiled US cities for six nights have now spread around the world, with rallies as far afield as London and New Zealand. Racially diverse protestors carried placards reading “Black lives matter” and “Police murder”. One wore a face mask marked with the words “I can’t breathe”.”Who do you turn to when you can’t turn to the people that are meant to protect you?” said protestor Fionnuala O’Connell, reacting to the circumstances of Floyd’s death in police custody.”That’s the scariest part, because what do you do?””I feel like a lot of us have been silenced and we were afraid to speak out,” demonstrator Raphael Olympio told AFP.”Today we just want to speak out and raise our voices.”center_img Topics :last_img read more

Syracuse dominates another unranked opponent, beats Harvard for 9th win

first_img Facebook Twitter Google+ As Syracuse took the ball upfield during a clear attempt, Meaghan Tyrrell broke away. The freshman attacker drifted into space behind the Harvard defense and situated herself directly in front of the crease. Nicole Levy noticed and lofted a pass from the left sideline toward her teammate, who was defended only by Grace Rotondo, Harvard’s goalie. Rotondo was stuck between knocking away the incoming pass and guarding her goal. She chose neither and simply flung her stick upward, allowing Tyrrell to corral the pass and score.No. 4 Syracuse (9-2, 2-1 Atlantic Coast) took down Harvard (4-4, 0-1 Ivy League), 15-6, on Tuesday, matching its win total from last season in eight fewer games. After a seven-game slate which included five ranked opponents, the Orange won by their largest margin since Feb. 18. Paced by Emily Hawryschuk’s seventh-straight game with four or more goals, the SU offense took advantage of a number of mistakes by the Crimson defense and often turned them into scores. Syracuse has now defeated Louisville and Harvard — its last two unranked opponents  —  by a combined score of 29-13.“I look at (unranked opponents) as a great opportunity to dig down,” SU head coach Gary Gait said. “For our starters to go in and stay motivated and continue to grind and work on what we need to work on, to provide opportunities for the rest of their teammates.”Syracuse’s starters led it on Tuesday, scoring eight goals and causing four turnovers. Even when it looked like the Crimson had stopped the Orange, they hadn’t. On SU’s second possession of the game, Megan Carney’s shot from the eight-meter arc sailed high of the goal and out of bounds. But Harvard failed to earn possession, with Hawryschuk instead getting to the spot first. On the ensuing play, Hawryschuk scored on a question-mark dodge.AdvertisementThis is placeholder textThen, four minutes later, Syracuse nearly prevented itself from scoring. After the Crimson turned the ball over due to a dangerous projectile violation, Levy controlled the offense again. She found Mary Rahal for an eventual goal, but Rahal was obstructed by Morgan Alexander, who was right behind her and collided with a Harvard defender after the play.Harvard kept the game close early on. After falling behind 4-0, it scored a goal that prompted an immediate Orange timeout. Ninety seconds later it poured in another, cutting SU’s lead to two. “Seeing it was 4-2, we needed a run,” Hawryschuk said. “Knowing that if we stayed smart on offense, if we could stay composed, we would be able to build off of that and have the end score that we did.”The run, a 6-1 scoring stretch to end the half, began almost 10 minutes later when Alexander was doubled by a pair of Harvard defenders. She jabbed away from the goal at the 12-meter arc while protecting the ball, and the hesitation threw both defenders astray. She converted on the mistake, scoring just inside the left goalpost and tumbling immediately after.Harvard wouldn’t improve in the second half. After falling behind by 10 goals, the Crimson secured a free position attempt. Grace Hulslander, Harvard’s second-leading scorer, set up on the right side of the goal in an attempt to cut SU’s lead to single-digits. But instead, she missed and drew a “dangerous propelling” foul, called for when a shot hits or endangers another player. It earned Hulslander a yellow card and sent her to the bench. Alexander scored just over a minute later. With just under 10 minutes to go in the game, Hulslander had another chance to score on a free position shot. It clanged off the right post. Fourteen seconds later she was fouled and earned another attempt. That one was wide. Harvard went scoreless for the next 14 minutes. The Orange turned in a solid performance against the Crimson and still cruised. In six games against ranked opponents this season, they’ve played up to their foe’s level. Against unranked Harvard on Tuesday, Syracuse didn’t play to its full potential — it didn’t need to.“We’re getting to see more ACC opponents coming up soon, so wins like these are great,” SU goalie Asa Goldstock said. “(But) games like these, especially these last two, when everyone on the field gets to go in, that’s more rewarding to me than beating an ACC opponent.” Published on March 19, 2019 at 6:03 pm Contact Eric: [email protected] | @esblack34center_img Commentslast_img read more