Energy Prospectus

From "Drill, Baby, Drill" to "Draw, Baby, Draw"

Tulsa looks like a lovely place to live.

probably just the usual gas volatility based on this week's build. Good time to sell puts.

Talos Energy to buy EnVen Energy in $1.1B cash and stock deal Talos Energy (NYSE:TALO) +4.3% pre-market Thursday after agreeing to acquire deepwater Gulf of Mexico private operator EnVen Energy for $1.1B, consisting of $212.5M in cash and 43.8M shares, plus the assumption of ~$50M in net debt. Talos...

very scary because if we're going to max LNG exports through the winter that inventory is going to get extremely tight

I think the nat gas spike to $9 was on fear of a protracted railroad labor strike would require a call on natty. Once they settled, that scenario closed.

nevermind. I looked up the press release, as DVN is investing in an equity stake in the project

It's disgusting how she has been bought off.

very interesting, but I don't understand why the LNG midstreamers would make such a deal--I guess they need to term up supply in order to finance their projects, or is DVN committing funds to Delfin for project construction?

Thank God for the benign hurricane season (knock wood).