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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (4272)	9/6/2016 12:17:27 PM
From: Kirk ©	Respond to of 26766

My guess is they convert most to NG.

To: robert b furman who wrote (4272)	9/6/2016 1:11:49 PM
From: Kirk ©	Read Replies (2) \| Respond to of 26766

Break-even price for drilling in the Permian Basin in Texas is "sub-$30" a barrel Odd that I can't find much on this story and the Dallas News seems to have removed it. From Google's cache: Pioneer CEO: Biggest U.S. oil field still profitable when oil drops below $30 a barrel (File Photo/Agence France-Presse) By Wire Services newsfeedback+wireservices@dallasnews.com Published: 02 September 2016 09:47 AM Updated: 02 September 2016 05:42 PM Oil wells in the biggest U.S. oil field remain profitable even when crude prices drop below $30 a barrel, said Pioneer Natural Resources Co. Chairman and Chief Executive Officer Scott Sheffield. The so-called break-even price for drilling in the Permian Basin in Texas is "sub-$30" a barrel, Sheffield said during a Bloomberg Television interview Friday. For shale drillers such as Irving-based Pioneer, "break-even" typically means operating costs plus a 10 percent or 15 percent return. Pioneer closed a $435 million acquisition of drilling rights across 28,000 acres in the Permian region from Devon Energy Corp. earlier this week. When the transaction was announced in June, Pioneer said wells drilled in the acquired assets will generate returns of 50 percent or more. West Texas Intermediate crude rose 1 percent to $43.58 a barrel at 8:10 a.m. on the New York Mercantile Exchange. The price has climbed 67 percent since touching a 12-year low of $26.05 on Feb. 11. --Joe Carroll and Alix Steel, Bloomberg webcache.googleusercontent.com

To: robert b furman who wrote (4272)	9/8/2016 4:09:58 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26766

What do you think? Continue the ST rally (of Russell 2000 and growth stocks) into options expiration Friday then an election fear pullback before a rally to new highs again? Dear Kirk Lindstrom, Thank you for your submission. Your article has been selected for exclusive publication on Seeking Alpha as part of our Premium Partnership Program. You can see it live here: Short Term, SPY Is Poised For Another Rally Supported By Put-Call Sentiment Ratios A link to your article will be sent to 36,120 investors as a real-time email alert. CPC charts look good ST. Mid term... still too bullish but LT, sentiment is golden so I wouldn't be too surprise if we see more sector rotation than a big pullback when it eventually comes.