Are you an original shareholder at $1.00? On Wed, Jan 29, 2020 at 11:35 AM Dan Penoff via Mercedes < mercedes@okiebenz.com> wrote:
> I was a bit concerned with the markets on Monday, but that seems to have > evaporated. Especially with Apple’s record earnings statement yesterday. > They’re only up $9/share so far today. > > -D > > > > > > On Jan 29, 2020, at 11:26 AM, Andrew Strasfogel via Mercedes < > mercedes@okiebenz.com> wrote: > > > > Anyone else enjoying the fallout from coronavirus? > > > > On Wed, Jan 29, 2020 at 11:18 AM Meade Dillon via Mercedes < > > mercedes@okiebenz.com> wrote: > > > >> I paid $1.99 for diesel just a couple days ago. That was nice, ~20.5 > >> gallons into my '95 E300. > >> ------------- > >> Max > >> Charleston SC > >> > >> > >> On Wed, Jan 29, 2020 at 10:53 AM Andrew Strasfogel via Mercedes < > >> mercedes@okiebenz.com> wrote: > >> > >>> Will the price at the pump go down? > >>> > >>> ENERGY MARKETSCoronavirus lockdown is even more bad news for > >>> dieselPublished: > >>> Wednesday, January 29, 2020 > >>> > >>> Add a severe global pathogen to the list of bad news for diesel. > >>> > >>> Two metrics for the industrial fuel that traders watch closely — its > >>> premium against crude, and a gauge of supply and demand — have > collapsed > >>> this year. For the most part, the rout has been about > >> weaker-than-expected > >>> buying from the shipping industry and a mild winter. The novel > >> coronavirus > >>> in China, though, has exacerbated the slide because it's meant a > >> clampdown > >>> on travel that's negative for fuel demand, and a weakening of investor > >>> sentiment across assets. > >>> > >>> The lockdown of cities in China likely means weaker demand for diesel, > >> said > >>> Olivier Jakob, the managing director of Petromatrix GmbH in Zug, > >>> Switzerland. The margin, or crack, for jet fuel, has also been > adversely > >>> affected. Both fuels are known as distillates. > >>> > >>> "The impact of coronavirus translates into global pressure on > distillate > >>> cracks and the prices," Jakob said. > >>> > >>> Oil refiners were making $9.83 a barrel from turning crude oil into > >> diesel > >>> on Monday, the lowest in almost two years, ICE Futures Europe data > show. > >>> Late last year, the same spread stood at about $15. Traders are paying > >>> about $1.75 a ton less for diesel in February than for March, compared > >> to a > >>> $3 premium late last year. > >>> > >>> There's similar weakness in the jet fuel market. The two products are > >>> closely related. Profits for producing jet fuel in Asia fell to the > >> lowest > >>> in nearly four years after a spate of travel restrictions and flight > >>> cancellations. > >>> > >>> "Slowing air traffic has clearly dented Chinese jet fuel demand over > >> recent > >>> days," RBC Capital Markets analysts including Michael Tran said in a > Jan. > >>> 27 research note. Jet fuel has been the firmest part of China's oil > >> demand > >>> growth in recent years, averaging about 11% a year, according to Tran. > >>> > >>> The fuels are getting hit across the globe. Diesel margins in New York > >> sank > >>> to an 18-month low Monday, with concerns about the virus exacerbating > the > >>> impact of a mild winter that already curtailed demand. > >>> > >>> "There's very little good news when it comes to the middle distillate > >> part > >>> of the barrel," said Steve Sawyer, director of refining at FGE, an > energy > >>> consultancy. > >>> > >>> Looking forward, planned work at refineries in the Middle East — a > region > >>> that sends a lot of middle distillate to Europe — should provide some > >>> support, he said. That will be followed by seasonal maintenance in the > >> U.S. > >>> and Europe. *— Jack Wittels, Bloomberg* > >>> _______________________________________ > >>> http://www.okiebenz.com > >>> > >>> To search list archives http://www.okiebenz.com/archive/ > >>> > >>> To Unsubscribe or change delivery options go to: > >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>> > >>> > >> _______________________________________ > >> http://www.okiebenz.com > >> > >> To search list archives http://www.okiebenz.com/archive/ > >> > >> To Unsubscribe or change delivery options go to: > >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >> > >> > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
