- Oil’s heading north this morning as the Syria crisis continues. I don’t think it would be out of the question to see it hit $100 this week if the Syrian outlook gets worse. In pre-market, we’re already over $98.
- After failing to find a buyer, Siemens (NYSE:SI) has announced its shutting down the last of its solar energy businesses, Solel. The Israeli solar thermal equipment designer was purchased by Siemens in 2009. The company has racked up more than $1 billion in losses over the past four years. Siemens is up 1.7% in pre-market.
- Linn Energy (NASDAQ:LINN) is down around 1.1% in pre-market as it continues its slow descent towards the $30 mark. Despite the recent sell-off, LINE remains one of the best hedged oil & gas plays in the market, and it’s 9% dividend is nothing to shrug off. I currently own shares of LINE, and may accumulate more if we see the stock fall below $31. It’s a solid long-term play on domestic oil & gas.
- On Friday, energy analyst Keith Kohl told investors that U.S. LNG may be all flash and no bang, pointing out that even with a rush on LNG exports (potentially tripling by the end of the year), those exports still make up less than 2 percent of today’s current natural gas exports. Of course, Kohl also offers an opportunity to profit from this reality. You can read his complete analysis here.
