Friday, October 30, 2009


Not a big surprise on the profit decline reported from Chevron this morning. CVX posted a 51% drop in profits. ExxonMobil saw a 65% decrease and ConocoPhillips witnessed a 71% drop. But--and this is a big but--oil futures have rallied 12 percent in October, so Q4 numbers may be better going forward.

We shall see.

Also--I'm doing a boat load of media interviews today. Did a Reuters Conference Call, as well as a Texas media tour. Looks like yours truly will be in the Sunday papers in most of the major Texas metro regions. WooHoo!! Or, should I say YeeHaw!

Here's a couple of mentions, so far:

Treasurys Boosted by Weak Economic Signals

Wall St Set for Weak Open after Best Day in 3 Months

More reports today, as well as a Taipan article.

Talk to you,

Todd M. Schoenberger, Managing Director
LandColt Trading, LLC

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