Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

12/31/19

Energy closing out the year on a high note. Noble Energy (NBL) is up 1.6% after announcing the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. The Leviathan field was first discovered in 2010. The price of oil is up 35% year to date and up 17% in the last three months. Commodities in general look good to start the New Year.

Not all oil stocks are higher. Core Laboratories (CLB) is down 21% after the oil-services provider lowered its fourth quarter guidance and cut its dividend payments amid a slowdown in the key U.S. drilling sector and a delay in booking big overseas deals. The company's forecast pointed to an 11% decline in U.S. rig count and a 20% decline in "completion activity" affecting the company's production enhancement division. The Amsterdam company also said discussions on major international and offshore projects were moving more slowly than expected. Core Labs slashed its quarterly dividend to 25 cents a share from 55 cents.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.