Energy Update

7/30/2026 As I say, summer never fails to entertain. After a 1,000 point drop in Indu, it rebounded 613 today. but really still below the recent highs of July 7. NDX and SOX bounced today, expected, still in a downtrend. Crude oil is holding around $84 for WTIC. Patterson PTEN had a nice jump today on improved results in their 8K. I am watching Halliburton HAL. At $120 oil it as $43, today 31.64, this is ridiculous when oil is $84, one of the premier energy service stocks trading this low. SLB had an 11% jump last week but it has corrected back to where it was around $48. The positive results for PTEN should bode well for other energy service providers, hence the interest in HAL. RIG at 45.08 is in the same category selling below book value, my energy service page of stocks is ligting green. Trump is the classic example of a guy how makes money, well I guess he has in real estate, and thinks that success translates to every other field. Hence after snatching Maduro, he thinks he can re make one of the oldest civilizations on the planet to his liking, not going to happen. My bet is that Iran will coninue to bargain their way to higher oil prices, That Trump is publicly cursing, not Presidential DJT, shows Iran is winning the mental and physical game of higher oil prices. Newspaper article tomorrow.