US rig count - 936

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 936.

That's up from the 524 rigs that were active a year ago.

Houston oilfield services company Baker Hughes said Friday that 748 rigs sought oil and 187 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Oklahoma gained three rigs and Colorado added one.

Texas lost three rigs, Pennsylvania and Wyoming lost two each, and Louisiana shed one rig.

Alaska, Arkansas, California, New Mexico, North Dakota, Ohio, Utah and West Virginia were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.

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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

Singapore stock calls for 6 October 2017

Please vote on our HSR poll.

We would like to know our readers' response to the KL-SG HSR ticket price.

Please vote on our HSR poll.

KL-SG HSR ticket price will be around $60-$65 for a single trip.

https://www.theedgesingapore.com/one-way-ticket-kl-sg-hsr-could-cost-60-65-iseas

OMG! That's really expensive as a return trip will cost $120-$130 per pax.  I don't think a Singapore family will travel to KL often for leisure purpose because of the high price.

A Singaporean family of 4 will cost around $500.

China has boosted its air power with the 5th generation J-20.

http://fortune.com/2017/09/28/china-chengdu-j-20-stealth-fighter-jet/

The touted J20 is in service now in China air force.  This will boost its air power and will counter the USA F-35 in Japan and South Korea.

Singapore stock calls for 5 October 2017

Singapore stock calls for 4 October 2017

Genting HK is delisting from SGX.

http://www.businesstimes.com.sg/companies-markets/genting-hk-to-delist-from-sgx-retain-single-primary-listing-in-hong-kong

This is a company with a market capitalization of about S$2.9B.  SGX has lost another big client.  SGX really cannot compete with HKEX.

Catalonia will announce independence soon after successfully breaking away from Spain.

https://sg.finance.yahoo.com/news/catalonia-apos-leader-apos-declare-051800633.html

This is definitely not good news for Europe because it will set an example for others to follow.  Scotland has been trying to break away from UK and will want to follow Catalonia.

Ireland, France and Italy will also face increased pressures from separatists in their own countries.

Singapore stock calls for 3 October 2017

China will be replacing WIFI with LIFI soon.

http://en.people.cn/n3/2017/1003/c202936-9276460.html

Wifi will be outdated soon and wifi chips in computers, routers and mobile phones will become obsolete.

China has achieved another breakthrough in technology and everyone will be using LIFI soon.

Kevin Warsh is slated to replace Janet Yellen as FED Chair.

https://www.cnbc.com/2017/10/02/fed-chair-favorite-warsh-believes-central-bank-is-slave-of-the-sp.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104746283&yptr=yahoo

This man is more hawkish than Janet Yellen and he will want to end the QE much faster than Yellen as he sees that FED is being held hostage by the stock market.

USA gunman fired a machine gun at the crowd below the Mandalay Hotel.

https://www.nytimes.com/2017/10/02/us/las-vegas-shooting.html

This is definitely an act of terrorism.  The white man was shooting from the 32nd floor of Mandalay Hotel.  He mounted his machine gun in the hotel room and fired at the crowd below.  Up till date, about 59 died in this shooting craze.

Spain police attacked referendum voters!

Not only did the Spain police attack the referendum voters, they also attacked the officials and firemen.  This won't end well as this violence against its own citizens would only reinforce their resolve to gain independence.

Apple is reporting bad sales for Iphone 8 and 8 plus in China, HK and India.

http://indianexpress.com/article/technology/iphone-8/lack-of-innovation-high-prices-discouraging-people-from-buying-iphones-4870685/

https://www.cnet.com/news/china-no-crowds-apple-stores-iphone-8-launch/

Some analysts attribute the poor sales to the upcoming Iphone X sales launch.  If the Iphone X sales launch is also bad, Apple and its suppliers' stock prices will fall again.

Singapore stock calls for 2 October 2017

The Chinese who hated China would always emigrate to the USA.

https://www.nytimes.com/2017/10/01/business/facebook-china-guo-wengui.html?mcubz=3

This is the same with Amos Yee who hates Singapore.  All these people will take up the USA citizenships and badmouth their own countries of origin when they're no longer in their birthplaces.

Therefore, not all Chinese Americans are pro-China and most of them are not China spies.

Spain is breaking up.

http://www.marketwatch.com/story/catalonia-leader-with-90-approval-we-have-the-right-to-be-independent-2017-10-01?siteid=yhoof2&yptr=yahoo

This comes after Iraq break-up.  This Spain break-up doesn't bode well for Europe because Spain is not doing well now and will become weaker.  Catalonia constitutes 10% of Spain's population but 20% of Spain's economy.  Spain will drag Europe down.

Bad Iphone sales launch in China.

Iphone sales launch in China Hangzhou has no queue.  People used to queue overnight in China for Iphone launch but the recent Iphone 8 had only 2 people in the queue.  The security guards were more than customers.

Our Iphones poll.

This poll shows that most of our readers are not interested in Iphones.  Heehee!