E Christmas Eve Market

Twas the night before Christmas and all through the House (of Representatives), not a creature was stirring after El Presidente undermined his own party over the size of the latest stimulus bill. Luckily across the pond, the British and the EU did manage to craft a Brexit deal and sterling rose a tad under 0.8% to $1.36, a 2020 high. UK stocks also went up. But Xmas Eve turned out to be a chance for many Samsons to pull themselves down to stop supposed opponents.

It appears that the prospect of a veto or a pocket veto (meaning just not signing) will improve the prospects for the Senate democrat candidates in Georgia. This increases the risk of inflation and the result favored one of my 2021 ideas, a gold mine discussed below. The other one is not looking good.

Other surprises hit several companies. The details follow. But first a word from our sponsor. My site is being hacked by individuals who are located in Lahore, Pakistan, according to google. Beware. I have no idea why. While I have family reported in India, I know no one in Pakistan at present. I had a college classmate who was a stockbroker in Lahore, but she moved to the US after her husband died. Now for the news.

Business newspaper article

image source

Oil and energy

*Royal Dutch Shell's oil site in River State, Nigeria, was seized over damages allegedly not paid by the Anglo-Dutch major over an oil spill that occurred in the late 1960s. The local government also objects to the terms under which RDS-B bought ODL 245, an offshore drilling site in 2011.

*German ute Eon.SE, EONGY, today took payment from the accounts of 1.5 million clients using credit cards to pay for amounts only due next month. This was an IT error, according to the company, but most Germans were unable to reach the company to complain or seek a delay. Many accounts are overdrawn leading to penalties from banks in Germany. EONGY stock rose 0.04% but it will reverse nächste Woche.

*Google GOOGL announced that it has sold a cloud system which may earn as much as $10 bn to Saudi Aramco, the now listed oil company.

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