There Will Be (More) Headlines...... BP's Alaskan Pipeline

As I wrote in this post in March of this year, specifically-unknown, but generally-anticipated headlines are once again favoring our portfolio strategy.

In this case, it's the headlines about British Petroleum's surprise announcement of corrosion on the Alaskan pipeline, which will necessitate its closure for an as-yet undisclosed period of time.

There goes 8% of American's crude oil supply, in one fell swoop.

While not knowing precisely "which" headlines would affect investors and, thus, the equity markets, we knew there 'would be headlines.'

And in the energy sector, the odds seem to be for more headlines which send prices of energy, and, thus, energy stocks, up, rather than down. Fewer announcements of massive new, easy-to-exploit energy sources. More announcements of refinery closures for maintenance, pipeline closures for repair, and/or oil fields at risk due to war.

So, while others are busily trading today, and will be again for several days, on the basis of BP's announcement, we are simply reaping the benefits of the headlines from our steady portfolio positions.

Surely, there will be more headlines to come........