Replies to post #15144 on The Rising Influence of Rising Affluence

[OakesCS]

Just a half-assed guess but I suspect the recent decline of VZ heavy oil imports is directly related to the completion of the Keystone system and Canadian heavy oil imports

[DewDiligence]

HES cuts 2017 cap-ex budget by modest 4% (from prior $2.25B to $2.15B); production guidance little changed:

http://phx.corporate-ir.net/external.file?t=2&item=o8hHt16027g9XhJTr8+weNRYaV9bFc2rMd0Q/AXw4zv98resTMCGKNh73lhzd/xwVtxARiKxNFoXxXtvToKZr5tgr8K3pgik+bTydrnXb4pUNQK9ly6Y/57f8cuuEUGNVVq2CYTGg4N1wOWVXPRtEg==&cb=636366656161904399

The stock is flattish today.