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• US investments in Canadian oil & gas on the rise
  Canadian oil and natural gas companies, with their discounted valuations and abundant fossil fuel reserves,...
  Canadian oil and natural gas companies, with their discounted valuations and abundant fossil fuel reserves, are gaining significant attention as prime targets for acquisition by US corporations and private equity firms, which are particularly interested in assets in the Montney, Duvernay and Clearwater shale formations. US acquisitions of Canadian oil and gas assets have surged to a 12-year high, totaling $3.2 billion so far this year, LSEG data show.
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• 🇱🇧Hezbollah won’t enter the war...for now
  In his first speech since Hamas’s Oct. 7 attack on Israel, Hezbollah leader Hassan Nasrallah called...
  In his first speech since Hamas’s Oct. 7 attack on Israel, Hezbollah leader Hassan Nasrallah called the assault “glorious” but did not signal he’d join the conflict in a significant way imminently. The world is watching Hezbollah’s next moves carefully since the Iran-backed Lebanese militant group’s involvement could spark a wider regional war in the Middle East. Also yesterday, during his visit to Israel, US Secretary of State Antony Blinken called for a humanitarian pause in the Israel–Hamas war; Israeli Prime Minister Benjamin Netanyahu rejected the possibility of a cease-fire that does not include the release of the hostages being held in Gaza.
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• 🚢 A shipping giant warns on the economy
   The Danish shipping company Maersk is ...
   The Danish shipping company Maersk is cutting more than 10,000 jobs and posted a 92% drop in profits as the pandemic-era shipping boom runs aground. Because Maersk moves goods all over the world, its woes are a concerning sign for global trade going into next year. The cost of shipping a 40-foot container from China to the US West Coast has dropped from more than $16,000 in March 2022 to less than $2,000 in September, per the WSJ.
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• ☕️What Else is Brewing Saturday Morning
  Historybook: Journalist Walter Cronkite born (1916); Nellie Tayloe Ross becomes first...
  Historybook: Journalist Walter Cronkite born (1916); Nellie Tayloe Ross becomes first woman elected governor in the US (1924); Sean "Diddy" Combs born (1969); Iran hostage crisis begins (1979); Barack Obama becomes first African American elected US president (2008).
  
  The Supreme Court will hear a case on the legality of a federal ban on bump stocks, which attach to semiautomatic weapons and allow them to fire like machine guns.
  
  Google and Australia’s Lendlease are scrapping a planned $15+ billion real-estate development project in the Bay Area.
  
  About 35,000 unionized hotel workers in Las Vegas could walk off the job at 18 casinos next week.
  
  The Kansas City Chiefs will face the Miami Dolphins tomorrow in the second NFL game played in Germany. If Taylor Swift doesn’t come on the trip, expect a subpar game from Travis Kelce.
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• US drillers cut oil and gas rigs to lowest since Feb 2022
  U.S. energy firms this week cut the number of oil and natural...
  U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since February 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
  
  The total oil and gas rig count, an early indicator of future output, fell by 7 to 618 in the week to Nov. 3.
  
  Baker Hughes said that puts the total rig count down 152 rigs, or 20%, below this time last year.
  
  U.S. oil rigs fell 8 to 496 this week, their lowest since January 2022, while gas rigs rose 1 to 118.
  
  
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