Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Canadian oil and gas explorer TransGlobe Energy
So what: Today's global sell-off was sparked by South Korea's key interest rate increase, fueling speculation that China will follow suit in the next few days. Naturally, Mr. Market is worried that a Chinese rate hike would work to cool the country's growth, weaken its appetite for basic materials, and, in turn, hurt energy producers like TransGlobe Energy.
Now what: Even oil behemoths ExxonMobil
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