Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
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Opening Volley
"Apple struggles in push to make health care its greatest legacy." Link: https://www.foxbusiness.com/technology/apple-struggles-healthcare-legacy.
This follows the failed attempt by Buffett, et al, to "fix" the health sector (previously posted). The millennials seem pre-occupied with "health," but seem not to understand how "medicine" works. Whatever.
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Return
Jobs report today: not necessarily a bad report but certainly not good. Economy on fire and folks not returning to work. Think about that. What's the number one expense businesses have? Yup, personnel costs.
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My Biggest Mistake Last Night ...
.... when I quit watching the Atlanta Hawks - Philadelphia 76ers NBA game in the third quarter when the latter was 26 points ahead of the former ... and then went on to lose by three points...
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The Dot Plots
The Dot Plot that got everyone excited at this link (it's behind a paywall but one can easily get around it (LOL We've talked about that before.)
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US Shale Free Cash Flow
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Infrastructure
Line here at The WSJ: one failed bridge in Memphis, TN, costing business millions. I think we've seen this movie before.
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The Buzz
Jim Cramer:
- flipped on energy; now loves the oil sector; a change from about six months ago;
- absolutely loves Jay Powell (I agree completely)
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Back to the Bakken
Active rigs:
| $71.88 | 6/17/2021 | 06/17/2020 | 06/17/2019 | 06/17/2018 | 06/17/2017 |
|---|---|---|---|---|---|
| Active Rigs | 21 | 12 | 62 | 62 | 57 |
Twelve operators with twenty-one active rigs:
- CLR (7): Gordon Federal, Gale, Jensen, Pasadena Federal, Harrisburg, Tallahassee, LCU Truman Federal,
- Hess (3): BB-State A, EN_Johnson A, GO-Soine A,
- MRO (2): Loraas, Goddard USA,
- Enerplus: Sable
- Slawson: Mauser Federal
- RimRock Oil & Gas: FBIR Guyblackhawk
- Ovintiv: Olson,
- Whiting: Lapica
- Kraken: Bigfoot
- Petro-Hunt: Blikre
- KODA Resources: Porter
- Oasis: Fraser Federal
Twenty-one? Almost double what it was a year ago. And producing more oil than New Mexico with 70+ rigs.
Two wells coming off the confidential list -- Thursday, June 17, 2021: 68 for the month, 92 for the quarter, 170 for the year:
- 37777, drl/NC, MRO, Bulls Eye USA 41-6TFH, Reunion Bay, no production data,
- 36850, 2,379, Hess, EN-VP And R-154-94-2536H-15, Alkali Creek, t12/20; cum 126K 4/21;
RBN Energy: the social and governance parts of ESG, part 5.
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