Locator: 51704B.
Apple (AAPL) today: was much of this a "short squeeze"? Currently watching "Fast Money." Dan Nathan is part of the regular panel. They've now gone fifteen minutes not talking about Apple, except an introductory statement by Melissa. How long will it be before Dan Nathan comments on Apple.
The Apple discussion on "Fast Money": wow, wow, wow! Didn't happen. From her opening segment on Oracle, Melissa jumped to price of oil and Treasuries. Completely ignored Apple which is probably the biggest story of the day.
Now, the first break .... first copper, then maybe Apple .. nope, copper, and now another break ... Dan Nathan on tap? The more I think about this, the more I think much of this was due to a short squeeze.
Finally, Dan Nathan ... says he won't buy version 1 of the iPhone Duo but will buy version 2 or 3 .... short, short discussion ... Dan barely said anything ... eating crow. AAPL after hours -- held its gain today ... wow!
WTI: okay, now we know the story. We've switched from "swing provider" to "swing consumer." China is back in the market, buying oil; its reserves have run out. Paraphrased from what I'm hearing over at CNBC. This explains the jump from $96 to $104. I'm waiting to see when WTI matches Brent. Maybe never, but ...
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Back to the Bakken
WTI: $104.00
Active rigs:
Four new permits, #43294 - #43297, inclusive:
- 43294, SOGC, Sanish, Marten 4-5-6-7H
- 43295, Formentera, Larson, Piper-08-31-BND S517HF;
- 43296, Formentera, Larson, Jackson-08-32-PGN S610HX;
- 43297, CLR, Catwalk, Jenner 3-16H,
Five permits renewed:
- Petro-Hunt: three permits; John Williams (2), Crooked Creek (Dunn oil field); Edgar Lea Weems, Little Knife (Dunn oil field).
Three producing wells (DUCs) reported as completed:
- 41601, 1,089, BR, Sivertson 6D, McKenzie County:
- 41602, 984, BR, Sivertson 6E, McKenzie County:
- 41614, 414, BR, Sivertson 6I, McKenzie County: