It's nice that this is cleared up: the water supplies are safe in the Killdeer area where there was an oil spill estimated to be about 1,000 barrels.
No doubt the international markets will breathe a collective sigh of relief. I know the local folks were hoping for a visit by the president telling them the soybean crops were safe and that everyone should come "on up to" South Dakota for a vacation.
[On another note regarding spills, it was just reported a couple days ago that there was no "dead zone" caused by the BP oil spill.]
Pages
▼
Tuesday, September 7, 2010
Great Day in the Oil Patch
A lot of wells reported today. The last two of CLR's Eco-Pad (Arthur/Hegler) came off confidential list today; all four are reported as "DRL" at this point. Will be interesting to see how they did.
Ten (10) more permits granted, included two on one pad for KOG in Twin Buttes oil field, Dunn County. Even Fidelity was granted a permit.
The state is on track to grant 1,371 permits in calendar year 2010.
Ten (10) more permits granted, included two on one pad for KOG in Twin Buttes oil field, Dunn County. Even Fidelity was granted a permit.
The state is on track to grant 1,371 permits in calendar year 2010.
EOG WOW WOW WOW
I once told someone I missed buying EOG the first time around, but if EOG (share price) ever got back to $88 I would consider buying a few shares.
EOG is now below $90 and could hit $88, down from a high of around $114. Exciting?
I assume the downward pressure on EOG is due to the same reason all other E&P companies are down today: a) continued pessimistic economic reports -- the recession continues; and, b) the strength of the dollar.
However, EOG has another pressure: its exposure to natural gas, which continues to fall in price. It should be noted that in the last earnings call:
But now this: could parts of EOG, or even EOG itself be a buyout candidate? (If the link is broken, google EOG, India, Reliance.)
In original post, I also forgot to link this article: top ten oversold stocks.
Wow, wow, wow.
EOG is now below $90 and could hit $88, down from a high of around $114. Exciting?
I assume the downward pressure on EOG is due to the same reason all other E&P companies are down today: a) continued pessimistic economic reports -- the recession continues; and, b) the strength of the dollar.
However, EOG has another pressure: its exposure to natural gas, which continues to fall in price. It should be noted that in the last earnings call:
For the first time in EOG's history, during the second quarter total revenues generated from crude oil, condensate and natural gas liquids production exceeded those from natural gas," Mark Papa, EOG's Chief Executive Officer, said in a statement.
But now this: could parts of EOG, or even EOG itself be a buyout candidate? (If the link is broken, google EOG, India, Reliance.)
In original post, I also forgot to link this article: top ten oversold stocks.
Wow, wow, wow.
Governor Hoeven's Interview on CNBC, Sept 3, 2010
I thought I had posted the link to Governor Hoeven's interview with CNBC's Erin Burnett (Sept 3, 2010) on this site, but I can't find it. I must be getting older faster sooner.
Be that as it may, here's the link, sent to me by one of my readers.
Thank you.
http://www.cnbc.com/id/15840232/?video=1582022076&play=1
(Both links identical, but I can't get rid of the ad. Smile.)
North Dakota was the last state Erin Burnett highlighted on her series on the "state of the states." Quite appropriate, saving the best for last.
Be that as it may, here's the link, sent to me by one of my readers.
Thank you.
http://www.cnbc.com/id/15840232/?video=1582022076&play=1
(Both links identical, but I can't get rid of the ad. Smile.)
North Dakota was the last state Erin Burnett highlighted on her series on the "state of the states." Quite appropriate, saving the best for last.