Thursday, September 4, 2014; CLR Trades At A New 52-Week High; And, A Race To The Bottom

For investors only -- this is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here.

CLR traded at a new high, but will finish the day down if the trend continues.

The market started out strong, then lots of profit taking, no doubt, and has pulled back significantly. However, the list of companies trading at new highs is quite long (again): BRK.B, CAH, CFN, CLR, CVS, DIS, EEQ, UNP, WPX.

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Active rigs:

	9/4/2014	09/04/2013	09/04/2012	09/04/2011	09/04/2010
Active Rigs	196	188	192	198	146

Wells coming off confidential list Friday:

• 26393, drl, CLR, Limousin 3-3H, Sanish, no production data,
• 27131, drl, BR, CCU Corral Creek 31-28TFH, Corral Creek, no production data,
• 27276, drl, SM Energy, Vincent Trust 16-21HS, Big Dipper, producing,

Wells coming off confidential list today were posted earlier; see sidebar at the right.

Eight (8) new permits --

• Operators: QEP (6), Oasis, Hunt,
• Fields: Grail (McKenzie), Blue Ridge (Williams), Sanish (Mountrail)
• Comments:

One (1) producing well completed:

• 28036, 713, Whiting, Ness 41-21-2XH, Sanish, t8/14; cum --

The following wells transferred from KOG to Emerald Oil (these appear to be in Mondak oil field, southwest McKenzie County, a relatively poor-to-fair location)

• 19362, East Grizzly State 4-16-15-8H,
• 20939, East Grizzly Federal 16-9-4-2H,
• 21956, Grizzly 147-103-16-21-16-2H,
• 23175, Grizzly 147-103-14-22-15-3H,
• 23976, Grizzly 147-103-16-21-16-1H,
• 25140, Grizzly 147-103-3-17-20-13H3,
• 25141, Grizzly 147-103-3-17-20-14H,

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The Race Is On
Race To The Bottom

 Updates

October 5, 2014: President Obama clinches it -- worst polling in history; worse than Clinton, Bush -- according to Gallup:

Angry and frustrated voters are planning to use the midterm elections in one month to tell President Obama they oppose his agenda, the highest “no vote” percentage in the last 16 years measured by Gallup.

The polling outfit found that 32 percent of voters want to send a message of opposition with their vote, compared to just 20 percent who are sending a signal of support.
That is 13 points higher than in 1998 when former President Clinton was headed to impeachment for lying about his sex affair with a former White House intern and even a smidge higher — 2 points — than in 2008, when Americans were tired of President Bush’s military actions in Iraq and Afghanistan.

Original Post 

George W. Bush's "lowest approval rating, ever": 38% (October, 2011)

Today, President Baraq O'Bama, Gallup approval rating, ... drum roll ... 38%.
 
The Race Is On, George Jones      

 Wild sunflowers in the Bakken.